Import
Import Definition

Import is trade by entering goods from abroad into the Indonesian customs territory by fulfilling the applicable provisions. This service provides guarantees of smooth transaction to both parties, both importers and exporters.

Benefits of Import

Smooth and Safe
Payment abroad only after the exporter submits documents according to the requirements requested by the importer to the bank.
Import Facility
Importers do not have to provide the entire fund or usually a certain percentage only until the imported goods arrive to be redeemed.
Document Ownership Rights
Importers can exercise ownership rights to documents under the terms of L/C to obtain refinancing.
Payment Guaranteed
The Bank refuses payment to the exporter unless the exporter meets the requirements requested by the importer in accordance with the L/C conditions.

Types of Imported L/C on the basis of the manner and when payment

Sight L/C
Against the submission of documents in accordance with the terms of L/C will be made immediately payment
Usance L/C
Against the submission of documents in accordance with the terms of L / C is not made immediate payment but the acceptance is made that is agreeing to make payment at a certain time (in accordance with the terms of L/C)
Financing and Services

Facilities of Opening L/C Letter Of Credit Issuance

Instruments that provide certainty of payment to exporters abroad. The types of L/C commonly used are Sight L/C and Usance L/C.

LC Payment Facilities /Trust Receipt Financing

Short-term credit facility for importers to meet Sight L/C payment obligations.

Shipping Guarantee Facility

Guarantees intended for shipping airlines for the purpose of loading and unloading goods when the goods have arrived at the port but the documents required by the original L/C or B/L (Bill of Lading) have not been received.

Incoming Documentary Collection

Payment of bills from foreign parties based on the required goods ownership documents.

Import Tax Receipts / Goods Import Notice (PIB)

Import Tax Revenue / Goods Import Notice (PIB) As a bank designated by the Ministry of Finance as a perception bank in import tax receipts, thus you can pay import taxes both L/C and Non L/C through PaninBank

Terms of Import Opening Letter Of Credit
  1. Importers have Import Identifier Numbers (APIs), or Limited APIs (APIT) and NPWP
  2. Has a ceiling /opening line L/C
  3. Fill out the L/C opening form & meet the general conditions of L/C opening

Call Panin

For our customer service call center in Indonesia

1500678

if you're abroad, call us to this International Call

(+62-21) 251-5555