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Customs Bond Product Info

Customs Bond

Providing insurance to the Directorate General of Customs and Excise for the risk of default by the exporter/importer upon the customs facility, hold/release of imported goods and other State excises.

User (Insured)

Export and Import Companies

Benefits of Customs Bond

Benefits

Economy Improvement

Helping the improvement of economic cycle upon incoming/outgoing goods from/to Indonesian’s customs territory

Guarantee

Obtaining insurance that the exporter/importer will re-export products of which the raw materials have been facilitated by the customs

Exporter / Importer obligation

Exporter/importer is able to finish its obligation as required by the Directorate General of Customs and Excise

Customs Bond Feature

Product Feature

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Types of Customs Bond

  • Temporary Import (OB 23)
  • The hold of incoming goods payment (vooruitslag)
  • Enterport production for export purpose and bonded zone. (EPTE/KABER)
  • Reimport (BC 1.2)
  • Correction of Imported Goods Notice (NOTUL / SPKPBM)
  • Customs clearance service company
  • Import Facilities for Export (KITE/Ex-Bintex) 
  • Excise Band 
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Term

Bond term is in compliance with Finance Minister decisions

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Calculated compensation

Damage compensation is calculated based on the bond’s value

List of Business Products

Choose Askrindo Insurance Products According to Your Business Needs

Multifunctional Loan Insurance

  • Providing loan coverage for individual/micro entrepreneur/small entrepreneur/retail to get loan from bank/non-bank financial institution/non-financial institution, which do not meet bank’s technical requirements (non-bankable) yet feasible for loan.

Trade Loan Insurance

  • Providing coverage for factories/distributors due to the buyer’s default of trade loans in accordance with the trade contract between factory/distributor and the buyer due to bankruptcy or default

Surety Bond

  • Providing insurance to the Obligee for default that is caused by the Contractor’s (Principal) incompliance upon a project (construction/non-construction) for a term that had been specified in the contract.

Bank Counter Guarantee

  • Providing insurance in form of counter guarantee upon guarantee bank facility that is issued by the Bank for Principal when Principal suffers from default in the project’s execution.

Customs Bond

  • Providing insurance to the Directorate General of Customs and Excise for the risk of default by the exporter/importer upon the customs facility, hold/release of imported goods and other State excises.

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