Transferable LC scheme

1) LC issuance application

Applicant /
PT. Issuing Bank/Bank Mandiri
Spektrum
Krisindo 2) 1st LC issuance
Elektrika

3) 1st LC advised
Advising Bank /
1 st Beneficiary Transferring
PT. Simotech 4) Transfer LC Bank / Bank
Global Indonesia Mandiri
7) 2nd beneficiary ships the goods 5) Transferred LC issuance

2nd Beneficiary 6) Transferred LC advised

PT. Siemens Advising Bank

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Transferable LC scheme

16) Send docs

15) Payment / acceptance

Applicant / Issuing Bank /

PT. Bank Mandiri
Spektrum
Krisindo 14) Payment / acceptance 12) Present docs 13) Payment / acceptance
Elektrika

9) Change invoice, draft & Present docs

Transferring
1 st Beneficiary
Bank / Bank
PT. Simotech
Mandiri
Global Indonesia

8) Present docs

10) Payment / acceptance

2nd Beneficiary 8) Present docs

PT. Siemens Presenting Bank /
Negotiating Bank

11) Payment / acceptance

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