Guarantees – Standby LC, Demand Guarantee and Bank Garansi

Certificate of completion (supplied by PasarTrainer)

Training Material

A multiple-choice test to assess the participants' proficiency level prior to enrolling in the training program.

Pre-Test (20 Question - Closed Book)

1. Definition
2. Main Uses and Category
3. Principal Characteristics
4. Underlying Transaction vs Underlying Relationship
5. Independent Principle
6. Irrevocability and Unconditional
7. Counter Guarantee (including Asymmetrical Guarantee) and Confirmed SBLC
8. Other Technicalities


This module contains the nature, characteristics, arrangements and other technical matters of the Guarantee products. Participants will get basic information and how to tell the difference.  

Guarantees – Nature and Character

1. Roles and Obligations of each Party
2. Good Drafting 
3. Issuing, Amendment, Advising and Transfer
4. Examination, Acceptance and Payment
5. Extend or Pay and Termination (Expiry of Guarantee)
6. Governing Law and Jurisdiction


This module will learn the points that need to be considered in making transactions, including the responsibilities of the parties. 

Guarantees – Transactions and Obligation of Each Party In The Transaction

A multiple-choice test to assess the participants' proficiency level after enrolling in the training program.

Post-Test (20 Questions - Closed Book)

Each guarantees have different nature and characteristics even for arrangements that have been agreed and recognized internationally, they still have differences in terms of different applicable law in each countries. Indonesia itself has its own provisions regarding this matter which aims to accommodate the needs where all parties involved in the transaction are domiciled in Indonesia. Understanding each difference becomes important for the parties involved in guarantee transactions, in order to avoid bad drafting or practices. This course will reveal the differences between the guarantee products that are often used in Indonesia which is Standby LC, Demand Guarantee and Bank Garansi; and the perspective will always be seen from those sides.  
