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INDEX > ProduCT > produCT GUARANTEE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

produCT GUARANTEE

Surety Bond consists of 2 products :
1. Surety Bond = Constraction
Surety Coy (Insurance) provides insurance to the Obligee (Owner Project) that the Principal (Contractor) guarantees on finishing the construction work under the contract.Principal defaults and if the surety coy would pay compensation to the Obligee.
2. Supply Bond = Non Constraction
Surety Coy (Insurance) provides insurance to the Obligee (Goods Orderer) that the Principal (Contractor / Supplier) guarantees on finishing the job / fill orders under the contract.
If the Principal defaults, surety coy would pay compensation to the Obligee.
CUSTOMS BONDS
Providing guarantee services to Obligees (Directorate General of Customs and Excise) against possible losses due to Principal (Importer or Producer Exporter) failing to fulfill their obligations to the Directorate General of Customs and Excise according to the provisions, then Suretycoy (Insurance) will pay compensation to Customs and Excise.
TYPE OF CUSTOMER BOND
1. KITE ( Kemudahan Impor Tujuan Ekspor ) :a facility for exporters' products through suspension of payment of import duties etc. until the producer exports products originating from imported raw materials.
2. Facility OB 23 (Tax Ordinance) withholding payments for temporary import
3. Voorruitslag facility is a deferral of payment of customs fees, according to customs and excise approval.
4. "Kaber / Epte" facility or suspension of customs payments because imported goods are still in the location of the bonded zone.
5. Note or Correction Note is a postponement of customs payment on the existence of SPKBM from customs.
6. PPJK is a guarantee for customs service management companies that operate at customs locations
 
BANK GUARANTEE
Providing guarantee services to Banks that issue Bank Guarantees for Construction or Supply Bonds (construction guarantees or procurement guarantees) recommended by Buana Independent Insurance against the possibility of Bank losses due to the disbursement of Bank Guarantees by Obligees (Project Owners), because of Principals (Contractors or Suppliers) ) that are guaranteed not to fulfill their obligations in accordance with the contract between the Obligee and the Principal.
Bank Guarantee Cooperation with :
 
1. PT. J TRUST INDONESIA Tbk
2. PT. UOB Indonesia
3. PT. Bank Ganesha
4. PT. Bank Jasa Jakarta
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