Country intelligence
Jurisdiction practice and constraints
30 jurisdictions — legal character of the undertaking, local issuance route, language, transferability, expiry, formalities and the drafting controls that keep wording acceptable locally.
Indonesia
Bank garansi; Standby LC; Counter-guaranteed local guarantee · Indonesia
Jurisdiction practice
Legal character
Waiver of Articles 1831/1832 of the Indonesian Civil Code is commonly requested to make the undertaking payable on first demand Governing law and jurisdiction are often required to be Indonesian
Local issuance / counter-guarantee
Local guarantees are commonly required in Bahasa Indonesia, or bilingual with Bahasa prevailing Public-sector beneficiaries frequently mandate their own template wording Stamp duty (bea meterai) is usually applied to the local instrument
Full operational intelligence for Indonesia
8 further practice points for this jurisdiction — local issuance route, transferability, expiry and claim handling, formalities, why wordings get rejected locally and the recommended drafting controls. Available with TradeOps Essential.
Sources
TradeOps desk record
Operational intelligence base, not legal advice. Tender requirements, local bank practice and mandatory law must be validated before issuance.
Default non-transferability clause: “This guarantee is not transferable or assignable without the Guarantor's prior written consent.”