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 Professional.
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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.”