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VOL. 7, ISSUE 3 (2021)
Surety guarantee arrangements concerning advance payment bond in the sale and purchase of coal in Indonesian law
Authors
Izmi Waldani, Mhd Halkis
Abstract
Contract agreement between the parties raises legal issues, and sometimes regulations are not sufficient to regulate it so that it becomes a dispute in court. The purpose of this study was to analyze the decision of the Supreme Court of the Republic of Indonesia Number 470 PK / Pdt / 2019 regarding Advance Payment Bond Disbursement Claims issued by PT. Intra Asia Insurance. Research findings; First: Arrangement of Advance Payment Bond in the sale and purchase contracts in Indonesia is regulated in Article 93 paragraph (2) of the Presidential Decree Number 4 of 2015: Implementation Guarantee is disbursed; the goods/services provider must pay the remaining advance payment; Goods/service providers pay late fees, and goods/services providers are included in the blacklist. Second, the Judge's Decision in the Supreme Court of the Republic of Indonesia Number 470 PK / Pdt / 2019 that the disbursement of Advance Payment Bonds can be completed due to Principal.
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Pages:29-36
How to cite this article:
Izmi Waldani, Mhd Halkis "Surety guarantee arrangements concerning advance payment bond in the sale and purchase of coal in Indonesian law ". International Journal of Law, Vol 7, Issue 3, 2021, Pages 29-36
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