The guarantee that given by Asuransi Asuransi ASEI is the form of SECURITY PAYMENT (Payment Bond) for freight payment obligations that must be paid by Cargo Agen of the ICAC members . Guarantee given by Asuransi ASEI is a product substitution of the Guarantee Bank (Bank Guarantee). Payment Bond and Bank Guarantee is a guarantee instrument that commonly used in a business transaction in Indonesia . Advantages of Payment Bond issued by the Asuransi ASEI is a lighter requirements without reducing the unconditional nature of a guarantee instrument. In general, the Bank Guarantee for the Applicant (in this case Cargo Agent) shall provide collateral back to back, either in the form of fixed assets or cash deposit insurance limit / warranty provided that the Bank would be blocked by the Publisher.

With this cooperation, the ICAC Members will be more free in maximizing the financial resources to do business development. While in the Obligee, the risk of defaults Agent will be protected by the unconditional guarantee from ASEI Insurance.

The agreement cooperation has be signed on August 7th 2008 in Asuransi ASEI Office (Gd. Menara KADIN, Fl. 22, Jl. HR. Rasuna Said, Kuningan, Jakarta ). Of the ICAC was represented by Mr. Mufti Syafei (Chairman) and Mr. Imam R Wartini (Secretary General) while from Asuransi ASEI was represented by Mr. Martin F. Simarmata (Finance Director) and Mr. Indra Noor (Operational Director). The President Director of Asuransi ASEI, Mr. Zaafril Razief Amir as a witness in the signing of the agreement cooperation.