Supplier program · Indonesian exporters · Pilot program
Rhofin finances your US buyer. You simply get paid.
You keep your customer, your commercial relationship and control of buyer communication. Once the eligible goods ship, Rhofin pays the approved balance directly to your company's account at your bank in Indonesia, in US dollars, and you are credited the full amount. Your buyer repays Rhofin before the cargo is released in the US. No Rhofin financing fee is deducted from your payment. Once Rhofin has paid you, you do not retain the buyer's repayment risk.*
Start with one buyer today. Named, indicative view within 48 hours.
Available on ocean shipments from Indonesia to qualifying US business buyers, where the shipment moves on a bill of lading issued by a logistics provider with a release procedure agreed with Rhofin; in Indonesia, ECU Worldwide. Financing availability varies by state. Each transaction is subject to buyer eligibility, your bank's written confirmation that it will credit a third-party payment, routing eligibility, verification, credit approval and applicable law.
A US$50,000 order, illustrated
Initial transactions are generally between US$25,000 and US$50,000.
US$15,000
Your buyer pays upfront, direct to you, at order. Typically around 30% for initial transactions.
US$35,000
Rhofin pays you the remaining balance, direct, at shipment.
US$50,000
100% of invoice value, received within one business day of shipment confirmation, credited in full.
Rhofin financing cost to you: Rp0
Your buyer repays Rhofin at arrival, before the cargo is released in the US.
Illustrative example, not an offer. The upfront contribution is agreed between you and your buyer and may be subject to Rhofin's transaction requirements. Rhofin finances the approved remaining supplier balance. Payment is made gross: Rhofin bears all correspondent bank charges, so you are credited the full amount. Payment is final once made, except for established fraud or material breach of specified supplier warranties; a refund is required only in the limited circumstances in the terms. Payments are made in US dollars.
Shipping from Indonesia with ECU Worldwide
One shipment, start to finish
Tell us your buyer. Ship. The money arrives.
Before the first payment, once
Contract clause and legend, signed once
Before the first payment, your sales contract with your buyer records that Rhofin may pay the balance on the buyer's behalf, and names Rhofin and its account. Your purchase order and invoice carry a short bilingual payer legend. Signed once. It is what makes the money trail explain itself if your PPN refund is ever examined.
Your bank's written go-ahead
Rhofin pays you as your buyer's financier rather than as your buyer. Before the first payment we ask your foreign-exchange bank to confirm, in writing, that it will credit and report that receipt as export proceeds. Silence is not confirmation. We do not pay until your bank has said yes.
One bank, one account
Your buyer's deposit, Rhofin's payment and any balance all arrive through the same bank and the same account, each quoting the same commercial invoice number. That is how your bank identifies and matches the receipt to your export declaration.
Routing confirmed in writing
Financing depends on who issues your bill of lading. Where you book with ECU Worldwide Indonesia, it is already in place. Where your buyer nominates a different forwarder, we raise it with your buyer during their onboarding, because it is usually their decision rather than yours. Either way you get a written answer before you book.
Order
Your buyer pays the upfront contribution direct to you. Typically around 30%.
Shipment confirmed
Your PPE is registered and the goods clear. The logistics provider confirms custody and issues the bill of lading as agreed.
You are paid
Rhofin wires your remaining balance, in US dollars, to your account at your bank in Indonesia, within one business day. You are credited the full amount.
Arrival in the US
Your buyer repays Rhofin. Only then is the cargo released.
Tanjung Priok · Tanjung Perak · Tanjung Emas · Belawan · Batam
Ocean transit · varies by lane; many US services route via a transshipment hub
US CFS · release only against Rhofin's instruction
Illustrative flow. Payment is subject to the conditions in clause 4 below. Transit times vary by route.
The alternatives
What Indonesian exporters do when a smaller US buyer asks for terms.
Lose the order
Insist on T/T in advance or an L/C at sight.
Smaller US buyers rarely pay in full before shipment, and most will not open a letter of credit for a US$40,000 order: their bank charges more than the deal is worth and it ties up their own line. Insisting on it sends the order to a competitor in Jepara, or to Vietnam.
Wait for payment
Ship on D/P or open account.
Your money is at sea and then on the buyer's books. If the buyer does not take up the documents, your container sits at a US port accruing demurrage, 15,000 kilometres from your desk, with a distress sale as the exit.
On your balance sheet
Borrow against the export contract, or go to LPEI.
Export financing exists in Indonesia, through the commercial banks and through Indonesia Eximbank. But it is your borrowing. It consumes your credit limit, it is usually secured on property, and it does nothing about the buyer's risk: you still carry that. Every rupiah of it sits on your balance sheet.
No buyer limit
Ask a credit insurer or factor.
Non-recourse export factoring needs a credit-insurance limit on your buyer. Smaller or less-established US buyers often do not qualify for enough cover, and without cover the factor cannot take the risk.
With Rhofin
You get paid at shipment. Rhofin finances your US buyer.
Rhofin extends the financing to your US buyer, secured on the financed cargo and its proceeds. You are the payee, not the borrower. There is no facility, no limit application, no property collateral and no financing cost: nothing appears on your balance sheet and nothing touches your bank line. Rhofin pays you gross and bears all bank charges, so you are credited the full amount. Once Rhofin has paid you, you do not retain the buyer's repayment risk. Payment is final once made, except for established fraud or material breach of specified supplier warranties. An ordinary commercial dispute with your buyer is not, by itself, grounds to reclaim it. Your buyer's own rate and total cost are shown to them before they commit; see Rhofin's buyer pricing.
Getting started
Getting started takes three steps.
Rhofin never contacts a buyer you nominate before you introduce us. The introduction is yours to make, when the indicative view is in your hands.
- 1
Tell us which US buyers you supply
Start with one buyer or list several for an initial fit check. Company name and city are enough; no invoices, no volumes, no contact persons at this stage. We match names against US customs records.
Free · No obligation · Confidential
- 2
Get an indicative view
Within 48 hours we tell you whether the buyer appears eligible and the indicative transaction size we may be able to support. If we cannot proceed, we tell you in writing and explain why.
Indicative only · Not a commitment
- 3
Make the introduction
Forward the one-page buyer invitation. Your buyer signs one agreement online and completes onboarding once. Your pricing and your purchase order stay between you and your buyer; Rhofin's terms to your buyer are shown to them up front.
Your relationship · Your timing
Trust and control
Built for Indonesian exporters.
Built into the logistics network
ECU Worldwide
An Allcargo Group company
One of the world's largest LCL consolidation networks · 160+ countries
PT ECU Worldwide Indonesia runs six of its own offices, in Jakarta, Surabaya, Semarang, Medan, Batam and the inland port at Bandung, with in-house customs brokerage, trucking and warehousing · LCL and FCL, ocean only · Approved lanes and approved suppliers only
Network figures as reported by Allcargo/ECU, 2026.
You ship as usual. We handle the financing.
Use the familiar ECU Worldwide shipping process. Once the eligible shipment is confirmed, Rhofin pays your approved balance directly. Your buyer then repays Rhofin before the goods are released in the US.
Book with ECU Worldwide Indonesia and the financing works.
That is the whole routing requirement. Rhofin's security is that the cargo cannot be released in the United States without Rhofin's instruction, and that control runs through the bill of lading and the destination delivery order. Where the shipment moves on ECU's own bill, the control is in place and nothing else about your process changes.
Where it does not.
If you book through a forwarder that co-loads into ECU, that forwarder issues the bill of lading you receive, and Rhofin has no agreement with it. Many US buyers nominate the forwarder, so this is often your buyer's decision rather than yours. Tell us who books your US shipments and we will raise it with your buyer directly when they onboard. See clause 10 below.
Logistics controlled
Financing runs on shipments moving through participating logistics providers. In Indonesia that is ECU Worldwide, part of the Allcargo Global group, with six of its own offices and in-house customs brokerage. The documentary controls behind the financing are what make payment at shipment possible.
Your PPN money trail, documented
Rhofin pays you as a third party on your buyer's behalf. Indonesia has no rule that either permits or prohibits this, so we do not claim one protects you. What we do is build the evidence file before your first payment: a signed contract payment clause and bilingual legend, our corporate documents, a remittance confirmation carrying your contract, invoice and PPE references, and a written reconciliation where your buyer paid part of the invoice direct.
Outside the natural-resource regime
We finance non-natural-resource manufactured goods only, carried by sea. The export-proceeds retention rules (DHE SDA) cover mining, oil and gas, plantation, forestry and fishery proceeds and strategic commodities, none of which we finance, so nothing we pay you is DHE SDA. If you also run natural-resource exports of your own, this program does not change how those rules apply to them, and we do not advise on them.
Origin evidence you already hold
For wood and furniture, Indonesia is easier than most origins: your SVLK certification and V-Legal document already evidence legal timber sourcing, and your US buyer needs that documentation for its own Lacey Act declaration. We ask for what you already produce, alongside your certificate of origin.
You stay in control of your buyer relationship
You manage your commercial relationship and day-to-day buyer communication. Rhofin never contacts a nominated buyer before you introduce us; after that, we communicate with your buyer only about the financing, repayment and cargo-release requirements.
US financing
Rhofin Inc. is a Delaware-incorporated nonbank commercial finance company. Financing is extended in the United States to eligible US commercial buyers under US law. Availability varies by state. You are paid from the United States. Rhofin does not lend in Indonesia, does not take deposits in Indonesia, and holds no OJK licence or any other Indonesian financial services authorisation.
Your PPN refund and the money trail
This is the question that matters most, so here is the full answer. Indonesia does not have a specific rule permitting or prohibiting payment by someone other than the buyer named in your export contract. What it does have is an examination standard: when DJP examines a refund claim, it tests the money flow and the goods flow against your documents, and a full examination can run for up to twelve months.
So we will not pretend a regulation protects you. What we do instead is make the money trail explain itself, before the first payment rather than after a query:
- a payment clause in your sales contract naming Rhofin and its account, and a short bilingual payer legend on your purchase order and invoice, signed by you and your buyer, dated before payment;
- your own foreign-exchange bank's written confirmation that it will credit and report a receipt sent by your buyer's financier as export proceeds, obtained before the first payment;
- Rhofin's incorporation and good-standing documents, evidencing a real, lawfully operating US company;
- a remittance confirmation showing Rhofin as payer, your company as beneficiary, and your contract number, commercial invoice number and PPE registration number in the remittance information, carrying the Bank Indonesia export transaction-purpose code your bank requires;
- a written statement from Rhofin that the payment was made for the account of your buyer under your contract, with a reconciliation where your buyer's direct upfront payment means the remitted amount differs from the invoice total.
Your refund claim remains yours to make. We do not file it, and we cannot guarantee its outcome. What we can do is make sure that when an examiner traces the money, every document points at the same transaction. Discuss the arrangement with your tax adviser before your first payment. See clause 6 below.
What about my DHE obligations?
The export-proceeds retention regime (DHE SDA) applies to proceeds from the natural resource sectors: mining, oil and gas, plantation, forestry and fishery, along with strategic natural-resource commodities. Rhofin finances non-natural-resource manufactured goods only, carried by sea. Those goods sit outside the DHE SDA regime, so nothing we finance is subject to it, and eligibility is recorded for each exporter as tariff classifications rather than as a sector, so a later change to the lists is caught by suspending funding rather than by re-papering a contract.
If you also run natural-resource exports of your own, this program does not touch how the retention rules apply to them. We are not your adviser on this; the way the rules apply depends on your sector and your HS codes. Confirm your own position with your accountant or with your bank's trade desk before your first payment; we will provide whatever transaction documentation that conversation needs. See clause 6 below.
What do you need to know about where my goods are made?
More than a bank would ask, and for a reason that protects you as much as us. Rhofin's security is the cargo. If US Customs detains a shipment over country of origin, forced-labour concerns or an antidumping finding, the cargo stops being collateral and the transaction fails, and questions come back to the supplier. So we screen origin before we approve a lane, and you warrant that the goods are of Indonesian origin and substantially transformed in Indonesia.
For wood and furniture this is easier in Indonesia than almost anywhere: your SVLK certification and V-Legal document already evidence legal timber sourcing, and your US buyer needs that documentation for its own Lacey Act declaration. We will ask for it, alongside your certificate of origin, a bill of materials with the origin of principal inputs, and purchase invoices for those inputs. If you already export to the US you almost certainly have all of this. See clauses 5 and 9 below.
How and when you are paid
Rhofin pays you within one business day of confirmed shipment, in US dollars, gross: Rhofin bears all sending, correspondent and beneficiary bank charges, so you are credited the full amount stated on the payment notice, and if a bank in the chain deducts anything, Rhofin makes up the shortfall within five business days. Your buyer's deposit, Rhofin's payment and any balance all arrive through the same bank and account, each quoting the same invoice number, so your bank can match them to one export. See clause 4 below.
How is the transaction secured?
The controls sit in the paperwork, not in your shipping process. Custody of the goods is confirmed by the logistics provider, and the negotiable ocean bill of lading is issued to Rhofin's order at your buyer's nomination, with telex and express release disabled, so the cargo is released in the United States only against Rhofin's instruction. Confirmed custody and the issued bill of lading are what trigger your payment, which follows within one business day. The conditions in full are in clause 4 below.
What if my buyer does not pay after you have paid me?
Once made, payment to you is final and is not conditional on your buyer repaying Rhofin. It may be reclaimed only for established fraud or material breach of the specified supplier warranties; an ordinary commercial dispute between you and your buyer does not, by itself, affect it. The full terms are in clause 5 below.
When can a completed payment be reversed?
Rarely, and only in the limited circumstances set out in the terms: if the export is cancelled, materially short-shipped or rejected before completion, or the payment is a duplicate or an overpayment, the affected amount is refunded in full, in the currency received, to Rhofin's account through the same bank, with no set-off against another transaction; and for established fraud or a material breach of your warranties. An ordinary commercial dispute with your buyer is not one of them. See clause 5 below.
What does my buyer pay?
The financing cost is your buyer's, and no Rhofin fee is deducted from your payment. Your buyer's own rate and total cost are shown to them before they commit, and Rhofin's buyer pricing is published on this site. See clause 3 below.
The confidentiality undertaking in full
Rhofin never contacts a nominated buyer before you introduce us, and never solicits or markets to one independently. If you decide to proceed, you make the introduction. After that, Rhofin deals with your buyer directly, only for onboarding, documentation and the financing itself. Nominations are held under a mutual confidentiality undertaking built into the nomination form, and at the nomination stage we ask for nothing beyond the buyer's company name and location. For most ocean freight into the United States, that information is already available in public customs records. We use lawfully available US customs records and other commercial data sources for one purpose: to assess whether we can finance the buyers you name.
Who is behind Rhofin
Rhofin is led by founder Christoph Gugelmann (ex-Goldman Sachs, Bank of America, Tradeteq), CTO Nathan Driscoll (architect of Tradeteq's platform), and board member Vaishnav Shetty (Deputy MD at Allcargo Global), supported by an executive team with decades of global banking and trade-finance experience.
See the Important information below.
Approved lanes only
Check if your US buyers qualify.
Tell us who you would sell more to if payment were not the problem. Start with one buyer or list several. We return a named, indicative financing view within 48 hours. If we cannot proceed, we explain why in writing. Free, confidential, and no obligation on you or your buyer.
This is a preliminary enquiry, not an application. No credit check is run on you at this stage, and none is run on your buyer until the buyer itself applies. Three things have to work: your buyer has to be eligible, your bank has to be able to credit a payment sent by your buyer's financier, and your shipment has to be routed so Rhofin can control release in the US. We assess all three. See clause 2.
Prefer to read first, or talk it through?
Download the supplier program brochure(PDF)Slots show in your local time.
The full terms
Important information
11 clauses · Supplier program, Indonesia · Version 2026-08-26.2 · Effective 26 August 2026
01
Who we are. Rhofin Inc. is a nonbank commercial finance company incorporated in the United States. Rhofin is not a bank, does not accept deposits and does not hold customer funds. Rhofin does not extend credit to the Indonesian exporter, accept deposits in Indonesia, provide any banking, financing-company or factoring service in Indonesia, or hold any licence from Bank Indonesia or the Financial Services Authority (OJK); it makes third-party payments from the United States, for the account of eligible US buyers, in connection with financing extended to those buyers. Indonesian export, tax, customs and foreign-exchange requirements continue to apply to the exporter and its bank.
02
What this page is. This page describes a program under which Rhofin finances qualifying US business buyers and pays their Indonesian suppliers direct. Nothing here is an offer or commitment to finance any buyer, to make any payment, or to purchase any receivable. A buyer nomination is a preliminary enquiry, not an application; an indicative financing view is an indication, not a commitment. Every transaction is subject to buyer eligibility, routing eligibility, verification, credit approval, definitive documentation and applicable law, and financing availability varies by state. Once a buyer itself applies, credit decisions and their reasons are communicated to the buyer. Those documents govern; nothing on this page varies them.
03
You are the payee, not the borrower. The financing is a secured commercial loan extended to your US buyer. No facility is extended to you, no financing charge is made to you and no Rhofin fee is deducted from your payment. Each payment is made gross: Rhofin bears all sending, correspondent and beneficiary bank charges, so you are credited the full amount stated in the payment notice. If a bank in the payment chain nevertheless deducts a charge, Rhofin remits the shortfall to the same account within five business days, against the same payment notice and invoice number, so that what you receive matches your declared export value. Your buyer's repayment obligation, and the collateral securing it, are matters between Rhofin and your buyer.
04
Conditions to payment. Rhofin pays your remaining balance within one business day after all of the following: a signed sales contract between you and your buyer that expressly permits Rhofin to pay the balance for your buyer's account and identifies Rhofin, and the purchase order and commercial invoice carry the bilingual third-party payer legend; custody of the goods is confirmed by the participating logistics provider; the negotiable bill of lading is issued to order as Rhofin directs, with telex and express release disabled; your commercial invoice, purchase order, packing list and registered export customs declaration conform to each other and to the shipment record; where applicable, a valid V-Legal document; your bank account is verified in your company's registered legal name; and screening under clause 6 is clear. If a condition fails, we tell you which one, in writing.
05
Finality, warranties and refunds. Once made, payment to you is final and is not conditional on your buyer repaying Rhofin. You give specified warranties that the documents are genuine, the transaction is a genuine sale of your own unencumbered goods, the goods shipped are the goods described in the documents, and the goods are of Indonesian origin, substantially transformed in Indonesia, and not produced with any input subject to US forced-labour import restrictions. A refund is required only in limited circumstances: a cancelled, materially short-shipped or rejected-before-completion export, a duplicate payment or overpayment, established fraud, or material breach of those specified warranties; where a refund is due it is returned in full, in the currency received, through the same bank, with no set-off against another transaction. An ordinary commercial dispute between you and your buyer, including a quality or conformity claim, does not, by itself, make your payment conditional on the buyer repaying Rhofin. If your buyer defaults, Rhofin controls and may realise the cargo; you may be offered a first option to repurchase the goods before any third-party sale. That option is a right, never an obligation.
06
Payments to Indonesia; tax and foreign exchange. Payments are remitted from the United States in US dollars to a bank in Indonesia, only to the verified account in your company's registered legal name, with the payment instruction identifying Rhofin as payer for the account of your buyer and carrying the Bank Indonesia export transaction-purpose information, being the export purpose code, your commercial invoice number and the amount paid, in the format your bank confirms; your buyer's deposit, Rhofin's payment and any balance all arrive through the same bank and account, each referencing the same invoice, so the receipts reconcile against the same export and the resulting export declaration. Payment is made gross, so you are credited the full amount. Indonesia does not have a specific rule permitting or prohibiting payment by a party other than the buyer named in the export contract; what it has is an examination standard, under which the tax authority tests the money flow and the goods flow against your documents. Before the first payment, Rhofin therefore provides a documentation pack for that purpose, including the bilingual contract payment clause and legend naming Rhofin, Rhofin's incorporation and good-standing documents, remittance confirmation referencing your contract, invoice and export declaration, and, where the direct buyer contribution means the remitted amount differs from the contract value, a written reconciliation; and Rhofin requires your bank's written confirmation that it will credit and report a third-party receipt before the first payment. Rhofin finances only non-natural-resource manufactured goods carried by sea, so nothing Rhofin finances is subject to the Indonesian export-proceeds retention regime for natural resources (DHE SDA), which covers mining, oil and gas, plantation, forestry and fishery proceeds and strategic natural-resource commodities; if you also run natural-resource exports outside this program, this program does not change how those rules apply to them, and Rhofin does not advise on them. You remain responsible for your own compliance with Indonesian tax, customs and foreign-exchange requirements, including your own DHE reporting and matching, for your bank's requirements, and for making your own PPN refund claim; Rhofin does not file, guarantee or indemnify that claim. Risk-based sanctions, forced-labour and trade-compliance screening runs at onboarding, at each payment and before each release, and payment may be withheld where screening is not clear.
07
Buyer confidentiality. Rhofin will not contact a nominated buyer before you introduce us, and will not solicit or market to a nominated buyer independently; once you make the introduction, Rhofin deals with the buyer directly only for onboarding, documentation and the financing. Nominations are held under a mutual confidentiality undertaking and used only to assess and document transactions under this program. Rhofin may use public US customs records and other lawful data sources in that assessment.
08
Goods in scope. Standard, identifiable goods with an established resale market, shipped by ocean. Examples: wooden and rattan furniture, home furnishings and decor, handicraft, kitchenware and housewares, ceramics, hardware, luggage and bags, and packaging. Out of scope: commodities, fungible bulk and unprocessed natural resource products; seasonal goods; goods not identifiable by container and lot marks; perishables, including seafood, coffee, cocoa, spices and fresh produce; palm oil and derivatives; hazmat; pharma; alcohol; tobacco; weapons; goods subject to a US antidumping or countervailing duty order or an affirmative circumvention or evasion finding covering Indonesian-origin merchandise; solar cells and modules; goods wholly or partly of steel or aluminium subject to US Section 232 measures; textiles, apparel and footwear where the origin of yarn, fabric or component inputs cannot be documented; wood products without a valid V-Legal document; and any goods where substantial transformation in Indonesia cannot be evidenced. Approved lanes and approved suppliers only.
09
Origin and trade compliance. US import measures applying to Indonesian-origin goods change frequently and are outside Rhofin's control. Rhofin does not advise on tariff classification, country of origin, duty rates or eligibility for any preference, and gives no assurance about the duties payable on any shipment. A tariff change, a customs detention, a withhold release order or a duty assessment does not create any obligation of Rhofin to you and does not entitle Rhofin to reclaim a payment already made to you, except for established fraud or material breach of the warranties in clause 5.
10
Logistics and control. Financing requires the shipment to be routed so that the party controlling release of the cargo at the United States destination, ordinarily the party issuing the delivery order, has a release procedure agreed with Rhofin in advance. The goods travel under a negotiable to-order bill of lading held to Rhofin's order, with telex and express release disabled, and are released only against Rhofin's release instruction. Rhofin has no agreement with, and gives no assurance about, any freight forwarder, consolidator, carrier or agent engaged by you or by your buyer in Indonesia or elsewhere, and Rhofin's willingness to finance a shipment is not a recommendation of any such party. Rhofin may decline to finance a shipment where the required release control cannot be established on the routing proposed. Rhofin is not a carrier, forwarder, NVOCC or customs broker.
11
No advice; law; language. Nothing on this page is legal, tax, accounting, customs, foreign-exchange or financial advice in any jurisdiction. The supplier documents you sign with Rhofin, the accession and the third-party export payment framework, are executed as a single bilingual instrument in Bahasa Indonesia and English in accordance with Law 24 of 2009, and Rhofin does not accept a signature on the English version alone. Those documents are governed by the law stated in them, subject to the mandatory Indonesian law that applies to your export, customs, banking and foreign-exchange obligations. Where this page is provided in Bahasa Indonesia and English, both versions are provided; the governing language is the one stated in your transaction documents.