Letter of Credit Status

The initial status of the letter of credit (L/C).

The letter of credit (L/C) procedure is completed.

The letter of credit (L/C) is no longer used. Users can set the letter of credit to Canceled at any stage in the procedure.

The documents linked to the letter of credit (L/C) can be approved, or, in case of contract deliverables, to be activated and document compliance checks can be performed for the letter of credit.

Applicable for import or domestic purchase letters of credit (L/C). The buyer has sent the request to open a letter of credit to the issuing bank.

For import or domestic purchase letters of credit (L/C), this status indicates that the letter of credit is received from the issuing bank.

For export or domestic sales letters of credit, this status indicates that the seller agrees with the contents of the letter of credit received from the advising bank.

For import or domestic purchase letters of credit (L/C), this status indicates that the issuing bank has issued the letter of credit to the advising bank.

Applicable for export or domestic sales letters of credit (L/C). The letter of credit (L/C) received from the buyer requires amendment.

Applicable for export or domestic sales letters of credit (L/C). The letter of credit (L/C) is acceptable for the seller.

Applicable for export or domestic sales letters of credit (L/C). The required documents are presented to the advising or confirming bank and the goods are sent.

The amount stated in the letters of credit (L/C) is paid.