Export Letter of Credit (tcgtc0650m000)

A set of financial companies for which you can set up specific tax data and/or generate reports such as the Intrastat declaration at a time. A financial company set can contain one or multiple financial companies.

A working environment in which you can carry out logistic or financial transactions. All the transaction data is stored in the company's database.

The generated identification number of the letter of credit (L/C).

The version number of the letter of credit (L/C). This number is increased by 1 when a document is linked or when the letter of credit is unapproved to allow adjustments.

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

If this check box is selected, the letter of credit (L/C) is approved.

The manually entered number of the letter of credit (L/C), for example, the number of the copy of the letter of credit received from the advising bank or the issuing bank.

If this check box is selected, the letter of credit is revolving.

If this check box is selected, shipping the entire quantity of the shipment generated for the document linked to the letter of credit is not mandatory, Not Shipped Quantity in Inventory Unit quantities are allowed.

Text about the partial shipment.

If this check box is selected, shipment to an intermediate destination is allowed.

Text about the trans-shipment.

The first date of the period in which shipment of the goods is to take place.

The last date of the period in which shipment of the goods is to take place.

The number of days from the Effective Date onwards during which shipment of the goods is to take place.

Extra information about the shipment of the goods.

If this check box is selected, the letter of credit is irrevocable.

The location from which the goods transacted under the L/C must be shipped.

The sea port or airport at which the goods must be loaded. The port of loading must be indicated on the transport documents that the seller must present to the bank to get paid.

The sea port or airport at which the goods must be unloaded. The port of discharge must be indicated on the transport documents that the seller must present to the bank to get paid.

If this check box is selected, the letter of credit is transferable.

The place of final destination stated in the letter of credit (L/C). The place of final destination must be indicated on the transport documents that the seller must present to the bank to get paid.

The agreements with the business partner, concerning the way the goods are delivered. Relevant information is printed on various order documents.

The insurance company that covers the insurance of the goods of the letter of credit (L/C). Insurance companies are defined as business partners.

The reference number of the insurance policy.

If this check box is selected, the letter of credit is of type stand by.

The details of the shipment covered by the insurance policy of the letter of credit (L/C).

The details of the location to which goods can be shipped covered by the insurance policy of the letter of credit (L/C).

The details of the risks covered by the insurance policy of the letter of credit (L/C).

Additional remarks about the insurance policy.

The total amount covered by the insurance policy.

The amount of the insurance that has been paid.

The total assured amount minus the utilized amount.

If this check box is selected, additional text about the letter of credit (L/C) is available.

The date on which the insurance policy becomes effective.

The date on which the insurance policy expires.

The date on which coverage becomes effective, as displayed on the policy date page of the policy document.

The identification number of the amendment. This number must be the latest in the series of all amendments made, regardless of the means by which previous amendments were sent.

The reference assigned by the sender to clearly identify the message.

The reference number assigned to the letter of credit (L/C) by the receiver of the message.

The letter of credit (L/C) number of the issuing bank. This field is used if the message is sent by a bank other than the issuing bank, that is, by an advising bank.

Additional information.

The date on which the current version of the letter of credit (L/C) is modified.

The user who modified the letter of credit (L/C).

The buyer, also called customer.

The bank of the applicant or buyer, if different from the issuing bank. This field is used if the applicant's bank cannot issue the letter of credit (L/C), for example due to corporate rules or government regulations.

The bank with which the credit is available (the place for presentation) and an indication of how the credit is available.

The bank that issues a letter of credit (L/C) and sends it to the advising bank on behalf of the buyer.

The bank that accepts a letter of credit (L/C) from the issuing bank. The advising bank verifies the authenticity of the letter of credit, and forwards the L/C to the seller. The advising bank does not take on any payment obligations. The advising bank is typically located in the seller's country and can be the seller’s bank.

The date on which the letter of credit (L/C) is issued.

The date on which the letter of credit (L/C) becomes effective.

The date on which the letter of credit (L/C) expires. This is the last date on which the letter of credit can be presented.

The place where the documents must be presented. For example, the issuing bank's or the advising bank's location.

The latest date on which loading of the goods is allowed.

A generally accepted medium of exchange such as coins, treasury notes, and banknotes.

The amount payable under the letter of credit (L/C).

The amount in excess of the letter of credit (L/C) amount that is covered by the letter of credit.

The total ordered amount of the document lines linked to the letter of credit (L/C).

The total amount of the goods listed on confirmed shipment lines or receipt lines related to the document lines linked to the letter of credit (L/C).

The license to import or export the goods sold under the letter of credit (L/C).

The date the trade license expires.

The description of the goods sold under the letter of credit (L/C).

A brief advice of documentary credit sent by the issuing bank to the advising bank. It notifies the recipient that the buyer has opened an L/C for a specified amount for the seller (beneficiary).

Additional information of the sender, the issuing bank, to the receiver, the advising bank, about the settlement of the L/C.

Extra conditions about the settlement of the L/C.

Extra information about the letter of credit (L/C) conditions.

The rules to which the letter of credit (L/C) is subject.

The availability options for the letter of credit (L/C).

The mode of instruction of the confirming bank, in addition to that of the issuing bank, to honor or negotiate a compliance of the required documents presented by the seller.

The time when the drafts under the letter of credit (L/C) must be drawn: at sight or after a specified number of days.

The party expected to accept and pay a bill of exchange, such as a check, draft, or letter of credit (L/C) on presentation, or on a certain date (called due date or maturity date). This is usually the confirming bank or the issuing bank.

The details about the mixed payment pertaining to the letter of credit (L/C).

If the letter of credit (L/C) is available by deferred payment, in this field you can specify the payment date or how to determine the payment date, for example, a fixed number of days after the bill of lading issue date.

The percentage expressing the negative amount tolerance of the letter of credit (L/C) amount. For example, a negative amount tolerance of 5% means that the L/C amount minus 5% of that amount is the lowest amount allowed.

The percentage expressing the positive amount tolerance of the letter of credit (L/C) amount. The L/C amount is allowed to be exceeded by this percentage.

Additional amounts covered such as insurance, freight, or interest.

Bank authorized by the sender, the issuing bank, to reimburse drawings in accordance with the letter of credit (L/C). This can be a branch of the sender or the receiver, the advising bank, or an entirely different bank.

If different from the advising bank, the bank through which the letter of credit (L/C) is to be advised or confirmed to the beneficiary.

The bank that reviews the documents required in the letter of credit for compliance with its terms and remits payment to the beneficiary. The bank can be specifically named in the letter of credit (L/C), or can be a bank chosen by the seller.

Usually the local branch of the first advising bank.

The bank that adds its confirmation to a letter of credit (L/C) upon the issuing bank's authorization or request. According to current L/C rules, a confirming bank is irrevocably bound to honor or negotiate the L/C as of the time it adds its confirmation to the credit.

Bank that credits the transferee's account because of a funds transfer.

The bank authorized by the issuing bank to transfer all or part of the letter of credit (L/C) to another party, a middleman or supplier, at the beneficiary’s request.

Instructions to the paying bank, accepting bank, or negotiating bank. The instructions can also indicate if pre-notification of a reimbursement claim or pre-debit notification to the issuing bank is required.

The period of time after the date of shipment within which the documents must be presented for payment, acceptance or negotiation.

Party into whose possession goods must be delivered.

Party to be notified by the carrier of the arrival of the goods at their destination. Normally the notify party is the importer or the importer’s agent for clearing goods through customs.