To change letter of credit data or status

You can change letters of credit (L/C) in different stages of the import or export letter of credit procedure. For various reasons, in addition to changing the data, you may also be required to change the status as an indicator that you move on to the next step or return to a previous step in the procedure.

Example

After the seller accepts the letter of credit, he finds out that the latest shipment date must be extended. For this purpose, the letter of credit must be unapproved and the shipment date must be adjusted. The new shipment date must be communicated to the buyer. Next, the user approves the letter of credit and resets the status from Accepted to Returned.

Note
  • You can only change the most recent version of the letter of credit. The version number is displayed in the Version field of the applicable letter of credit session.
  • To change letters of credit, you must have proper authorization. See Letter of credit setup
Preliminary, closed, and cancelled letters of credit

Letters of credit with status Preliminary can be changed at any time during the process.

You cannot change letters of credit with status Closed or Canceled.

Change letter of credit data

To change letters of credit with other statuses:

  1. On the appropriate menu of the applicable letter of credit session, select Unapprove to undo the approval of the letter of credit.
  2. Change the letter of credit data as required.
  3. Approve the letter of credit.
  4. If another status is required, on the appropriate menu, select the required status. The available statuses depend on the status of the letter of credit at the moment you change the letter of credit.
Change letter of credit to earlier status

To change letters of credit with statuses other than Preliminary, Closed or Canceled to a status applicable to an earlier step:

  1. On the appropriate menu of the applicable letter of credit session, set the status to Definitive.

  2. Return to the appropriate menu and select the required status.

    The available statuses depend on the status of the letter of credit at the moment you change the letter of credit.

Change letter of credit to later status

To change letters of credit with statuses other than Preliminary or Canceled to a status applicable to a later step:

Select the required status. The available statuses depend on the status of the letter of credit at the moment you change the letter of credit.

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