Import letter of credit procedure
In LN, the import letter of credit (L/C) procedure entails maintaining and processing letters of credit from the buyer's perspective.
These types of letters of credit are used:
- Import letters of credit - for international trade
- Domestic purchase letters of credit - for trade within the same country
Note:
- The previous steps reflect the normal flow. However, if the letter of credit requires adjustment, at various stages in the procedure you may be required to change the data or to set the letter of credit to an earlier status. See To change letter of credit data or status
- Users can set the letter of credit to Canceled at any stage in the procedure.