This topic provides the systematic instructions to specify the Goods and Shipment Details in the application.

1. Specify the Goods, Shipment and LC details.

   Figure 38-6 Transfer Letter of Credit - Goods, Shipment & LC Details

   
   

   
   Description of "Figure 38-6 Transfer Letter of Credit - Goods, Shipment & LC Details"

   
   

   Note:

   The fields which are marked as Required are manadatory.

   For more information refer to the field description table below:

   Table 38-5 Transfer Letter of Credit - Goods, Shipment & LC Details - Field Description

   Field Name	Description
   Second Beneficiary Name	Displays the name of the added second beneficiary. There will be separate tabs dedicated for each second beneficiary onthe screen, and having same fields which user can input things specific for that transaction.
   Goods, Shipment & LC Details	Section to add or remove the goods traded under the LC.
   Goods	Type of good being shipped.
   Cost / Unit	The price per unit of the good covered under the LC.
   Available Quantity for Transfer	The original quantity of goods.
   Transfer Cost/Unit	Specify the price per unit of the good covered under the LC Transfer.
   Transfer Quantity	Specify the quantity of goods transferred.
   Description	Click the View and Edit the description by clicking the View/Edit link.
   Gross Amount	System calculates and displays the gross amount under the LC based on the specified Quantity and Cost/Unit.
   LC Available Amount to Transfer	Displays the available LC amount to transfer
   Total Amount to be Transferred	Displays the total LC amount to be transferred.
   Place of Taking	Specify the place of receipt from where shipment will be done.
   Place of Final Destination	Specify the place of dispatch or taking in charge of the goods or loading on board.
   Substitute Documents	Select whether the document to be substituted or not.
   LC Transfer Amount	Specify the amount for the Letter of Credit.
   Date of Expiry	Specify or select the date of expiry of Transfer LC. The expiry date must be later than the application date.
   Place of Expiry	Specify the place where LC would expire.
   Additional Amount Covered	Specify any additional amounts available to the beneficiary under the terms of the credit, such as insurance, freight, interest, etc.
   Shipment	The option to select the shipment. The options are: Date Period
   Shipment Date	Specify or select the shipment date. Shipment Date is the latest date for shipment loading goods on board/ dispatch/ taking in charge. The Latest Date for Shipment should not be later than the LC Expiry Date. This field is displayed when you select Date option in Shipment field. Note: It is mandatory to enter the values either in the Shipment Date or Shipment Period field.
   Shipment Period	Specify the period of shipment during which the goods are to be loaded on board /dispatched /taken in charge. This field is displayed when you select Period option in Shipment field.
   Documents to be presented within/beyond days after the date of shipment but within validity of this credit	Specify the number of days after the date of shipment when the documents will be presented to bank. On adding these days to the date of application, it should be within validity period.

2. In the Goods section, specify the transfer price per unit of the goods in the Transfer Cost/Unit field.
3. Specify the quantity of goods transferred in the Transfer Quantity field.
4. Select whether the document to be substituted or not in the Substitute Documents field.
5. Specify the amount for the Letter of Credit in the LC Transfer Amount field.
6. Specify the date of expiry of and place of expiry of Transfer LC in Date of Expiry and Place of Expiry fields, respectively.
7. Specify any additional amounts available to the beneficiary in the Additional Amount Covered field.
8. Specify the Shipment Date or Shipment Period depending on the type of shipment selected.
9. Specify the number of days after the date of shipment when the documents will be presented to bank. field.
10. Perform any one of the following actions:
    • Click Next to save the entered details and proceed to the next level.

      The Documents and Conditions tab appears in the Transfer Letter of Credit screen.

    • Click Cancel to cancel the transaction.

      The Dashboard appears.

    • Click Back to go back to previous screen.