38 Transfer Letter of Credit
This topic provides the systematic instructions view the details of existing Transfer Letter of Credit in the application.
Using this option, a corporate user can initiate transferring an Export Letter of Credit (LC) received from issuing bank to the second beneficiary.
User can search the required LC which has to be transferred and enter the details required for the application such as second beneficiary details etc. and then submit the application to OBTFPM. Once submitted, the application can be tracked under app tracker and will follow bidirectional flow.
User must be having a valid corporate login credentials to get into the system. This will be under a maker – approver system, or as per user’s access
- From the Dashboard, click Menu, then click Trade Finance, and then
click Letter of Credit. Under Letter of Credit, click Export Letter of
Credit and then click Initiate Transfer LC.The Transfer Letter of Credit screen appears.
Figure 38-1 Transfer Letter of Credit
Description of the illustration transfer-letter-credit.pngThis topic contains following sub-topics:
- Transfer Letter of Credit - Search
This topic provides the systematic instructions to search an view the details of existing Transfer Letter of Credit - Transfer Letter of Credit - Add Second Beneficiary Details
This topic provides the systematic instructions to add the Second Beneficiary Details in the application. - Transfer Letter of Credit - Goods, Shipment & LC Details
This topic provides the systematic instructions to specify the Goods and Shipment Details in the application. - Transfer Letter of Credit - Documents and Conditions
This topic provides the systematic instructions to specify the Documents and Condition details in the application. - Transfer Letter of Credit - Instructions
This topic provides the systematic instructions to capture the Instructions details in the application. - Transfer Letter of Credit - Charges Commissions and Taxes
This topic provides the systematic instructions to capture the Charges Commissions and Taxes details in the application. - Transfer Letter of Credit - Attachments
This topic provides the systematic instructions to capture the LC Attachments details in the application.