2 Shipping Guarantee Issuance - Islamic

This User Manual describes the various stages of Shipping Guarantee Issuance - Islamic process.

As part of Shipping Guarantee Issuance, the Importer (Applicant in case of LC transaction and Drawee in case of Documentary Collection) approaches a bank and requests the bank to issue a Shipping Guarantee and the Shipping guarantee is presented by the Importer to the carrier for taking delivery of the goods in the case of arrival of cargo prior to the shipping document.

The various stages involved for issuance of Shipping Guarantees are:
  • Input application details and Upload of related mandatory and non-mandatory documents in Registration stage.
  • Input/Modify details of Shipping Guarantee - Data Enrichment stage
  • Check for limit availability
  • Check balance availability for amount block
  • Check for sanctions & KYC status
  • Earmark limits/Create amount block for cash margin/charges
  • Capture remarks for other users to check and act Generate acknowledgements
  • Hand off request to back office

The design, development and functionality of the Islamic Shipping Guarantee Issuance process flow is similar to that of conventional Shipping Guarantee issuance process flow.

In the subsequent sections, let’s look at the details for Shipping Guarantee Issuance process.

This topic contains following sub-topics:

  • Common Initiation Stage
    This topic provides the systematic instructions to initiate the new Shipping Guarantee Issuance - Islamic request.
  • Registration
    This topic provides the systematic instructions to initiate the Registration stage of Shipping Guarantee Issuance - Islamic request.
  • Data Enrichment
    This topic provides the systematic instructions to initiate the Data Enrichment stage of Shipping Guarantee Issuance - Islamic request.
  • Exceptions
    This topic helps you quickly get acquainted with the Exceptions process.
  • Multi Level Approval
    This topic helps you quickly get acquainted with the Multi Level Approval process.