2.3.4 Maintain INCO Terms
Associate documents and clauses to INCO Terms as part of a one-time maintenance for your
bank. The following are the INCO terms for which you can maintain documents and
clauses:
- CIF
- C&F
- C&I
- FOB
- CFR
- EX-Works
You can associate any number of valid documents to an INCO term. To each document associated with a term, you can associate any number of clauses.
When creating an Islamic LC product, you can indicate the INCO term that should be associated with it. The documents and clauses associated with the term will automatically default to Islamic LCs processed under the product. When processing an Islamic LC, you can modify the default list of associated documents and clauses.
Parent topic: Free Format Text (FFT) Codes Details