7.2.3 Amendment of an Unauthorized Islamic LC
The amendment of an unauthorized Islamic LC is considered as a modification. When an Islamic LC that you have entered is not yet authorized, you can change all its details except the details in the header (contract reference number, the product and type of operation). To change any detail on an Islamic LC that has been stored and not authorized, delete the Islamic LC and input a new one.
After amending the details of the unauthorized Islamic LC, save the contract with the new information. On saving the amendment, all the accounting entries that were passed during the input of the contract and the earlier accounting entries specified for the Islamic LC, are deleted. A fresh set of accounting entries are passed for the amended Islamic LC contract.
As the advices to be generated for an Islamic LC, are generated only at the time of authorization, no action needs to be taken regarding messages.
Note:
The system will not allow you to amend the following fields in the ‘Islamic LC Contract’ screen:- Their Reference Number for Party Types ABK, BEN, COB and ISB (in the ‘Parties’ tab)
- Issue Date (in the ‘Main’ tab)
- Expiry Date (in the ‘Main’ tab)
- Islamic LC Amount (in the ‘Main’ tab)
- Positive and Negative Tolerance (in the ‘Main’ tab)
- Additional Amount Covered message (in the ‘Others’ tab)
- Shipment From (in the ‘Ship/Docs’ tab)
- Shipment To (in the ‘Ship/Docs’ tab)
- Port of Loading (in the ‘Ship/Docs’ tab)
- Port of Discharge (in the ‘Ship/Docs’ tab)
- Latest date of shipment (in the ‘Ship/Docs’ tab)
- Shipment period (in the ‘Ship/Docs’ tab)
- Sender to receiver information (in the ‘Parties’ tab)
However, you can amend the above fields in the ‘Amendment Confirmation’ screen. This screen is explained in the following section.
Parent topic: Procedure to Amend an Islamic LC