Book a bill against an LC where shipping guarantee is issued against the LC

The following events are triggered during booking of an Import LC, issuance of Shipping Guarantee, and Bill
Booking:

LC Issuance

• Import LC is issued and Non-Revolving line attached for LC Limit tracking
• On save of Import LC, the BISS event is triggered and LC Limit is utilized.
• LC is authorized without any change in LC limit.

SG Issuance

When a shipping guarantee is issued against an import LC and saved, BISS event is triggered in the SG and BKSG
event is triggered in the LC. There will not be any limit utilization for LC.

On authorization of SG, LC BKSG event is also authorized and LC limit will be matured to the extend of SG amount.

Bill Booking

When an import bill is booked under LC against Shipping Guarantee and saved, the following actions are triggered:

• CANC event is triggered in the SG
• CASG event is triggered in the LC and
• INIT event is triggered in Bill contract

The matured limit amount at the time of SG authorization will be reversed to the extent of SG amount when the CASG event is triggered in LC contract.

On authorization of the Bill, LC AVAL event is also authorized and LC limit will be matured to the extent of Bill
amount.

Delete a Bill against an LC where shipping guarantee is issued against the LC

While reversing a bill booked against an LC where shipping guarantee is issued against the LC, the following events
are triggered:

• On deletion of the bill, BC event INIT is deleted
• SG event CANC is deleted and
• LC event CASG is deleted

The limit calls that had taken place when the LC event CASG was triggered is reversed while deleting the LC event CASG. This is equal to the limit utilization at the time of SG authorization.

Reverse a bill against an LC where shipping guarantee is issued against the LC

While reversing a bill booked against an LC where shipping guarantee is issued against the LC, the following events
are triggered:

• The event REVR is triggered at BC contract
• RVSC event is triggered at SG to reverse the cancellation of shipping guarantee (CANC) and
• RVSG event is triggered at LC to reverse the cancellation of shipping guarantee (CASG)

On authorization of the BC reversal contract, event RAVL (reversal of availment) is triggered at LC and limit calls happened from LC at the time of AVAL is reversed. As part of RVSG event authorization, limit calls that take place when the CASG event is triggered will be reversed.