While in the detailed view of the LC, click unlock icon on the toolbar. All the details entered for the LC will be displayed. You can amend the details of the contract depending on whether:

• The LC has been authorized.
• The LC has not been authorized even once after it was input.

Depending on the authorization status of an LC contract, you can amend its details as follows:

• When you have captured the details of a contract and it is not yet authorized, its attributes, financial as well as non-financial, can be changed, even if the details have been saved. If accounting entries are involved in the change, the old entries are deleted and new ones passed.
• Once a contract has been authorized, additional entries will be passed, depending on the nature of amendment.

For each amendment, a new version of the LC will be generated. Different versions of the LC will also be generated by events like reinstatement and reopening. In the ‘Contract Detailed View’ screen, you can view the different versions by clicking the arrow buttons for the previous and the next versions.

When a customer requests for changes in the terms of the contract, the details of the LC are amended accordingly and an amendment instrument is generated. The amendment of the following details of an LC, result in the generation of an amendment instrument:

• An amendment in the LC amount
• An amendment in the expiry date
• A change in the latest shipment date
• Any change to the free format instructions for the LC

If there are changes in the terms of the LC other than IN the amount, the expiry date or latest shipment date, indicate the same in the form of a free format instruction, for the amendment instrument. In case of amendment, you have the option to reissue the Guarantee. If you choose to do so, the REIS (Reissue of Guarantee) event will be triggered. The system checks for any previous amendment. In case no amendment has been performed, the system will pop up the following screen:

Click on OK to reissue the Guarantee or click on Cancel to process the amendment of Guarantee.

The system checks if REIS event is maintained for the product. If the event is maintained, the system does not allow any further change in the LC contract details apart from FFT fields, which can be modified/added but you cannot
delete the existing data.

The system creates a new version for the Reissue event and the event inherits all the contract information defined
for the authorized BISS event. The version also inherits the information from the subsystem excluding Charges and
Commission. No commission is associated with the Reissue event and charges can be maintained for the REIS
event, which is processed along with the reissue event.

When the Reissue event is authorized, the advices maintained in the REIS event are processed.

This topic includes the following sections:

1. Indicate Change of Value for a Field
2. Commission and Charges for Amendment
3. Amend Import Pre-advice LC Contract
4. Confirm LC Amendment