This topic provides the systematic instruction to Specify Shipping for an Islamic LC.

1. On the Islamic LC Contract Input screen, click Shipment.

   Islamic LC Contract Input with Shipment details

   Figure 4-8 Shipment

   
   
   Description of "Figure 4-8 Shipment"
   
2. On the Shipment tab, specify the details as required.
   For information on fields, refer to the field description table below:

   Table 4-15 Shipment - Field Description

   Field	Description
   Specify Shipment Details for an Islamic LC There are certain standard clauses and conditions, associated with the shipment of the merchandise traded under an Islamic LC. You can specify the following shipping details for an Islamic LC that you process.
   Partial Shipment Allowed	Check this option if partial shipment of the goods is allowed under the LC.
   Trans Shipment Allowed	Check this option if Trans-shipment is allowed under the LC
   From	The location from which the goods transacted under the LC should be shipped. In international trading parlance, this is called the Loading on board/Dispatch/Taking in charge at/from.
   To	The destination to which the goods transacted under the LC should be sent. In international trading parlance, this is called the ‘For transportation’ to. to. ‘Shipment From’ and ‘Shipment To’ are linked to the tags 44A and 44 B respectively. These tags are applicable to the following message types: MT700 MT705 MT707 MT710 MT720 Note: Specifying the ‘Shipment From’ and ‘Shipment To’ is optional.
   Shipment Days	Specify the number of shipment days. If you enter the shipment days and leave the field ‘Latest Shipment Date’ blank, on saving the contract, the system calculates the latest shipment date based on the number of shipment days and the effective date. However, if you specify the latest shipment date, the system ignores the shipment days specified here. Instead, it recalculates the shipment days based on the latest shipment date and the effective date.
   Latest Shipment Date	Specify the latest shipment date Besides these details, you can also specify shipping preferences like: Should Trans-shipment be allowed under the Islamic LC Should partial shipment of the goods be allowed under the Islamic LC Shipping marks Additional shipment details
   Shipping Company	Indicates the name of the shipping company
   Carrier/Vessel	Indicates Carrier / Vessel Name
   Port of Loading	Specify the name of the airport from where the goods transacted under the Islamic LC are loaded for shipping.
   Port of Discharge	Specify the name of the destination port to which the goods transacted under Islamic LC should be sent. Note: Port of Loading and ‘Port of Discharge’ are linked to the 44E and 44F tags respectively. These tags are applicable to the following message types: MT700 MT705 MT707 MT710 MT720 It is not mandatory to specify the Port of Loading or Port of Discharge.

3. On the Islamic LC Contract Input screen, click Goods.
   You can also specify Preferences for the shipment of goods in the Goods tab

   Islamic LC Contract Input with Goods details

   Figure 4-9 Islamic LC Contract Input - Goods

   
   
   Description of "Figure 4-9 Islamic LC Contract Input - Goods"
   
4. On the Goods tab, specify the details as required.
   For information on fields, refer to the field description table below:

   Table 4-16 Goods - Field Description

   Field	Description
   Goods Code	Select the Goods code from the list provided.
   Goods Description	The system displays the description of the Goods.
   Number of Units	The system displays the number of units.
   Price Per Unit	The system displays the price per unit.
   Available Units	The system displays the available units of the goods.

5. On the Islamic LC Contract Input screen, click Documents.
   You can specify the documents that should accompany the goods in the ‘Documents’ tab. Click ‘Documents’ tab to specify details documents and clauses that are part of the Islamic LC instrument.
   Islamic LC Contract Input - Documents screen is displayed.

   Figure 4-10 Islamic LC Contract Input - Documents

   
   
   Description of "Figure 4-10 Islamic LC Contract Input - Documents"
   
6. On the Documents tab, specify the details as required.
   There are some standard documents required under a documentary Islamic LC. In this screen you can specify the documents that are required under the Islamic LC being processed.

   These details is a part of the Islamic LC instrument sent to the advising bank, the advice through bank or the beneficiary. All the documents specified for the product to which the Islamic LC is linked is defaulted to this screen.

   For information on fields, refer to the field description table below:

   Table 4-17 Documents - Field Description

   Field	Description
   Product Code	This is a Mandatory Field Enter the document code.
   Type	Enter the document type.
   Description	Enter the document description of the document that is defaulted to suit the LC you are processing. This field is enabled only if the LC type is ‘Shipping Guarantee’, but not mandatory. During copy operation, the value of this field will not be copied to the new contract.
   Document Reference	Enter the document reference number based on which the Shipping Guarantee issued.
   Document Date	Specify the Document Date. Document date should be less than or equal to issue date.
   Copy	Enter the number of copies of the document.
   Originals	Enter the number of Original documents here.
   Original Required	Enter the receipt details here. You can add to or delete from the list of documents that are defaulted. To add a document for the Islamic LC, click on add and then on option list positioned next to the Document Code field. Select the code of the appropriate document from the list of document codes maintained in the Documents Maintenance screen. The other details of the document is defaulted to this screen. To delete a document that is not required for the Islamic LC, highlight the document code and click on the delete on the screen.
   Specifying the Document Reference	For Shipping Guarantee type of Islamic LCs, you can specify the document reference based on which the Shipping Guarantee is issued in the ‘Doc reference’ field. This field is enabled only if the Islamic LC type is ‘Shipping Guarantee’. However it is not mandatory to enter the document reference for ‘Shipping Guarantee’ contracts. Documents captured for a shipping guarantee contract, can exist with or without document reference. During copy operation, the value of this field will not be copied to the new contract.
   Specify Clauses for a Document	In addition to the other details, the clauses specified for a document while defining the product, are also defaulted to this screen. When you highlight a document code, all the clauses defined for the document are displayed in the Clauses window. You can add to or delete from, the list of clauses that are defaulted. To add a clause to a document for the Islamic LC, click add. Then, click on option list positioned next to the Clause Code field. Select the code of the applicable clause from the list of clause codes maintained, in the ‘Clause Maintenance’ screen. The description of the clause is defaulted, based on the clause code that you select. To delete a clause that is not required for the Islamic LC, highlight the Clause code and click on the delete.

7. On the Islamic LC Contract Input details screen, click Tracers.
   Tracers are reminders that is sent to various parties involved in an Islamic LC. The list of tracers that you can send for an Islamic LC is predefined (hard coded in the system) and is classified into the following types:

   • The acknowledgment tracer (sent to the advising bank when an import Islamic LC is issued and an acknowledgment is sought)
   • The charge-commission tracer (sent to the party who has to bear the commission or charges for an Islamic LC, pending the payment of the charge or commission)
   • The confirmation tracer (sent to the confirming bank, seeking a letter of confirmation)
   Islamic LC Contract Input with Tracers details is displayed.

   Figure 4-11 Islamic LC Contract Input with Tracers

   
   
   Description of "Figure 4-11 Islamic LC Contract Input with Tracers"
   
8. On Tracers tab, specify the details as required.
   For information on fields, refer to the field description table below:

   Table 4-18 Tracers - Field Description

   Field	Description
   Specifying Tracer Details	For the tracer code that is highlighted, the details are defaulted from the product and is changed to suit the Islamic LC you are processing. Besides the Tracer Code, the following details is displayed: Description of the tracer Party to which the tracer is to be sent Number of tracers sent thus far, to the party Date on which the tracer was last sent to the party
   Maximum Tracers	You can specify the maximum number of tracers that should be sent for the Islamic LC. The value is defaulted from the product under which you are processing the Islamic LC.
   Start Days	The tracers that you specify for an Islamic LC is generated only after it has been authorized. Specify the default number of days that should elapse after an Islamic LC has been authorized, on which the first tracer should be sent. By default, the first tracer for an authorized Islamic LC contract is sent, after the number of days prescribed for the product under which it is processed.
   Frequency	You can specify the frequency (in days) with which the tracer should be re-sent, for the Islamic LC you are processing.
   Last Sent On	You can stop the generation of a tracer at any point during the life cycle of an Islamic LC contract. For instance, you had specified that an acknowledgment tracer is to be generated for a contract. When you receive the acknowledgment from the concerned party, you can disable its generation. At a later stage when you wish to generate the tracer again, you only need to enable it for the Islamic LC by using this facility.
   Medium	If you have specified that tracers should be generated for an Islamic LC, you should also specify the medium through which it is to be generated. A tracer for an Islamic LC is sent through Mail, Telex or other compatible media.
   Template ID	Specify the template ID for the SWIFT message type. If the medium is SWIFT, then the system will generate the tracers in the SWIFT MT799 format based on the template ID mentioned at the Islamic LC Contract level for populating the tag 79.