1. Letter of Credit User Guide
  2. Amend Details of LC
  3. Amend details using the Contract

6.4 Amend details using the Contract

You can unlock the LC contract screen after clicking ‘OK’ in the message window above. The LC contract online screen is used for modifying details after confirmation of the amendment action. The system creates an amendment on the LC once the proposed amendment is confirmed. When this amendment is created the confirmation and amendment events are both left in an unauthorized state. This allows unlocking of the LC contract to make the necessary amendments.

Once the confirmation is saved on the amendment screen, the LC contract online screen is launched with the data modified, and this can be unlocked and modified, or closed as chosen by the user. These changes are directly made by launching the LC contract screen. However the amendment can only be deleted by using the amendment screen as described above

The following LC contract screen is launched when the amendment is confirmed in the LC amendment confirmation input screen.

Figure 6-24 Letters of Credit Contract Detailed


Description of Figure 6-24 follows
Description of "Figure 6-24 Letters of Credit Contract Detailed"

The amendment cannot be deleted using the LC contract screen, and can only be deleted using the amendment screen as part of the confirmation. This is done by deleting the confirmation using the amendment screen.
Hence the process is carried out as follows:
  1. The amendment is confirmed using the LC Credit Amendment confirmation screen. It is completed by clicking ‘C’ and saving the confirmation.
  2. The LC contract screen is launched once the confirmation is saved. This screen contains the details of the amendments done in the confirmation input screen.
  3. This screen is unlocked and the details are made available for modification. Subsystem details like charges and commission can be modified or waived as required
During an auto authorization of Amendment Confirmation, the amendment created by this confirmation is also authorized.

Note:

When the LC Amount is amended from ‘LC Amendment’ screen, the values mentioned in ‘Confirmation Percent’ at the contract level are considered for confirming the amended amount.
However, you can amend the Confirmation Percent/Confirmation Amount at the contract level.

Parent topic: Amend Details of LC