2 Import LC Amendment
Import LC Amendment process enables the user to make an amendment to the LC which had been already issued.
The common amendments that are made to an Import LC are:
- Expiry date
- Latest Shipment Date
- Increase/Decrease in LC amount
- Tolerance percentage
- Confirmation instruction
- Available with bank
- Port of loading/discharge
- Goods quantity
- Related documents to be submitted
The amendments may need consent from the beneficiary of the amendment. In such scenarios, after the processing of amendment, the amended LC is parked awaiting beneficiary consent.
The user can also amend an Import LC in closed status. In the following sections, let’s look at the details for Import LC amendment process.
This topic contains following subtopics:
- Common Initiation Stage
This topic provides the systematic instructions to initiate the new Import LC Amendment request. - Registration
This topic provides the systematic instructions to initiate the Registration stage of import LC Amendment request. - Scrutiny
This topic provides the systematic instructions to initiate the Scrutiny stage of Import LC Amendment request. - Data Enrichment
This topic provides the systematic instructions to initiate the Data Enrichment stage of import lc amendment request. - Customer Response - Draft Confirmation
This topic helps you quickly get acquainted with the Customer Response - Draft Confirmation process. - Exceptions
This topic helps you quickly get acquainted with the Exceptions process. - Multi Level Approval
This topic helps you quickly get acquainted with the Multi Level Approval process. - Customer - Acknowledgement
This topic helps you quickly get acquainted with the Customer Acknowledgement process.