The imported goods are under the control of mainly three parties; The customs department of importing country, the carrier of goods and the custodian of cargo. The imported goods at customs bonded area at final destination of importing country is released with the permission of all the three parties only. The customs department issues release order after completion of import customs formalities of importing country. The carrier of cargo (if consolidator involved, both carriers) issues “Delivery Order” after obtaining their dues under the said consignment. The custodian of cargo delivers imported goods to consignee or their order to another party after obtaining custodian charges.

The system supports two ways of dealing with the release of goods:

• Releasing goods that have been addressed directly to the bank (e.g. release under an air waybill, B/L Endorsement, CMR or FCR). 
• Shipping guarantee.

Goods are mostly consigned to the bank of the importer. In order for these shipments to be delivered to the importer/buyer, the bank accordingly releases them to the forwarder/carrier.

Shipping Guarantee means a facility where the Bank indemnifies and guarantees the shipping company for the release of goods to the Account Holder without the presentation of the original bill of lading.

Releasing the goods saves the importer demurrage and storage costs, while obliging the importer to accept the documents as soon as they are presented.

Process of Releasing Goods:

1. The importer applies to the bank for the release of the goods and pledges to accept the documents whether or not there are discrepancies.
2. The bank issues a release letter/shipping guarantee to the carrier.
3. Once the original document set is received, the document amount is debited to the importer's account. If a shipping guarantee has been issued, it will be substituted for the original bill of lading.
4. Upon receipt of the original, the bank reduces the liability booking accordingly an closes the shipping guarantee.

To release goods without making any reference to an existing Import L/C or to the receipt of documents , LITROG transaction is used.  

Select it from the menu item[Import Products -> Import L/C -> Main -> Release of Goods].

(Users can directly start this transaction by clicking the  (Launch transaction ) available in the Panel headline without having to select the relevant menu ) 

When you have made your changes, click on the ( )  Save function to save all the the data entered in the transaction to the database.