'Amending' is to make any kind of change to an Import L/C that do not require the consent of the beneficiary. These changes may include amount or validity changes, or changes to other terms and conditions. Any change made to the contract is assigned an amendment number and an appropriate message is sent to all parties.
The Amendment panel comprises all the fields contained in a SWIFT amendment message. Any changes made on the Amendment panel automatically update the corresponding field in the contract.
To Amend an existing open Import L/C contract, LITAME transaction is used.
Select it from the menu item[Import Products -> Import L/C -> Amendment -> Amendment].
When you have made your changes, click on the ( ) Save function to save all the the data entered in the transaction to the database.
Any fields that are changed in an amendment transaction (except the fields on the Amendment/ Amendment Dates panel itself) will be indicated by either red or green color if changed.
- Red color is used to indicate manual modification.
- Green color is used when the field is changed through an incoming electronic message.
- When the cursor is placed over the field (either modified manually or through incoming message), the old field content will be displayed as a hint.