When the exporter is awaiting for the Original LC that is not advised and also need to know that their Bank is willing to confirm the LC at the time of advising the Credit. The Banks will Reserve those LCs in the system for the future record purpose which is referred as 'Reserving an Export L/C'.
This reserving is also used to reserve reference numbers for the future contracts. If the checkbox “Reserved Contract” is checked, a reference number reservation is concerned. In case the checkbox is unchecked, a real contract is at hand.
Using a reference number reservation enables the user to provide a reference number for the customer quickly.
To Reserve an export L/C, LETRSV transaction is used. This transaction creates a new Export L/C contract.
Select it from the menu item[Export Products -> Export L/C -> Main -> Reserve Export L/C].
(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.
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