Letters of credit (LC) often do not work out as planned, and this is usually because the documents provided in support of a claim under the letter of credit do not meet the conditions (and so become a “Discrepant letter of credit”).
A common reason for failing to meet conditions when manufactured goods are involved is late shipment, but mathematical errors, small differences between documents that should match, spelling mistakes – even sometime errors of punctuation – have been known to result in a letter of credit being treated as discrepant.
There is a possibility for a Beneficiary to submit the document sets discrepant on first presentation and later with the corrected documents. Reasons for a correction can be the receipt of additional / corrected documents from the beneficiary or in case input errors of previous transactions that need to be corrected in further transactions.
The user can use transaction BETDRV in the system to correct the details of a document set presented by the Beneficiary.
This transaction is allowed in the system to process several times until the documents were not presented to the Applicant / Issuing bank and this is controlled through presentation date.
Select it from the menu item[Export Products -> Export L/C -> Documents -> Correct Drawing].
When you have made your changes, click on the ( ) Save function to save all the the data entered in the transaction to the database.