27 Initiate Islamic Shipping Guarantee

This topic provides the systematic instructions to initiate an Shipping Guarantee in the application.

Pre-requisites

User must be having a valid corporate login credentials to get into the system. This will be under a maker – approver system, or as per user’s access. User must be having a sanctioned limit /credit available for his perusal.

  1. Perform anyone of the following navigation to access the Initiate Letter of Credit screen.
    • From the Dashboard, click Menu, then click Trade Finance, and then click Shipping Guarantee. Under Shipping Guarantee, select Initiate Shipping Guarantee - Islamic.
    • From the Dashboard, click Overview, in Overview screen go to Quick Links and then Shipping Guarantee.
    The Initiate Shipping Guarantee screen appears.

    Description of initiate-shipping-guarantee.png follows
    Description of the illustration initiate-shipping-guarantee.png

    For more information refer to the field description table below:

    Table 27-1 Initiate Islamic Shipping Guarantee - Field Description

    Field Name Description
    Party Name Displays the name of the applicant.
    Party ID Displays the party Id of the LC product is displayed in a masked format.
    Search Specify the name of the Shipping Guarantee template to search and view its details.

    Partial search is allowed.
    Initiate Letter of Credit Template Card The Initiate Letter of Credit template card displays the name of the Initiate Letter of Credit template along with the other details like date of update, name of the beneficiary, type of LC, LC amount and draft at.
    Initiate Letter of Credit Template Card Details Following details are displayed on each Letter of Credit Template card.
    Template Name Displays the name using which template is stored and can be used to initiate a LC application.
    Access Type Displays the access type assigned to the LC, that is Private or Public.
    Beneficiary Name Displays the beneficiary’s name against whom LC is to be created.
    Type Displays the corresponding LC product type and as supported by Host.
    LC Amount Displays the amount of LC.
    Draft at Displays the LC draft type i.e. 'Sight' or 'Usance'.
  2. Select and click the Letter of Credit template card whose details you want to view.
  3. Specify the name of the specific Letter of Credit Template in the Search field whose details you want to view.
    The specific Letter of Credit Template detail record appears.
  4. Perform one of the following actions:
    • Click Initiate LC to create a new Letter of Credit template.
    • Click Summarized View or Tabular to view the initiate LC template as Summarized or Tabular view
    • Click Delete to delete the initiated LC template card.
    Initiate LC Template - Tabular View

    The Initiating LC Template - Tabular View allows the corporate user to view the LC Template in table format.

    To view the Initiate Letter of Credit in tabular form:

  5. In the Initiate Letter of Credit - Summary page, click Tabular to view the initiate LC template as Tabular view.
    The Initiate Letter of Credit tabular view page appears.

    Figure 27-1 Initiate Letter of Credit tabular view


    Description of Figure 27-1 follows
    Description of "Figure 27-1 Initiate Letter of Credit tabular view"