Transfer Details

Introduction

Corporate User can input the transfer details of the LC in this section.

Navigation

• Select Transfer Details in Request LC Transfer screen.

• The Transfer Details screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions that can be performed:

Field

Description

COMMON DETAILS

Debit Transfer Charges From

Mandatory

Drop-down

Select the account from which the charges for transfer should be debited. The list of operative accounts is displayed for user selection.

Total Amount of transfer

The total amount of transfer, which is required when more than one transferee are added.

ADD ENTRY DETAILS

Transferee Name

Mandatory

Alphanumeric/ 80

Enter or Select the name of the transferee.

The Look Up lets user to select transferee from the list of personal payees available for the corporate. More than one transferee can be added for a LC using ‘Add New Entry’ option.

TRANSFEREE ADDRESS

Address (Line 1-3)

Optional

Enter the address of the transferee.

Alphanumeric / 240

Note:

Each address line can hold 80 characters and Address 1 is a mandatory field.

City & Zip

Mandatory

Alphanumeric / 50 / 9

Enter the City and Zip code details as part of the address of the transferee.

State

Mandatory

Alphanumeric / 5

Enter or select the state code from the look up for the transferee’s address.

Country

Mandatory

Alphanumeric / 5

Enter or select the country code from the look up for the transferee’s address.

Advising Bank or Advise Through Bank Name

Optional

Alphanumeric / 105

Enter or select the transferee’s bank.

Bank Branch

Optional

Alphanumeric / 30

Enter the transferee’s branch.

Bank Address (Line 1-3)

Optional

Alphanumeric / 240

Enter the transferee’s branch address.

Bank City

Optional

Alphanumeric / 50

Enter the transferee’s branch city.

Bank State

Optional

Alphanumeric / 5

Enter or select the transferee’s branch state code.

Zip code

Optional

Alphanumeric / 9

Enter the transferee’s branch zip code.

Bank Country

Optional

Alphanumeric / 5

Enter or select the transferee’s branch country code.

Transfer Currency/Amount

Mandatory

Amount / 18(3)

Enter the amount of LC to be transferred. The currency is defaulted based on LC currency.

Negotiation Period

Mandatory

Amount / 3

Enter the number of days for LC negotiation.

Expiry Date

Mandatory

Date

Enter the expiry date which cannot be greater than original LC expiry date.

Latest Shipment Date

Mandatory

Date

Enter the latest shipment date which cannot be greater  than original latest shipment date for the LC.

Insurance Percentage

Mandatory

Alphanumeric

Enter the percentage of insurance to be transferred.

Charges Borne by

Mandatory

Drop-down

Select the source for charges for the transfer.

Valid Values:

Select (Default)

Assignee

Our

Substitute Documents

Mandatory

Select Yes to indicate that the transferred LC details are to be substituted for the original beneficiary of the LC.

Option Button

Yes

No