This transaction is used to issue a Shipping Guarantee to the freight carrier.
The bank issues a Shipping Guarantee on behalf of the importer in favour of the freight carrier / shipping company in case the merchandise shipped by sea arrives at its destination earlier than the documents. Early receipt of the goods means that the importer saves storage costs; in return, however, the importer commits to take up the documents as soon as they arrive.
Shipping Guarantees may be issued in connection with an import L/C, sets of documents under an import L/C but also on a stand-alone basis. A dedicated selection transaction “Display a Shipping Guarantee” is available for non-linked shipping guarantees.
For handling shipping guarantees in connection with an L/C or sets of documents, the transaction “Opening a Shipping Guarantee” can be started from the menu. The data selected here is copied to the opening transaction.
This transaction creates a new Shipping Guarantee contract.
If an existing Shipping Guarantee transaction is used, it must be opened or closed.
Not allowed when Import L/C Document Set contract taken up.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.
For more information see TRNDIA Diaries.
The amount of the shipping guarantee is saved.
For the amount of the shipping guarantee, a guarantee aval (AVG) is posted in the exposure of the applicant.
Details on creation of messages can be found under DOCEOT Messages. For outgoing allNETT / RIVO messages see Overview of Outgoing messages - allNETT / RIVO.
Name of Message | Receiver | Message ID | SWIFT | SWIFT Score | TCO | DTA/DTE | Bolero | Comment |
---|---|---|---|---|---|---|---|---|
Release advice | Applicant | SGTAPL1 | 799 | |||||
Reply commitment letter | Applicant | SGTAPL3 | 799 | |||||
Shipping guarantee | Freight carrier | SGTROG2 |
Signature required
Overview
Parties
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Fee Conditions
DTAG Fields
Datafield | Description |
---|---|
Reference | cf Appendix A, Table SGD field OWNREF |
Own Reference | cf Appendix A, Table LID field OWNREF |
Own Reference | This field contains the reference number of the subcontract created for the respective set of documents presented under the letter of credit. cf Appendix A, Table BRD field OWNREF |
Responsible User | cf Appendix A, Table SGD field OWNUSR |
Currency | cf Appendix A, Table CBB field CUR |
Maximum Amount | cf Appendix A, Table CBB field AMT |
Order Date | cf Appendix A, Table SGD field ORDDAT |
Opening Date | cf Appendix A, Table SGD field OPNDAT |
Expiry Date | cf Appendix A, Table SGD field EXPDAT |
Release of Goods | cf Appendix A, Table SGD field RELGODFLG |
Transport Document Type | cf Appendix A, Table SGD field TRPDOCTYP |
Transport Document Number | cf Appendix A, Table SGD field TRPDOCNUM |
Date of Transport Document | cf Appendix A, Table SGD field TRADAT |
Mode of Transport | cf Appendix A, Table SGD field TRAMOD |
Name of Vessel | cf Appendix A, Table SGT field VESSELNAM |
Shipment from | cf Appendix A, Table SGD field SHPFRO |
For Transportation to | cf Appendix A, Table SGD field SHPTO |
Reserved Contract | cf Appendix A, Table SGD field RESFLG |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
External Key | cf Appendix A, Table PTS field EXTKEY |
Address Block | cf Appendix A, Table PTS field ADRBLK |
Reference for Address (Optional) | cf Appendix A, Table PTS field REF |
Covered Goods | cf Appendix A, Table SGT field COVGOD |
Datafield | Description |
---|---|
Release to Applicant | cf Appendix A, Table SGD field RTODREFLG |
Release to Address | cf Appendix A, Table SGT field RELADR |