Book Creator

Remove this page from your book

Manage book (0 page(s))

Help

Liability Approval Release of Goods

Transaction LITROR

This transaction is used to create a liability approval for a release of goods or the issuance of a shipping guarantee under the Letter of Credit. The liability approval is for the amount of the documents.

Requirements

This transaction creates a liability approval for a release of goods.
If an existing document set is selected, this transaction is not allowed.
For incoming allNETT / RIVO messages see Overview of Incoming messages - allNETT / RIVO.

Transaction Control

Fees

Commissions

Results of this Transaction

This transaction creates an auto-registration for “Release of Goods”.

Diaries

For more information see TRNDIA Diaries.

None

Updating/Storing of Amounts (CBS)

Liability (LIA)

An Aval reserved liability is booked for the shipment amount.

Outgoing Correspondence

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	TCO	Comment
Liability Approval	Own	LITINT1

Release

Transaction Panels

Overview

Datafields

Datafield	Description
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
Own Reference	cf Appendix A, Table LID field OWNREF
Currency	cf Appendix A, Table CBB field CUR
Nominal L/C Amount	This field contains the nominal amount of the letter of credit. cf Appendix A, Table CBB field AMT
Additional Amount	If this box is checked, additional amounts are available under the contract and an additional panel is available to enter details.
Currency	cf Appendix A, Table CBB field CUR
Open Amount	This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT
Revolving Flag	cf Appendix A, Table LID field REVFLG
Authorized to Pay, Accept, Negotiate	This field indicates the bank authorized to pay, accept, negotiate or incur a deferred payment for the L/C.
Available by	cf Appendix A, Table LID field AVBBY
Red/Green Clause	cf Appendix A, Table LID field REDCLSFLG
Opening Date	cf Appendix A, Table LID field OPNDAT
Shipment Date	cf Appendix A, Table LID field SHPDAT
Date of Expiry	cf Appendix A, Table LID field EXPDAT
Place of Expiry	cf Appendix A, Table LID field EXPPLC
Form of Documentary Credit	cf Appendix A, Table LID field LCRTYP
Name	cf Appendix A, Table PTS field NAM
Reference for Address (Optional)	cf Appendix A, Table PTS field REF
Name	cf Appendix A, Table PTS field NAM
Reference for Address (Optional)	cf Appendix A, Table PTS field REF
Name	cf Appendix A, Table PTS field NAM
Reference for Address (Optional)	cf Appendix A, Table PTS field REF
Currency	cf Appendix A, Table CBB field CUR
Maximum Amount	cf Appendix A, Table CBB field AMT
Currency	cf Appendix A, Table CBB field CUR
Additional Amount	cf Appendix A, Table CBB field AMT

Overview

Datafields

Datafield	Description
Currency	cf Appendix A, Table CBB field CUR
Open Document Amount	This field contains the amount available under the letter of credit. cf Appendix A, Table CBB field AMT
Date of Receipt of Documents	cf Appendix A, Table BRD field RCVDAT
Date of Advice of Payment	cf Appendix A, Table BRD field ADVDAT
Usance, Sight or Mixed	cf Appendix A, Table BRD field DOCFLG
Document Set Status	cf Appendix A, Table BRD field DOCSTA

Discr./Instr.

Datafields

Datafield	Description
Discrepancies	cf Appendix A, Table BRT field DOCDIS
Discrepancies Modified	cf Appendix A, Table BRT field DOCDISFLG
Ignore Discrepancies	cf Appendix A, Table BRD field IGNDISFLG
Comments and Conclusions	cf Appendix A, Table BRT field COMCON
Settlement Instructions BR	cf Appendix A, Table BRT field SETINSBR
Copies in 1st Mail	This field contains the number of documents in figures to be sent with the first mail. If documents are to be sent with one mail only, insert the total number of each document in this column.
Copies in 2nd Mail	This field contains the number of documents to be sent by second mail (if any)
Document Description	This field contains the kind of document to be mentioned in the document specification. Either select a document from the selection list or enter the document manually.
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
Type of Advice Received	cf Appendix A, Table BRD field ADVTYP
Date to be Paid	cf Appendix A, Table BRD field TOTDAT
Date of Discrepancy Advice	cf Appendix A, Table BRD field DISDAT
Documents on Approval Basis	cf Appendix A, Table BRD field APPROVCOD

Shipping Details

Datafields

Datafield	Description
Release of Goods	cf Appendix A, Table BRD field RELGODFLG
Release Type	cf Appendix A, Table BRD field RELTYP
Request Date for Release of Goods	cf Appendix A, Table BRD field RELGODDAT
Expiry Date of Shipping Guarantee	cf Appendix A, Table BRD field EXPDAT
Transport Document Type	cf Appendix A, Table BRD field TRPDOCTYP
Transport Document Number	cf Appendix A, Table BRD field TRPDOCNUM
Date of Transport Document	cf Appendix A, Table BRD field TRADAT
Mode of Transport	cf Appendix A, Table BRD field TRAMOD
Vessel Name	cf Appendix A, Table BRT field VESNAM
Identification of Goods	cf Appendix A, Table BRT field ROGGOD
Place of Delivery	cf Appendix A, Table BRT field DELPLC
Port of Discharge	cf Appendix A, Table BRT field PORDIS
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
Release Goods to Applicant?	cf Appendix A, Table BRD field RTOAPLFLG
Release to Address	cf Appendix A, Table BRT field RELSTOADR

allNETT Fields

Datafields

Datafield	Description
Date of Transport Document	cf Appendix A, Table BRT field INC22032
Shipping Route	cf Appendix A, Table BRT field INC22033

Compliance

Advice of Discrepancy

Datafields

Datafield	Description
Currency	cf Appendix A, Table CBB field CUR
Charges Deducted	cf Appendix A, Table BRT field CHADED
Charges Added	cf Appendix A, Table BRT field CHAADD
Currency of Total Amount to be Paid	cf Appendix A, Table BRD field TOTCUR
Total Amount to be Paid	cf Appendix A, Table BRD field TOTAMT
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

Advice of Payment

Datafields

Datafield	Description
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
Narrative (TAG 77A of MT754)	cf Appendix A, Table BRT field NARTXT77A
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

Documentation - DOKA-NG (Functional availability is per selected plan)

Table of Contents

Liability Approval Release of Goods

Transaction LITROR

Requirements