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Opening a Shipping Guarantee
Transaction SGTOPN
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.
Requirements
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.
Transaction Control
Fees
Commissions
Results of this Transaction
Diaries
For more information see TRNDIA Diaries.
Updating/Storing of Amounts (CBS)
The amount of the shipping guarantee is saved.
Liability (LIA)
For the amount of the shipping guarantee, a guarantee aval (AVG) is posted in the exposure of the applicant.
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 | SWIFT Score | TCO | DTA/DTE | Bolero | Comment |
|---|---|---|---|---|---|---|---|---|
| Release advice | Applicant | SGTAPL1 | 799 | |||||
| Reply commitment letter | Applicant | SGTAPL3 | 799 | |||||
| Shipping guarantee | Freight carrier | SGTROG2 |
Release
Signature required
Transaction Panels
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
Overview
Datafields
| 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 |
Parties
Datafields
| Datafield | Description |
|---|---|
| Release to Applicant | cf Appendix A, Table SGD field RTODREFLG |
| Release to Address | cf Appendix A, Table SGT field RELADR |
Compliance
DTAG Fields
