Utilize Shipping Guarantee

Transaction SGTPAY

This transaction is used to process the utilization of a bill of lading guarantee, a relatively rare event in practice.

It involves debiting the principal or applicant with an amount equal to the recorded settlement amount and crediting this amount to the freight carrier. The utilization can be for an amount up to the maximum of the posted exposure.

Requirements

An existing Shipping Guarantee contract which is not closed.
There has to be an open guarantee aval amount (AVG).
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.

None

Updating/Storing of Amounts (CBS)

Liability (LIA)

The amount entered as the settlement amount is reversed from the liability.

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
Claim	Applicant	SGTAPL1
Payment of the Claim	Freight carrier	SGTROG3

Release

Signature required

Transaction Panels

Send and Settle
Liability
Settlement Details
Settlement
Bookings
Cash Cover
DTAEA Fields
DTALC Fields
Completion
Incoming Tag 72/79
Messages
Compliance
Attachments
Overview
Parties
Fee Conditions
DTAG Fields

Send and Settle

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
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
Open Amount	cf Appendix A, Table CBB field AMT
Opening Date	cf Appendix A, Table SGD field OPNDAT
Expiry Date	cf Appendix A, Table SGD field EXPDAT
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
Date of Receipt	cf Appendix A, Table SGD field RCVDAT
Document Amount to be settled	The document is reduced by the reduction amount.
Instructions Received from Applicant	cf Appendix A, Table SGT field APLINS
Close Contract	Checking this box closes the current contract.

Compliance

Overview

Datafields

Datafield	Description
Responsible User	cf Appendix A, Table SGD field OWNUSR
Order Date	cf Appendix A, Table SGD field ORDDAT
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
External Key	cf Appendix A, Table PTS field EXTKEY
Address Block	cf Appendix A, Table PTS field ADRBLK
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

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

Table of Contents

Utilize Shipping Guarantee

Transaction SGTPAY

Requirements