Export letter of credit/import collection (form)

Article
05/05/2014

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Sales and marketing > Common > Sales orders > All sales orders. Click the Manage tab, and then click Letter of credit.

-or-

Click Cash and bank management > Common > Letters of credit > Export letter of credit/import collection. Click Edit or double-click a letter of credit.

Use this form to enter letter of credit details for a sales order.

Note

This form is only available if you have selected the Enable export letter of credit check box in the General ledger parameters form and if you have selected Letter of credit as the Bank document type for the sales order.

Task that uses this form

Key tasks: Letter of credit for the export of goods

Navigating the form

The following tables provide descriptions for the controls in this form.

Tab

Tab	Description
General	View or modify the letter of credit details for a sales order.

Buttons

Button	Description
Issue bank document	Issue a letter of credit after the letter of credit information has been entered.
Print details	Print the letter of credit details.
Fetch sales order shipments	Retrieve shipment transaction lines.

Fields on the General FastTab

Field	Description
Order number	The sales order number.
Bank document type	The bank document type. Letter of credit displays as the default value.
Sales person	The salesperson who is associated with the letter of credit sales order. Note You can select the salesperson in the sales order.
Amendment number	The letter of credit amendment version number.
Bank document number	Enter the credit document number.
Expiration date	Select or enter the expiration date and time for the letter of credit.
Status	The current status of the letter of credit. The status is set to one of the following options: Prepared – The letter of credit has been created and prepared. Issued – The letter of credit has been issued. Under payment – The letter of credit is awaiting payment. Closed – The letter of credit has been closed.
LC / IC Amount	The total letter of credit or import collection amount.
Currency	The currency code for the letter of credit.
Balance amount	The balance amount that is owed on the letter of credit.

Fields on the Lines FastTab

Field	Description
Shipment number	The shipment number.
Amount	Enter the monetary shipment value.
Actual maturity date	Select or enter the actual maturity date for the shipment.
Shipment status	The shipment status.
Documents submitted	Select Yes or No to indicate whether the documents have been submitted.

Fields on the Bank document FastTab

Field	Description
Documentary credit type	Select Irrevocable or Revocable for the documentary credit type.
Documentary credit nature	Select Non transferable, Transferable, or Revolving for the documentary credit nature.
Customer account	Select the customer account number.
Beneficiary	Enter the beneficiary name if it is different from the customer name.
LC / IC Amount	The total letter of credit or import collection amount.
LC tolerance amount	Enter the letter of credit tolerance amount.
Tolerance percentage	Enter the letter of credit tolerance percentage.
Tolerance type	Select Blank, Plus, Minus, or Plus/Minus for the tolerance type.
Currency	The currency code for the letter of credit.
Expiration date	Select or enter the expiration date and time for the letter of credit.
Date of maturity	Select or enter the maturity date for the letter of credit.
Place of expiration	Enter the place of expiration for the letter of credit.

Fields on the Bank details FastTab

Field	Description
Issuing bank	Select the bank that issued the letter of credit.
Date of issue	Select the date when the letter of credit was issued.
Advising bank	Select the advising bank for the customer.
SWIFT code	Enter the Society for Worldwide Interbank Financial Telecommunication (SWIFT) code.
Advising bank notice number	Enter the advising bank notice number.
Notice date	Select or enter the notice date and time.

Fields on the Terms FastTab

Field	Description
Transshipment	Select Not allowed or Allowed to indicate whether transshipment is allowed by the letter of credit.
Partial shipment	Select Not allowed or Allowed to indicate whether partial shipment is allowed by the letter of credit.
Port of loading	Enter the name of the port where the goods are loaded.
Latest shipment date	Select or enter the latest shipment date and time.
Destination port	Enter the destination port details.
Description of goods	Enter a description of the goods.
Incoterms	Select international commerce terms (incoterms) for credit from the following options: Blank FOB CFR CIF C&F Ex-factory Others
Documents required	Enter the documents that are required by the letter of credit.
Special instructions	Enter any special instructions for the letter of credit.
Bank charges	Specify Blank, Beneficiary, Applicant, or Both as the bearer of bank charges.
Draft	Select At sight or Acceptance to specify whether the draft can be issued at sight or upon acceptance of shipment documents.
Deferred days	Enter the number of deferred days that the buyer has to make the payment.
Period of presentation	Enter the number of days within which the beneficiary can submit the documents to the bank.
Confirmation instruction	Select whether the credit should be Unconfirmed or Confirmed.
Additional information for issuing bank	Enter any additional information for the issuing bank.