With the Import LC of PrismERP, user can control the type of LC tolerance, Margin, Buyer, Supplier as well as the Date controlling (i.e. expired date, shipment expired date), CNF(Cost & Freight) agent, Currency, advising bank, applicant bank etc. LC can be created from multiple proforma or indent. PrismERP can manage LC related all expenses like bank charge, insurance cover note, margin charge etc.
LC Type: Type of LC whether Local, foreign, EPZ etc.
LC No: LC Number generated for tracking in the system
Supplier: Name of the supplier company
Buyer: Name of the Buyer
Indent Agent: Name of the Indenter or Agent through which Import LC will occur (optional)
Applicant Bank Name: Name of the Bank of the applicant (importer)
LC Product Type: Type of LC product
LC Tolerance: Percentage amount of Loan value which the bank will provide to the importer
Margin: Marginal Value
Branch: Assigning Branch
Opening, Expiry & Shipment Expiry Date: Providing all the dates in the box
Advising Bank: Bank name of the Buyer/Exporter
Payment Terms: Terms & Condition provided for payment whether in time draft or other ways
Tenor (Days): Tentative days of Shipping Goods
Partial Shipment: Breakdown of Shipment of products (Optional) (Allowed or Not Allowed)
Transhipment: person or agent under which shipment is done (optional)
Currency: Currency under which LC is performing
CNF: Clear & Forwarding Agent
Item information describes the indent filter (Proforma) and selecting the indent & PI number ( Note there is an add option below the number and after providing the number, click on the add button to select the PI number so that the information is shown in the product information window)
Product information window is the place where you will be the name of the product, description , LC Unit, Quantity, Total LC cost
LIST PAGE VIEW OF IMPORT LC:
After accepting Commercial Invoice, an import invoice will be generated like purchase order with proper accounting. When products are in house, a delivery entry can be created from this invoice to update the inventory. Also LC can be settled from import invoice.