BBP Document

Contents
As is document...........................................................................................................................................3
1.Introduction-............................................................................................................................................3
2.Master Data Setting-................................................................................................................................3
3.Letter of credit master settings-.............................................................................................................4
4.Process flow-...........................................................................................................................................5
5.Document set-.........................................................................................................................................6
6. Clubbing/change/Display BOE-...............................................................................................................7
7. Clubbing/splitting(create/change/display) sales order/delivery/proforma/billing document-.............7
8. Advance payment- FIRC (create/change/display/print)-.......................................................................8
9. CHA Charges (create/change/display)-..................................................................................................8
10. Duty Drawback Module-.......................................................................................................................8
11. Letter of Credit-.....................................................................................................................................8
12. Container tracking-................................................................................................................................9
13. Export packing credit (EPC)-...............................................................................................................10
14. Export Credit guarantee corporation of india (ECGC)-.......................................................................10
15. Credit limit-............................................................................................................................................11
16. Forex-....................................................................................................................................................11
To be Document-.......................................................................................................................................12
17. Introduction-........................................................................................................................................12
18. Authorization-......................................................................................................................................12
19. Maintain Scheme master (Edit/ Deactivate).......................................................................................13
20. SION standard input output norms (creation/ Edit / Display)............................................................14
21. Create / Edit / Display License-............................................................................................................15
21.1 ANF Aayat niryat forms-.....................................................................................................................16
21.2 Approval of License-..........................................................................................................................16
21.3 Process for creating a license-..........................................................................................................16
21.4 Export utilization-..............................................................................................................................16
22. Letter of credit- (Create/ Edit/ Display)...............................................................................................16
22.1 Amendment of LOC-...........................................................................................................................17
22.2 letter of credit for export-.................................................................................................................18
22.2. Export letter of credit utilization-....................................................................................................19
23. Document set-.....................................................................................................................................19
24. Process management-........................................................................................................................20
25. Shipping bill- (create/ edit/ display/ delete)........................................................................................21
25.1 Shipper’s letter of instruction (Create/ Edit / Display)......................................................................22
25.2 Certificate of origin (Create/ edit/ display)-......................................................................................22
25.3 Exchange control declaration form (GR Form) (create /edit/display).............................................22
25.4 Packing list (Create/ edit/ display/ delete)-.......................................................................................23
25.6 Export value declaration (Annexure A, C and C1)- create/edit/display/delete-...............................23
25.7 Bill of lading (create/edit/display)-....................................................................................................24
25.8- Bank realization certificate (create/edit/display)-...........................................................................24
25.9 Statutory declaration forms (SD forms) (create/edit/display)-.......................................................25
25.10 Bill of exchange (create/edit/display)-............................................................................................25
25.11 Covering letter (create/edit/display)-..............................................................................................26
As is document

1.Introduction-
The main purpose of this document is to map the current Export sales process in R/3 , which is
running in optisuite now. What export process is currently running starting from Contract, and
further proceding documents i.e sales order, delivery, proforma invoice, Billing and the other
supportive document as Document sets which comes/ attached at the different different phases of
the process will be maped in R/3. Currently Galaxy is having a parallel system to R/3 that is Optisuite,
at any phase of processing either order/delivery/proforma invoice or billing if they have to add some
export required business or legal document then they have to go to Optisuite system and they have
to attaché those form there, since the current R/3 system is not supportive for those forms.

So, now SAP R/3 has come with the solution of these problems and it has released some
notes, after implementing of this note clients will be able to do the same transactions or can create
the export required documents in R/3 itself. Here I am going to describe the steps by which the
current business system can be mapped in R/3 from Optisuites.

User Customization- To access the implementation guide in R/3 for user setting in customization-

Menu path Easy access- tools-customizing-IMG-spro.

Transaction spro

2.Master Data Setting-

This segment defines user application setting which are required for running the transaction.

Code Type-

Code type is used to identify the data and are grouped together under different heads.

Code Master-

Export module and their descriptions are maintained here in the code master.

i.e- code type Description

Pack Large

Pack Small

Pack Boxes etc.

Exporter details- Here we maintain mainly RBI Code and IEC Code of Exporter in combination of
Company code.
Name and address of the Exporter-

Here we maintain the name and address of the exporter.

JDGFT Description-

Here user maintains DGFT (Directorate General of Foreign Trade) details.

PDF Download-

Here user download the pre-shipment and post-shipment document and define the path where to
save the downloaded pdf documents.

3.Letter of credit master settings-

Master data-

Here user maintain the LOC (letter of credit) master data, for this process user have to define

a. Code type- it is used to identify data which are grouped together under different heads.

b. Code master- here exports letter of credit module and their description are maintained.

c. Define LC Types- Here various type of letter of credit are maintained. i.e revocable,
irrevocable etc

d. Define Banks- Here we maintain and define the Bank details which are generally used in the
Export, capture letter of credit.

e. Define port codes- During process of the letter of credit what ports of shipping user will use
will be defined here.
4.Process flow-
The current business process flow is as following diagram-

Contract created
on the basis
of PO Benefits
generated by /license
customer. Capture letter of credit details. details are
captured by
the system

Sales order is Documents related to

created with ref. to SO are generated in
Contract in SAP EXACT

Delivery created in Documents related to Booking of License

SAP with reference delivery document against delivery
to the Sales order are generated in made
EXACT

Documents related to Booking of License

Invoice is created
invoice are generated against invoice
with reference to
in EXACT made
the Delivery

The exports cycle starts with the generation of the export sales order in standard R/3. The
documents that need to be generated immediately after this stage can be printed by defaulting data
either from the sales order, which is in standard R/3 or from the LC document details that are
captured in OptiSuite: Exports. In a similar way documents can be generated defaulting data from
either the delivery document or the billing document.

5.Document set-
Document sets – here user can create/ change/ delete the supporting document required in the
export import process, user can take the print out of these supporting document and can track the
any activity at any point of time. These document can be arranged in the quie as per the business
requirement i.e preshipment or postshipment as well as this has flexibility to use these document at
any phase of the process i.e order/delivery/proforma invoice or billing.

Create/change/display document set-

Here user have the access to create a set of supportive document which is required according to the
business requirement at differen different stages of the process, i.e order, delivery, proforma or
billing stages.

Change document- as per the requirement user can change the set of the available document/forms
as well as user can display the document set.

Logical group maintenance- Document set have the logical group maintenance tab where user
maintin the general information of the customer which is valid for whole document i.e address,
contact person etc.

Shipping details- in this tab user maintain the data related shipping is being maintained i.e port of
loading, port of shipping, port of discharge, shipping bill date, ARE1 etc.

Automatic determination of FMS/FPS/MLFPS- This is a new provision to determine chapter3 I.e

entitlement details , when pre shipment or post shipment document create then best benefit will be
chosen automatically, if the higher benefit amount will be of FMS then FMS will be choosen, if it is
FPS then FPS will be chosen , if it is MLFPS then MLFPS will be choosen so accordingly license will be
choosen.

Billing details- Billing related details are captured here, as well as here document set is linked with
SAP with a logical group help. Here user enter BOE amount, insurance amount etc for Bill of
exchange purpose.

Item details- here user maintain the item related details i.e type of pack, no of pack etc apart from
this item quantities, rate, freight etc are copied form r/3 system.

Go to option have the following features to fulfill the business requirement which user maintain as
per the requirement-

Maintain Text-

There is a provision to maintain Text at Header or Item level of the document, to make some
note or to make some clarification.

Transshipment details-
like the Text maintain user maintain Transshipment details if consignment is being shipped through
transshipment.

Partner Address-

Here user can check the partner address already copied from the sales order.

Additional field-

This field user can use for giving/mentioning some additional information if required.

Maintain Exporter-

Here user can maintain the Exporter details, to whom to export and other information related to
Exporter.

Upload document-

Here user have flexibility to upload some additional document as per business requirement.

Export Obligation- Booking and confirming for EPCG & Advance Authorization-

Here user can obligate Advance license and EPCG license against shipping bill FOB value.

Incompletion log- Here user check the document completion status whether the document is
complete or missing some mandatory fields.

Document flow- Here like SAP , user can check or see the document flow of any particular document.

Print document- Here user use this option to print the documents. If required user can see or check
the print preview of the printable document.

DEEC Declaration- DEEC declaration is a mandatory document which submitted to custom when
goods are clear through Advance Authorization, Configuration to generate the DEEC Declaration is
done with the delivery level of export with other shipment document.

Converting document in single PDF- Here user convert all required different document into a single
pdf which helps in document communication and in tracking.

Print action log- Here user can track the printing action i.e how many times, how many copies and
when and which document has been printed. So here user can track printing history any time.

6. Clubbing/change/Display BOE-
Here user can club the different different BOE against of the delivery documents, i.e single Bill of
exchange can be created against of many BOE. If required user can change the created clubbed BOE
or can display as per their requirement.

Print BOE- like another document here user can print the BOE document as per requirement
7. Clubbing/splitting(create/change/display) sales
order/delivery/proforma/billing document-
Here user have options to club the sales order/delivery/proforma/billing document to club in a single
document as well as user can change or display the document as per their requirement. The above
documents have some prerequisite to club, i.e same customer, same currency etc

8. Advance payment- FIRC

(create/change/display/print)-
Here user track the advance payment received by the customer. Once the FIRC provided by the bank
same user update in this transaction. Advance payment amount is attached to the commercial
invoice. As per the requirement user can change , display or take the print of the document.

Advance payment report- FIRC Report- Here user have facilities to generate a FRC report as per
customer, date, document no etc.

9. CHA Charges (create/change/display)-

Here user can maintain the Customs house agent (CHA) charges, here CHA charges can be
maintained against a specific bill of lading number, user can maintain here various other charges with
cha charges and against a CHA license no.

10. Duty Drawback Module-

Here in Opti suite user have the access of Duty Drawback Module

Duty drawback all industrial rate customization- here user can maintain the master data against of
the all export material, in master data user can maintain the details like material no, description,
period, all industrial rate, value cap and unit.

Upload programme to maintain All Industrial Rate (DBK)- Here there is a provision to upload the
master data, the file must be text delimited file and field should be like the screens available fields. i.e
material, valid from, duty drawback serial no, all industrial rate, value cap , per unit etc.

Duty drawback entitlement report- Here user can create an MIS report to view the drawback
entitlement amount against each line item in a shipping bill.

Claim Details received tracking module- Here user can enter / change/ view the actual receipt of
amount against each shipping bill. Here user can easily access that what amount of the shipping bill
has been claimed and what is the balance to use, even as per the requirement user can edit or delete
the claim details.
11. Letter of Credit-
Here user handles receiving credit of limits for both local and export sales amendment and
controlling of letter of credit and sales documents depends on the status of the document.

Receiving a LC- Here user can capture the letter of credit for both local and export sales as well as
can create the LC with reference. Here letter of credit has been categorized as Header, Item, Bank,
partner, Shipment and attach sales order. Here user has to enter some mandatory fields to capture a
LC.

Header details- Header details have the general details for LC.

Bank details- Here user maintain the bank details i.e opening bank, confirming bank, advising bank,
negotiating bank, house bank, currency, bank address etc.

Partner details- Here user can see the partner concern for the customers what user is using for the
document.

Shipment details- user can maintain here the shipment related details i.e port of origin, port of
destination, incoterms , transshipment ,partial shipment etc.

Document details- Here user can attach the required document mentioned in LC as per the
requirement.

Maintain text- here user can maintain text at header or item level mentioned in LC.

Incompletion log- This option user can use to check the document if some mandatory field is missing
or not.

Assign sales order of sales contract- Here user can assign the sales order or sales contract document
against of that this LC is applicable.

Assign items in sales order or sales contract as applicable- Here user assign the item data to LC as per
mentioned in sales order or sales contract , so that LC will copy the all details here.

Scheduling details for item- Here user can maintain the quantity and scheduling date as per the sales
order items.

Generate check list- Here user generate a check list LC vs sales order or sales contract to check out if
there is any differences between, if it is then amend the LC or SO or sales contract and make it
correct.

Discrepancy charges- Here user maintain the discrepancy charges if there is any then.

Receive Amendments- Here user can Amend the LC as per the customer request and latter it can be
tracked the amendment field and date wise.

Close LC- User who has the authorization can close the LC, once it closed it can’t be reuse.
12. Container tracking-
Create/ change/ display Container indent no- Here user track the container via Opti suite , to track
user has to create the container indent, where user has to fill container related data i.e container
type, container size, no of container, charges etc after saving the document user gets a container
indent no. similarly user can change or display the Container indent details as per the requirement.

Container arrival- Here user can maintain the record of container arrival by filling some required fields
like container no, arrival date and time etc against of the Container indent no. Here user have delete
option as well, if user wants to delete the container arrival details then user can delete.

Container stuffing- Here user can do stuffing of container against of the delivery no, if required to
edit item details this can be also done here as per business requirement.

13. Export packing credit (EPC)-

Export Packing Credit (EPC) is an advance granted by a commercial bank to an eligible exporter /
manufacturer /export house for financing exports at the Pre-shipment stage. EPC can be used for
purchasing finished good, manufacturing, processing, packing, transporting, warehousing / shipping
the goods meant for exports. It is a short-term accommodation extended to the exporters against
anticipated shipment of goods.

User can maintain the EPC export packing credit here which include Application, Receive, Repay,
Accounts and Reports. The Epc cycle is like following-

1. Create/change/display the Application and sent it to the bank. EPC can be availed with sales
order/letter of credit and without reference.

2. EPC receive- Here user can maintain the EPC receiving status as per the Application
generated.

3. Repayment- After receiving the EPC export packing credit by the exporter, exporter can
make his repayment. User has an option to payment mode either Manual or against the
invoice.

4. Post shipment loan- If required user can easily convert the pre-shipment loan to post
shipment loan easily form here.

5. Post shipment repayment- User maintain here, The Exporter repays his post-shipment Loan
against the Booked Billing Documents
 6. EPC Bank limit maintenance- Here user can maintain a limit for a new bank.

14. Export Credit guarantee corporation of india

(ECGC)-
ECGC is used to cover risks of exporting on credit to a Exporter. It provides a range of credit risk

insurance covers to exporters against loss in export of goods and services and offers guarantees to
banks and financial institutions to enable exporters obtain better facilities from them. ECGC protects
exporters against the risk of not receiving the payments while trading with overseas buyers on short-
term credit.
1. Application create/ change - Here user can create ECGC Application and sent it to ECGC. If
required user can change the application as per the requirement.

2. Receive- Here user receives the policy against of the ECGC sent. Here user maintain the
application number, date, policy number etc.

3. Renewal- This option is provided for the user to renew the policy.

4. Monthly declaration- Every month on or before 15’th policyholder to declare the shipment
details made by him in the preceding calendar month. This has to be declare in the form
provided by the corporation.

5. Print- Here user takes the print of the monthly declaration.

15. Credit limit-

Credit limit is the limit up to which an exporter will get as a claim due to losses arising from
commercial risk. This limit has been approved for the individual for each buyer and approved
by the corporation. Following are the process for credit limit

1. Create application- Here user can create application form for the credit limit and sent it ot
ECGC. This application of credit is created against of the delivery document.

16. Forex-
The Forex Module covers the functionality like Forex Application tracking and Forex Contract
creation.

1. Create a forex application- user use this option to create a forex application with filling the
relevant data. Accordingly, if required user can change or display the data as well.

2. Create a forex contract- here user can create the forex contract on three bases immediately,
with reference to application, and third one is with reference to contract. If required User
have access to cancel the contract as well here.

3. Attach booking document- Here booking document can be attached to the forex, usually
these documents can be sales order or invoice no.

4. Attach utilization documents- Here same like the above option user can attach the booking
document i.e sales order or invoice number. If required documents can be changed or
displayed here as well.

To be Document-
17. Introduction-
The government provides duty exemption to manufacturers on imports of some materials. However, the
manufacturers have to declare that these imports will be used for manufacturing products that will
eventually be exported. Accordingly, the government levies an export obligation on the manufacturer.
Client is doing all these process in Opti suite currently and now since SAP R/3 has come with a
new feature to do almost all Exim process in NWBC (Net weaver Business Client), so the process what a
client can do with the Export are following-

19. Scheme Master

Here user maintain the scheme master data for export. The schemes introduced by the Govt of India
promote exports that helps that helps earn foreign exchange. Broadly schemes used for the Exports
are

a. Duty drawback

b. Incentive

c. Incentive-MEIS

c. Remission
20. SION standard input output norms
A standard input output norm (SION) controls the quantity of materials and value of materials that can
be imported with exemptions. SION establishes a ratio of the quantity of imports allowed for each unit
of exports.

The standard input output norms are applicable on a number of products such as Electronics, Food
products, Handicrafts etc. These forms define the amount of imports required to create a unit of output
for export purpose.

Here user maintain the SION, scheme master data for Export purpose. Here user has to maintain the
details of Scheme code, Scheme type, scheme category and the Material details.

Here user have the option to edit or display the SION data as per the business requirement.

21. Create / Edit / Display License-

Import and Export licensing procedures in India- Registration with regional licensing authority is a
prerequisite for the import and export of goods. The customs will not allow for clearance of goods
unless the importer has obtained an import export code (IEC) from the regional authority.

License is a trade document which permits import or export of goods. It serves as a means to ensure
that the business is being carried out as per the rules, safety and standard guidelines.

A user can create licenses on the basis of 1. Pre-export 2. Post export 3. Capital goods and 4. Exports.
The first three are Import with Export obligation.

Here user can create/edit or display the license master data as per the business requirement.

21.1 ANF Aayat niryat forms-

During process, the license user will get the relevant ANF forms in the editable Adobe forms, where
user can edit the forms as per the requirement.

21.2 Approval of License-

User has option to process and forward the license to the authorized person or authorized tax
authority for the approval. After submission of the license it should be approve internally or as
workflow assigned by the client.

User can see the status of any document whether it is Approved/ Active/Rejected or in process etc.
see picture attached in point no 21.

21.3 Process for creating a license-

1. Create a sales order with t code va01.

2.Create a delivery document with t code vl01n

3.create a proforma invoice with t code vf01

4. Creation of shipping bill and attaché the proforma (Custom) invoice.

5. Attach the license to the custom invoice

6. Do export utilization.

21.4 Export utilization-

User can use export utilization if he is a EPCG license holder, user create a license under this category
for those products that are imported with an obligation to export. The export obligation is fulfilled
by exporting goods manufactured using the imported capital goods or the using other product
manufactured.

22. Letter of credit

Letter of credit is a financial statement issued by the bank to obtain payment of goods. Bank in India
associated with the LOC such as Advising bank, issuing bank and Transferring bank. Once the letter
of credit is confirmed, the advising bank guarantees payment only if all stipulations in the letter of
credit are conformed exactly.

22.1 Amendment of LOC-

When the letter of credit is not met the vendor requirement, an amendment refers to a change made
to a letter of credit and is initiated by the customer. Changes becomes only the part of credit when
all other interested parties approve of changes. The vendor waits for the amendment to arrive
before releasing the order.

The amendment process is as follow-

1.vendor request for the modification for certain terms in LOC.

2. The issuing bank makes changes to the letter of credit only after the buyers and other interested
parties agrees to changes.

3. The buyer’s issuing bank notifies the seller advising bank of the notification.

4. The seller’s advising bank then notifies the seller of the amendment.

22.2 letter of credit for export-

Here user create a letter of credit for the material what is ready to be exported.

A bank issue a letter of credit for export on behalf of the exporter in the following circumstances-

1. export of goods or services from India to outside of India.

2. Supply of goods or services for execution of project by exporter outside of India.
3. Sales of goods by exporter with total procurement and supply from outside India.
 4. Deemed exports that involve no physical movement of goods from outside of India even
though the supply to made a project being executed in India.

User can’t edit when the status of letter of credit is in process, cancelled or confirmed.

22.2. Export letter of credit utilization-

The billing document amount of the sales order which is attached with the respective LOC will be
blocked the letter of credit amount.

User can utilize the export letter of credit in two ways-

1.with reference to a bill of exchange.

2. without a reference.

23. Document set-

In export sales process user can create the document sets which are required to submit to clearance
of customs or for the clearance of the bank payment. User can create the document in the
preshipment stage or post shipment stage.

Some of the pre shipping documents like custom invoice, shipping bill or bill of export, shippers
letter of instruction, Annexure A, Annexure C etc. similarly, some of the post shipping document
packing list, annexure of the packing list, shipment advice note, draft bill of landing, bill of exchange
etc.

Here user have the already predefined documents, so user has to decide which document will be
attached with which sales document or preshipment or post shipment.
24. Process management-
Here user create a set of documents for the purpose of export sales process. Process management
refers a set of documents that serve as a proof of document across port and are submitted to the
authorities for clearance of customs or submitted to the bank of realization of export proceeds.

Here user can see the different stages of the export process inside the overview of process
management where user can see the documents like sales order, delivery document, proforma
invoice and billing documents in the document flow, as user select any document in the left side
right-side user can check or see the document set attached with that stage of the process. User can
also check it out the pre-shipment and post shipment documents attached with the document.

If required user can edit the document flow here as per their business requirement.

25. Shipping bill- (create/ edit/ display/ delete)

It’s a document issued by the shipping agent that you need to submit to the customs authorities for
exports of goods. Along with the shipping bill user need to submit a set of attachment. The customs
authorities verify the free on board (FOB) value of export and quantity of goods in the bill against
those mentioned in the invoice and export sales order.

User can create the shipping bill for the following categories-

1. Duty free goods

2. Dutiable goods
3. Duty draw back.
25.1 Shipper’s letter of instruction (Create/ Edit /
Display)
A shipper’s letter of instruction is the contents and delivery instructions for an international
shipment. It contains information given by the shipper to the freight forwarder on how to handle the
shipment.
25.2 Certificate of origin (Create/ edit/ display)-
Certificate of origin is a document that is issued by the exporter to the buyer which confirms that an
order placed by the buyer has been received and cleared by the shipment. The document displays
the current status of the order and also insures that the buyer knows in advance when the order be
expected to arrive.

25.3 Exchange control declaration form (GR Form)

(create /edit/display)
GR form is a document that exporter submits (In Duplicate) to the customs at the port of shipment
along with the shipping bill. The customs assign a 10 digit a serial no to both the copies and certify
the value declared by the exporter on both copies of GR form.

The original copy goes to RBI Reserve bank of India, where as the duplicate copy is return back to the
exporter. For the shipment of goods to take place, the exporter needs to submit this duplicate copy
to the customs. After the document sent for the collection, the authorized dealer should report the
transaction to RBI. The dealer will possess the duplicate copy along with an invoice copy till the full
export proceeds have been realized.

25.4 Packing list (Create/ edit/ display/ delete)-

Packing list is a document that contains the list of goods in a particular shipment. The details in the
packing list must match with the information provided in the invoice and the bill of lading.

25.5 Shipment advice note (create/ edit/ display/ delete)-

This is a document which confirms to buyer that what order buyer has placed is received and cleared
for the shipment. This document shows the current status of the document so it gives an idea to the
buyer the expected receiving time of the shipment. If user needs to edit, display or delete the
shipment advice note then this option is available as per the business requirement.

25.6 Export value declaration (Annexure A, C and C1)-

create/edit/display/delete-
In export process customs department has authority to physically examine the export shipment that
on which duty and other benefits are availed.

Annexure A- Annexure A is an evidence for the port service center to clear an EDI shipment. Since it’s
EDI so shippers submit this document to customs only on those ports where EDI (Electronic data
interchange) options is available.

Annexure C/C1- Like above this document is also submitted by the shipper to customs, along with
shipping bill and another supporting document. This document will have information regarding
custom approval after the shipment is checked, following which the goods are shipped.
25.7 Bill of lading (create/edit/display)-
Bill of lading is a legal document provided by the goods carrier to the shipper detailing the type,
quantity, and destination of goods being carried. It serves as a receipt for shipment once the goods
have been delivered as well as evidence to file a claim against the shipper in the event of non-delivery
or defective delivery.

User have options to edit or delete the document as well as per the business requirement.

25.8- Bank realization certificate (create/edit/display)-

This is a certificate which is given to exporter by bank. On this certificate both sides bank and
exporter signed, from exporter side it would be an authorized representative. Bank attest the
certificate and verifies the other particulars; the date of receipt is actual date of export. Bank also
assign a certificate no which is provide by RBI Reserve bank of India and also mention the authorized
foreign exchange dealer’s code.
25.9 Statutory declaration forms (SD forms)
(create/edit/display)-
User can create here the statutory declaration forms, this is a form which is given to the exporter by
custom when custom dealing with shipping bill and and that are processed electronically. The
processing of statutory declaration form is similar to that of the GR forms. Since most of the port
doesn’t have the EDI (electronic data interchange) system enable. So both the exchange control
declaration form (GR form) and statutory declaration form (SD form) is to be used accordingly.

25.10 Bill of exchange (create/edit/display)-

Here user can create/edit/display the Bill of exchange as per the business requirement. This is a form
of payment in which importer instruct the commercial bank to pay the exporter.
25.11 Covering letter (create/edit/display)-
Covering letter includes all pre-shipment and post shipment documents. covering letter indicates the
document shown as proof to the bank to claim funds.