on 03-14-2016 4:04 PM
Dear Gurus,
In the customer master, company code area, insurance tab is coming, having the following fields.
1. policy number
2. institution number
3. amount insured
4. valid to
5. lead month
6. deductible
can any of my guru assist me that in who business process we can use these functionality and how we configure this.
looking for the gurus feedback.
regards,
When the seller despatch the goods to their end customer based on certain Inco terms, insurance would be covered by either of them. For example, if the cargo is despatched on Ex-Works basis, buyer would cover insurance for "In-Transit" cargo. On the other hand, if the despatch is made on CIF basis, then the insurance part will also be taken care of, by the seller.
Now coming to your query, if the seller want to maintain such data, then can maintain which is only for statistical purpose.
G. Lakshmipathi
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Thanks a lot G. Lakshmipathi, for your prompt and positive reply.
i understand.
you mean its just a statistical data when maintain once in the customer master, for information only, don't have any further process or impact, or change in the business process ?
above confusion i explain in LC scenario, that we create as a master data and assign to the sales order, so its work like a credit management, you understand what I mean. thanks.
regards,
imran khan
Export credit insurance is basically used to avoid risk of payments with an assurance that payments will be made in case if customer wouldn't be able to pay the amount. There are different conditions under which customer will not pay the receivables to the company, can be political or commercial risks both. Being insured by export credit insurance, your business can be protected against non-payment risks. To guarantee payment, we normally have letter of credit, export credit insurance options and they all are available in Risk Management at external level. For further info please refer to below mentioned link. This will clear your doubts. Thanks.
Risk Management for Receivables in SD - Credit and Risk Management (SD-BF-CM) - SAP Librar
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