Letter of Credit for Exports

[Former Member]

Hi Everyone,

We have a scenario where customer have multiple sale ordes and for all of them they have opened a single LC. Can you please let us know how can we assign same LC to different Sales order and most importantly how can we have a control to check if the orders amount doesn't exceed the LC amount.

Thanks.

Asad

[Former Member]

Dear Asad,

The system will allow you to enter a single LC for multiple Sale orders. The LC is created wrt to customer only not wrt sale order.

The only check the system will do is the value. The LC should also be set to satus "D- Ready & available for use" so that it can be used in sale orders. In the customer master activate the tolerance grp as LC so that the check can be activated.

By standard the system will check for sale order values with LC value, sale order date with LC opening date, delivery date with LC validity end date. But you can play in LC using overdraft % in LC for minor difference in values.

regards,

S.S.Kumar

[Former Member]

Dear Kumar,

Thanks for your advise, can you please help me with creating a tolerance group for LC, How can i Do it? I tried the tcode OBA3 to create tolerance but wasn't able to. I will appreciate if you can let me know details of creating the tolerance group for LC.

Thanks.

Asad

[Former Member]

Hi,

Can you please let me the procedure a bit more detailed how to setup the LC Check as you mentioned in your ealier reply. We tried but it is not working. I willreally appreciate if you give a detailed answer.

Thanks

Asad

[Former Member]

Please check this answered link for details and manual:

Edited by: Afshad Irani on May 22, 2010 5:59 PM

[former_member187989]

Check this answered link

[Lakshmipathi]

As already stated, LC should be created in VX11N and after saving the data, system will populate a reference at the bottom screen. You have to assign this reference in sale order header tab "Billing" where you can see a field "Fin.document".

thanks

G. Lakshmipathi

[JL23]

LCs are created with VX11N transaction, but you have to do some customizing before.

See docu:

http://help.sap.com/erp2005_ehp_04/helpdata/EN/93/744947546011d1a7020000e829fd11/frameset.htm