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iBusiness Trade - How to Initiate a Shipping Guarantee / Delivery Order? Print

To apply for a Shipping Guarantee / Delivery Order on the iBusiness Trade Module, follow these steps:


Step 1: To locate the Application Form on iBusiness Trade Module

  • Click on Trade & Guarantees >> Shipping Guarantee / Delivery Order


Step 2: Tips and Guidance on Filling the Shipping Guarantee / Delivery Order Application

  • The user has an option to click on “Expand All” to expand all the sections.
  • Otherwise, the user can click on individual section header to expand that particular section alone
  • The user has to input all the required fields in each individual section to complete the Guarantee application
  • Once, all the required fields are filled in, the user can:
    1. Initiate – this will navigate to the next screen to proceed with Guarantee initiation
    2. Save as Draft – option to save the details entered as draft
    3. Save as Template – option to save the details entered as template
    4. Clear – Clear all the details entered & close the page.

Step 3: Filling the "Parties" Section

  • Please see below guidance on filling the "Parties" section:


Field NameRemarks
General
Date of ApplicationSystem generated value – Non Editable field
ProductChoose from the dropdown values "Shipping Guarantee" or "Delivery Order"
Under LC / Not Under LCChoose from the dropdown values "Under LC" or "Not Under LC". In case of inward collection document, where Bill of Lading / Airway Bill is consigned to CBD, please select “Not Under LC”
Guarantee to be issued in Language of

In case if the request is under LC, please select the type of LC "Sight LC" or "Time LC"

  • In case of Sight LC, please select Release Option "Debit to Account" or "Loan LTR"
  • In case of Usance LC, please select Release Option "Promissory Note"
BeneficiaryIn case if the request is Not under LC, please select the type "Debit to Account" or "Loan LTR"
Shipping Company Details
Name & AddressInput the Shipping Company Name & Address to which the SHG/DO to be addressed to



Step 4: Filling the "Applicant" Section

  • Please see below guidance on filling the "Applicant" section:


Field NameRemarks
Applicant
Select AccountChoose from the drop down list (A/C Number)
Applicant

Applicant details will be auto populated based on the Account number selected above

Template Access Type

Choose from the dropdown values (Public, Private):

  • Public – the template saved will be available for all the users (within the company) to use.
  • Private – The template saved will be available only for the user who has saved the template



  • Clicking Next, will expand the next section “Commitment Details


Step 5: Filling the "Commitment Details" Section

  • Please see below guidance on filling the "Commitment" section:


Field NameRemarks
LC Reference #Mandatory to input the LC number, only when the request is under LC (based on the selection above)
Place pf ExpiryInput the details, free text field
Guarantee Amount

Input the Shipping Guarantee Amount & Currency



  • Clicking Next, will expand the next section “Instructions

Step 6: Filling the "Instructions" Section

  • Please see below guidance on filling the "Instructions" section:


Field NameRemarks
Charge AccountSelect the account number from which the charges need to be recovered
Instructions to BankInput the details, if any, free text field (details entered will not form part of the shipping guarantee text)



  • Clicking Next, will expand the next section “Guarantee

Step 7: Filling the "Guarantee" Section

  • Please see below guidance on filling the "Guarantee" section:


Field NameRemarks
For Account ofIn case if the requestor is third party applicant, input the details here
Attach DocumentsOption to attach supporting documents, if any
Accepting Terms & Conditions

Click to accept the terms and conditions

Action
Initiate

This will navigate to the next screen to proceed with transaction initiation. Once Initiated, the transaction will move to approver queue for approval. Upon successful authorization, transaction will be submitted to bank for processing.

Approvers can access the transactions pending for their approval using the menu “Queue" >> "Pending your Authorization”

Save as Draft

Option to save the details entered as draft

Drafts can be retrieved from the Menu “Queue" >> "Drafts & Templates”

Save as Template

Option to save the details entered as template

Templates can be retrieved from the Menu “Queue" >> "Drafts & Templates”

Clear

Clear all the details entered & close the page


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