NavigateERP for African business

Amend an open LC

Amount, expiry, latest shipment, tolerance and goods - each change kept.

Steps

  1. On the LC, Amend: fill in only what changes, the bank’s reference and the amendment fee.
  2. An increase takes the margin % on the extra amount from the account.

Good to know

  • The amount can’t go below what is already drawn. Every amendment is listed with what it was and what it became, and on the printed application.