Systems and methods for producing documentary credit and conforming shipping documents

• US 7,548,881 B2
• Filed: 11/04/2002
• Issued: 06/16/2009
• Est. Priority Date: 11/04/2002
• Status: Active Grant

• Current Assignee: Avolin LLC
• Original Assignee: TradeBeam Incorporated (CDC Corporation)
• Inventors: Narayan, Manoj, Viarengo, Steve M., Bornscheuer, Allen R.
• Primary Examiner(s): Abdi; Kambiz
• Assistant Examiner(s): Merchant; Shahid R
• Application Number:
  US10/287,447
• Publication Number:
  US 20040088245A1
• Time in Patent Office: 2,416 Days
• Field of Search: 715/507, 705/38, 705/1, 705/7, 705/24, 705/28, 705/35
• US Class Current: 705/36.00R
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/209 Specified transaction journal output feature, e.g. printed receipt or voice output
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The present invention relates to systems and methods to support import-export transactions. More particularly, it includes methods and systems for generation of bank-required documents that are consistent with a documentary credit instrument and collaborative application for or amendment of the documentary credit instrument. Particular aspects of the present invention are described in the claims, specification and drawings.

Claims

1. A computer-aided method of generating documentary credit and related documents, including:

providing at least one template for documentary credit issuance, including at least one of a documentary credit instruction, a documentary credit application or a documentary credit instrument;

providing one or more templates for documentary credit-related documents, wherein the documentary credit-related documents are among a plurality of bank-required documents to draw on a corresponding documentary credit instrument;

mapping fields from the documentary credit issuance template to the documentary credit-related document templates and establishing synchronization rules for electronic propagation of data among and editing of the mapped fields;

electronically accepting data for at least some of the fields of the documentary credit issuance template; and

applying, by a programmed computer, the synchronization rules and propagating, by programmed computer, the data to the documents needed to evidence fulfillment using the mapping, wherein the synchronization rules restrict users'"'"' ability to override the propagated data fields once a document preparation state for the agreed conditions and instructions reaches a predetermined level.

2. The method of claim 1, wherein the template for documentary credit issuance corresponds to the documentary credit instruction by a seller.

3. The method of claim 1, wherein the template for documentary credit issuance corresponds to the documentary credit application by a buyer.

4. The method of claim 1, wherein the template for documentary credit issuance corresponds to the documentary credit instrument issued by a bank.

5. The method of claim 1, wherein accepting data further includes:

conveying at least some terms of a draft of a documentary credit instruction or a documentary credit application from a first party to a second party, wherein the first and second parties represent trading partners;

approving or editing the draft by the second party; and

recording agreement by the first and second parties the terms of the draft, prior to issuance of a corresponding documentary credit instrument.

6. The method of claim 1, further including:

providing at least one template for amendment of terms of a documentary credit instrument;

mapping fields from the documentary credit amendment template to the documentary credit-related document templates;

accepting data for at least some of the fields of the documentary credit amendment template; and

populating fields in the plurality of documentary credit-related documents using the mapping.

7. The method of claim 6, wherein accepting data for the documentary credit amendment template further includes:

conveying at least some terms of a draft of a documentary credit amendment from one to an other of the first or second party;

approving or editing the draft amendment by the other party; and

recording agreement by the first and second parties the terms of the draft amendment, prior to issuance of a corresponding amended documentary credit instrument.

8. The method of claim 1, wherein the supplying data step is directed to a pre-issuance document, further including:

generating a machine readable documentary credit application, populating fields in the application using the mapping; and

electronically submitting the documentary credit application to an issuing bank.

9. The method of claim 8, further including:

receiving a confirmation of issuance of a documentary credit instrument; and

updating the data supplied for the documentary credit issuance template to conform to the issued documentary credit instrument.

10. A computer-aided system to generate documentary credit and related documents, including:

at least one template for documentary credit issuance stored in computer readable memory, including at least one of a documentary credit instruction, a documentary credit application or a documentary credit instrument;

one or more templates for documentary credit-related documents stored in computer readable memory, wherein the documentary credit-related documents are among a plurality of bank-required documents to draw on a corresponding documentary credit instrument;

a map stored in computer readable memory that relates fields from the documentary credit issuance template to the documentary credit-related document templates;

synchronization rules for propagation of data among and editing of the mapped fields;

logic running on a computer to process input data for at least some of the fields of the documentary credit issuance template; and

logic running on a computer to populate fields in the plurality of documentary credit-related documents using the map and the synchronization rules.

11. The computer-aided system of claim 10, wherein the template for documentary credit issuance corresponds to the documentary credit instruction by a seller.

12. The computer-aided system of claim 10, wherein the template for documentary credit issuance corresponds to the documentary credit application by a buyer.

13. The computer-aided system of claim 10, wherein the template for documentary credit issuance corresponds to the documentary credit instrument issued by a bank.

14. The computer-aided system of claim 10, wherein the logic to process input data is adapted to:

convey from a first party to a second party at least some terms of draft of a documentary credit instruction or a documentary credit application, wherein the first and second parties represent trading partners;

approving or editing the draft by the second party; and

recording agreement by the first and second parties on the terms of the draft, prior to issuance of a corresponding documentary credit instrument.

15. The computer-aided system of claim 10, further including:

at least one template for amendment of terms of a documentary credit instrument;

an additional map of fields from the documentary credit amendment template to the documentary credit-related document templates;

additional logic to accept input to at least some of the fields of the documentary credit amendment template; and

additional logic to populate fields in the plurality of documentary credit-related documents using the additional map.

16. The computer-aided system of claim 15, wherein the additional logic to process input data is adapted to:

convey from one to the other of the first and second parties at least some terms of a draft of a documentary credit amendment;

approving or editing the draft amendment by the other party; and

recording agreement by the first and second parties on the terms of the draft amendment, prior to issuance of a corresponding amended documentary credit instrument.

17. The computer-aided system of claim 10, wherein logic to process input data is directed to a pre-issuance document, further including:

further logic to populate fields in the documentary credit application using the map and to generate a machine readable documentary credit application; and

logic to electronically submitting the documentary credit application to an issuing bank.

18. The computer-aided system of claim 17, further including:

logic to receive a confirmation of issuance of a documentary credit instrument; and

logic to update the data supplied for the documentary credit issuance template to conform to the issued documentary credit instrument.