What is booking party in SAP SLL - Global Trade Services?

SAP Term: booking party

• Component: SLL

• Component Name: Global Trade Services

• Description: A business partner who is specified in customs declarations and who triggers the reservation of cargo space.

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• Key Concepts: 
  Booking Party is a term used in SAP Global Trade Services (GTS) to refer to the party responsible for creating and managing a trade document. This party is typically the exporter, but can also be an agent or other third-party. The booking party is responsible for providing all the necessary information for the document, such as the origin and destination of the goods, the type of goods, and any applicable taxes or duties. 
  
  How to use it: 
  In order to use Booking Party in SAP GTS, you must first create a trade document. Once you have created the document, you will be prompted to enter the Booking Party information. This includes the name and address of the party responsible for creating and managing the document. You will also need to enter any applicable taxes or duties associated with the document. 
  
  Tips & Tricks: 
  When entering Booking Party information in SAP GTS, it is important to ensure that all information is accurate and up-to-date. This will help ensure that all applicable taxes and duties are correctly calculated and applied. Additionally, it is important to keep track of any changes made to the Booking Party information, as this can affect the accuracy of the document. 
  
  Related Information: 
  For more information on Booking Party in SAP GTS, please refer to SAP’s official documentation on Global Trade Services. Additionally, there are many online resources available that provide detailed tutorials on how to use Booking Party in SAP GTS.