What is export license in SAP SLL - Global Trade Services?

SAP Term: export license

• Component: SLL

• Component Name: Global Trade Services

• Description: To control exports, the authorities define prohibitions and restrictions for individual goods or groups of goods. The licensing authorities responsible for export licenses decide on the respective license request. These export licenses restrict goods movement, for example, by setting quotas or maximum values for goods.

Smart SAP Assistant

• Key Concepts: 
  Export licenses are documents issued by governments that authorize the export of certain goods from one country to another. SAP SLL Global Trade Services (GTS) helps companies manage their export license requirements by providing a comprehensive set of tools and services to ensure compliance with applicable laws and regulations. 
  
  How to use it: 
  SAP GTS enables companies to manage their export license requirements in a centralized system. It provides a range of features, including the ability to create and manage export licenses, track shipments, and monitor compliance with applicable laws and regulations. Additionally, GTS provides access to a global network of trade experts who can provide advice and guidance on export license requirements. 
  
  Tips & Tricks: 
  When using SAP GTS, it is important to ensure that all relevant information is accurately entered into the system. This includes the type of goods being exported, the destination country, and any applicable restrictions or regulations. Additionally, it is important to regularly review the status of export licenses to ensure that they remain valid and up-to-date. 
  
  Related Information: 
  For more information on SAP GTS and export licenses, please visit the SAP website at https://www.sap.com/products/global-trade-services.html. Additionally, you can find more information on export license requirements from the U.S. Department of Commerce at https://www.bis.doc.gov/index.php/licensing/export-licensing-requirements-overview.