Banking Status Message
A BANSTA message is sent by the receiver of a previously sent message to report on the status of processing of this original message. It indicates, at the application level, the acceptance or rejection of the message or the ability for the receiver of the message to execute or not the instructions received.
Throughout this document the term 'Originator' refers to the sender of the original message to which the BANSTA message is responding; likewise, the term 'Recipient' refers to the sender of the Status message sent in response to the message generated by the 'Originator'.
Bayplan/Stowage Message Plan Occupied And Empty Locations Message
A message to transmit information about equipment and goods on a means of transport, including their location on the means of transport. The message can be exchanged between (liner's) agents, tonnage centers, stevedores and ships masters/operators (see section 1.3 for more details).
Bayplan/Stowage Plan Total Numbers Message
A message to transmit information about the total numbers of equipment and quantity of goods on a means of transport. The message can be exchanged between (liner's) agents, tonnage centers, stevedores and ships masters/operators (see section 1.3 for more details).
Direct Payment Valuation Message
This message is the instruction by the contractor to the party responsible for payments, to pay the subcontractors for work completed.
Establishment Of Contract
Upon completion of the tendering process, there is a requirement for the client or his representative to formally establish and issue the contractual Bill of Quantities. This documentation becomes the contractual basis for all future work and payment for the project.
Invitation To Tender Message
At the pre-construction stage of a construction project, the Client will wish to appoint a contractor to execute the works. The first step in this appointment process is to issue an invitation to tender (ITT) to contractors this will require a commercial offer to be made by the contractor to the client.
Payment Valuation Message
Typically this message will be used between a contractor and the client's representative, during the process of approving the value and payment for work completed for a given period of time.
Quantity Valuation Message
Typically this message will be used for a contractor to submit progress details to a client or his representative. The message will be used also for subsets of the project where work has been contracted out to other parties. In these cases the exchange would be between the subcontractor and the party that subcontracted the work.
Tender Message
Following the receipt of an invitation to tender (ITT) , a Main Contractor or subcontractor will submit a tender which is a commercial offer to execute the project work defined in the Bill of Quantities (BoQ) within the ITT.
Credit Advice Message
A Credit Advice is sent by the Account Servicing Financial Institution to the Account Owner to inform the Account Owner that its account has been or will be credited for a specified amount on the date indicated, in settlement of the referenced business transaction(s).
