3339026 - Getting error V2050 when creating or changing a purchasing document - SAP ERP & SAP S/4HANA

When creating or changing a purchasing document (Purchase Order, contract, scheduling agreement), the system issues the error message: 'Enter part 1 of the Incoterms' Message No. V2050.

• Materials Management (MM)
• SAP ERP
• SAP enhancement package for SAP ERP
• SAP enhancement package for SAP ERP, version for SAP HANA
• SAP S/4HANA

ERP, S4HANA, ME21N, ME22N, PO, Purchase Order, V2050, Incoterms, Incoterms Location, EKKO-INCO1, EKKO-INCO2_L, EKKO-INCO3_L, 2885227, contract, scheduling, agreement, ME32N, ME38, ME32L, EKPO, EKKO, INCOTERMSV, INCOTERMS2L, INCOTERMS3L, POHEADER, V2 050, Enter part 1 of the Incoterms, BAPI_PO_CREATE1, INCOTERMS1 , KBA , MM-PUR-PO , Purchase Orders , MM-PUR-REQ , Purchase Requisitions , MM-PUR-OA-SCH , Scheduling Agreement , MM-PUR-OA-CON , Contract , MM-PUR-PO-BAPI , BAPIs - Purchase order , Problem