Error in Business Group LOAD

Hi,
When i tried LOADing Business Group using 'Product Foundation' selection set, I am getting the below error in Log file.
Name: HR_BusinessGroup
Type: BC4J
Path: oracle.apps.per.isetup.schema.server.BusinessGroupAM
Time Taken(seconds): 4.0
oracle.apps.fnd.framework.OAException: An exception occurred in API 'Business Groups API'.
     at oracle.apps.az.fwk.BEUtil.wrapperException(BEUtil.java:388)
     at oracle.apps.az.fwk.server.BEImport.importXML(BEImport.java:447)
     at oracle.apps.az.fwk.server.BEApplicationModuleImpl.importFromXML(BEApplicationModuleImpl.java:420)
     at oracle.apps.per.isetup.schema.server.BusinessGroupAMImpl.importFromXML(BusinessGroupAMImpl.java:276)
     at oracle.apps.az.r12.api.BC4JAPI.importAPI(BC4JAPI.java:927)
     at oracle.apps.az.r12.loader.cpserver.APILoader$APIExecuter.run(APILoader.java:649)
## Detail 0 ##
oracle.apps.fnd.framework.OAException: There are warnings in this API and the commitWithWarnings flag is set to false.
     at oracle.apps.az.fwk.server.BEImport.commit(BEImport.java:1900)
     at oracle.apps.az.fwk.server.BEImport.endElement(BEImport.java:782)
     at oracle.xml.parser.v2.XMLContentHandler.endElement(XMLContentHandler.java:210)
     at oracle.xml.parser.v2.NonValidatingParser.parseElement(NonValidatingParser.java:1310)
     at oracle.xml.parser.v2.NonValidatingParser.parseRootElement(NonValidatingParser.java:328)
     at oracle.xml.parser.v2.NonValidatingParser.parseDocument(NonValidatingParser.java:295)
     at oracle.xml.parser.v2.XMLParser.parse(XMLParser.java:201)
     at oracle.apps.az.fwk.server.BEImport.importXML(BEImport.java:410)
     at oracle.apps.az.fwk.server.BEApplicationModuleImpl.importFromXML(BEApplicationModuleImpl.java:420)
     at oracle.apps.per.isetup.schema.server.BusinessGroupAMImpl.importFromXML(BusinessGroupAMImpl.java:276)
     at oracle.apps.az.r12.api.BC4JAPI.importAPI(BC4JAPI.java:927)
     at oracle.apps.az.r12.loader.cpserver.APILoader$APIExecuter.run(APILoader.java:649)
Importing rows from xml file, and validating rows ......
An error occurred in API 'Business Groups API'
View Object 'BusinessGroupVO'
Short Name = 'POC_BG'
Location = 'Head Quarter'
Cont Worker Gen = 'Automatic'
App Gen Method = 'Automatic'
Name = 'POC Business Group'
Competence Flex Id = 'Competence Flexfield'
Emp Gen Method = 'Automatic'
Job Flex Id = 'Job Flexfield'
Grade Flex Id = 'Grade Flexfield'
Group Flex Id = 'People Group Flexfield'
Type = 'BG'
Cost Flex Id = 'Cost Allocation KF'
Sec Group Name = 'Standard'
Classification = 'HR_BG'
Legislation Code = 'India'
Date From = '2009-01-01'
Position Flex Id = 'Position Flexfield'
Internal External Flag = 'INT'
Currency Code = 'INR'
The location does not exist
3 rows processed, now posting changes to the database ......
Processed API:HR_BusinessGroup
Status: ERROR
Could anyone suggest me to resolve this?
Thanks,
Harish Nunna.

Hi Srini and Mugunthan,
Thanks for replying.
Yes, the location is already available in the Target instance.
One more update, the BG which I am going to Load now is also available in the Target instance. Is that the reason?
Thanks,
Harish Nunna.

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