This screen is a queue of Subscription contracts that the licencing team have marked as ready to be renewed.
When the contract is ready for renewal and the Ready to renew? flag has been ticked in the Duration + terms tab then the contract will be queued in this screen for the renewal process.
By default the screen displays All contracts that are ready to renew. Mine will show only contracts where the user is listed in the Owners list for the contract.
With the contract highlighted click on Renew contract to start the renewal. For more details on the steps in renewing the contracts go to Renewing Contract
Once the renewal period details are complete then in the Duration + terms tab click on the Ready to Approve flag and that will move this contract to the Ready to approve screen for the final review and approval.