It teleports engraved items back to the owner from a distance, even when another player is holding them. Item recall works in vaults, but there is a warning before using the scroll in your own vault. For personal vaults, guild items are only recalled if the player is in their own vault, or the vault of someone who is not in their guild. In guild vaults, only the guild leader may recall guild engraved items.
A Magic Skill level of 13 is required to use it.