Several people have asked why 220v doesn't use a "common" line. Textual descriptions don't do it for me so I thought I would give a visual version.
If you take the Blue line as "Hot", or "Line" and the x-axis as "common" or "neutral", this is how 120v AC (Alternating Current) works. The voltage on the "Hot" swings from 120v to -120 and the power produced is the difference between that and the "common", which is always at zero volts. When the Line peaks at 120v you get 120v, when it dips to -120v you get -120v. (sorry, that is obvious but you will understand why I needed it in just a second).
AC-110v.PNG
This is how 220v AC works. The red line is "Line-1", and the blue line is "Line-2", and the x-axis is Neutral. Notice that Line-1 and Line-2 are always exactly out of phase with each other. Because they ARE out of phase and because you only hook up Line-1 and Line-2 you now have the situation where your power produced is the difference between them, when line-1 is at 120v line-2 will be at -120v and the power produced is the difference which is 220v.
AC-220v.PNG
So, 120v uses one hot and one neutral. 220v uses 2 hots working in opposition and neutral is not needed. 440v uses 3 hots.
Which is why manual says you don't use neutral but you hook up L1, L2, L3 and the footnote also said that the device had to be used for 220v or 440v.
Just in case someone doesn't understand how the VFD makes the motor spin at different speeds...
The motor is driven by the "wave" in the power. At 120v it is driving one side of a magnet, at -120v it is driving the other side of the magnet: Push-Pull-Push-Pull. In the simplest case, one cycle of the electrical wave makes one revolution of the motor.
So if you have a "Variable Frequency" drive, you can make the electrical wave come in faster or slower which turns the motor faster or slower. In the graph below, the blue line is "normal" (60Hz in North America so in our simple example: 60RPM), the red line is twice as fast (120RPM), and the orange line is 6 times as fast (360RPM).
Freq-Drive.PNG
I hope this helps.
GK