Collocation problem

Unfortunately, this is a known issue (SNAP-662).
You can fix this by removing the valid-pixel expression from the bands, if you don’t need it.
or you can update the expressions.
In your case, you need to replace ‘c2rcc_flags_S3.Valid_PE_S3’ by ‘c2rcc_flags_S3.Valid_PE’
And for the other flags accordingly.
You can change the valid expression as follows:

        nodes = result.getRasterDataNodes()
        for n in nodes
            validPixelExpression = n.getValidPixelExpression()
            # Change expression
            n.setValidPixelExpression(validPixelExpression)

Sorry, for the inconvenience this is causing. I hope it can be fixed soon.