Field 40E: Applicable Rules in Letter of Credit
F40E: Applicable rules are a mandatory field in MT700 SWIFT message. This field specifies the rules which is followed by this LC is issued. This […]
F40E: Applicable rules are a mandatory field in MT700 SWIFT message. This field specifies the rules which is followed by this LC is issued. This […]
Blockchain is one of the most progressive technological trends in recent years. The reason for this popularity is the development of cryptocurrencies. But it would […]
F59: Beneficiary is a mandatory field in MT700 SWIFT message. This field specifies the party on which favor the LC is issued. Like the Applicant in the […]
SWIFT is a secure message platform used by banks. There are various types of SWIFT messages used in different cases. Here we are discussing MT700 […]
LCAF form is a Letter of Credit Authorization Form. It is used to allow opening LC (Letter of Credit) to import from abroad. Though LCAF […]
The creation of a product or service involves a full range of activities or steps between conception and distribution. This includes raw material procurement and […]
Every business in the contemporary globalized marketplace wants to achieve a competitive advantage to stay in business longer. But it is not all businesses that […]
F71D (Charges) is an optional field in the MT700 type SWIFT message. This field specifies the charges borne by the beneficiary. Actually, it mentions who […]
F50: Applicant is a mandatory field in MT700 SWIFT message. This field specifies the party on which request the LC is issued. Actually, the buyer/importer’s […]
A Proforma Invoice (PI) is a must document for a Letter of Credit. This document provides information regarding goods/services quantity, price, delivery, buyer and seller […]