Field 59 Beneficiary in Letter of Credit (LC)
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
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Purchase & Procurement
MT700 SWIFT Message in Documentary Credit
SWIFT is a secure message platform used by banks. There are various types of SWIFT messages used in different cases. Here we are
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LCAF (Letter of Credit Authorization Form)
LCAF form is a Letter of Credit Authorization Form. It is used to allow opening LC (Letter of Credit) to import from abroad.
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F71D (Charges) in Letter of Credit
F71D (Charges) is an optional field in the MT700 type SWIFT message. This field specifies the charges borne by the beneficiary. Actually, it
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Field 50 Applicant in Letter of Credit (LC)
F50: Applicant is a mandatory field in MT700 SWIFT message. This field specifies the party on which request the LC is issued. Actually,
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Proforma Invoice in the LC
Proforma Invoice (PI) is a must document for Letter of Credit. This document provides information regarding goods/services quantity, price, delivery, buyer and seller
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How to Optimize Your Procurement Process
An effective organization has, among others, an efficient procurement process at the core. An optimized procurement strategy has a positive domino effect throughout
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UPAS (Usance Payable at Sight) LC explained
When it comes to the discussion of the letter of credit, then obviously you have to know about UPAS LC. This is a
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7 Supply Chain Outsourcing Strategies That Will Triple Your Revenue
Logistics and supply chain is one of the most challenging concepts for eCommerce businesses. Due to the increasing global demand for procurement, manufacturing,
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Field 39A Percentage Credit Amount Tolerance in Letter of Credit (LC)
Field 39A is the percentage credit amount tolerance mentioned in the MT700 SWIFT message of the Documentary Letter of Credit. The tolerance is
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