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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Purchase & Procurement
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
Last updated on April 8th, 2021 at 08:29 amWhen it comes to the discussion of the letter of credit, then obviously you have
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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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Field 48 (‘Period for presentation in days’) in Letter of Credit (L/C)
Last updated on January 2nd, 2021 at 12:12 pmF48 is an optional field in MT700 swift message of Documentary letter of credit. F48
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Field 57A (‘Advise Through’ Bank) in Letter of Credit (L/C)
Last updated on July 1st, 2020 at 04:05 amPreviously I’ve discussed important fields present in a Letter of Credit (i.e F46A Required Documents,
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Field 47A (Additional Conditions) in Letter of Credit (L/C)
Last updated on April 8th, 2021 at 08:32 amThis is an optional field in the MT700 type SWIFT message of a documentary Letter
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Field 46A (Documents Required) in Letter of Credit (L/C)
Last updated on April 4th, 2021 at 07:31 am46A (Documents Required) is an optional field in MT700 type SWIFT message of a Letter
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