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
[...]
Purchase & Procurement
MT700 SWIFT Message in Documentary Credit
Last updated on June 3rd, 2021 at 05:10 amSWIFT is a secure message platform used by banks. There are various types of SWIFT
[...]
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.
[...]
F71D (Charges) in Letter of Credit
Last updated on June 3rd, 2021 at 05:10 amF71D (Charges) is an optional field in the MT700 type SWIFT message. This field specifies
[...]
Field 50 Applicant in Letter of Credit (LC)
Last updated on April 22nd, 2021 at 09:13 amF50: Applicant is a mandatory field in MT700 SWIFT message. This field specifies the party
[...]
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
[...]
How to Optimize Your Procurement Process
Last updated on May 6th, 2021 at 08:48 amAn effective organization has, among others, an efficient procurement process at the core. An optimized
[...]
UPAS (Usance Payable at Sight) LC explained
Last updated on June 3rd, 2021 at 05:11 amWhen it comes to the discussion of the letter of credit, then obviously you have
[...]
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,
[...]
Field 39A Percentage Credit Amount Tolerance in Letter of Credit (LC)
Last updated on April 22nd, 2021 at 09:13 amField 39A is the percentage credit amount tolerance mentioned in the MT700 SWIFT message of
[...]
