Export-Import

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 [...]

SWIFT is a secure message platform used by banks. There are various types of SWIFT messages used in different cases. Here we are [...]

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) is an optional field in the MT700 type SWIFT message. This field specifies the charges borne by the beneficiary. Actually, it [...]

F50: Applicant is a mandatory field in MT700 SWIFT message. This field specifies the party on which request the LC is issued. Actually, [...]

Proforma Invoice (PI) is a must document for Letter of Credit. This document provides information regarding goods/services quantity, price, delivery, buyer and seller [...]

When it comes to the discussion of the letter of credit, then obviously you have to know about UPAS LC. This is a [...]

Field 39A is the percentage credit amount tolerance mentioned in the MT700 SWIFT message of the Documentary Letter of Credit. The tolerance is [...]

F48 is an optional field in MT700 swift message of Documentary letter of credit. F48 (Period of Presentation) field defines the period of [...]

Previously I’ve discussed important fields present in a Letter of Credit (i.e F46A Required Documents, F47A Additional Documents, etc.). Here we will discuss [...]