Field 49 Confirmation Instructions in Letter of Credit
Field 49 Confirmation instructions is a mandatory field in MT700 type SWIFT msg. This field contains confirmation instructions for the LC receiver. According to SWIFT […]
Export-Import
Field 51a Applicant Bank in Letter of Credit
Field 51a Applicant Bank is an optional field in MT700 SWIFT message. This field specifies the Applicant bank if it’s different from the Issuing bank. […]
Field 43P Partial Shipments in Letter of Credit
F43P is an optional field in a Letter of Credit. This field specifies whether the partial shipment is to be allowed or not in this […]
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 […]
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 in the […]
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 discussing MT700 […]
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. Though LCAF […]
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 mentions who […]
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, the buyer/importer’s […]
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 information, and […]
