
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 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) is an optional field in the MT700 type SWIFT message. This field specifies the charges borne by the beneficiary. Actually, it mentions who […]
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 (PI) is a must document for Letter of Credit. This document provides information regarding goods/services quantity, price, delivery, buyer and seller information, and […]