{"id":27600,"date":"2022-06-30T04:36:49","date_gmt":"2022-06-30T04:36:49","guid":{"rendered":"https:\/\/scmwizard.com\/?p=27600"},"modified":"2022-06-30T04:36:49","modified_gmt":"2022-06-30T04:36:49","slug":"field-43t-transhipment-lc","status":"publish","type":"post","link":"https:\/\/scmwizard.com\/field-43t-transhipment-lc\/","title":{"rendered":"Field 43T Transhipment in Letter of Credit"},"content":{"rendered":"
Field 43T Transhipment is an optional field in MT700 type SWFT msg<\/a>.<\/p>\n This field indicates whether the Transhipment is allowed or not under this letter of credit.<\/p>\n <\/p>\n Trnashipment is the shipment of goods using multiple modes of transportation or multiple intermediate destinations.<\/p>\n For example<\/strong> Products in containers come from China to Bangladesh via Transhipment point at Srilanka\/Malaysia\/Singapore port. The primary vessel unloads the containers to the transshipment port and then loads them again on another vessel to the final destination.<\/p>\n According to UCP 600 Article 24<\/strong><\/p>\n For the purpose of this article, transhipment means unloading from one means of conveyance and reloading to another means of conveyance, within the same mode of transport, during the carriage from the place of shipment, dispatch or carriage to the place of destination stated in the credit.<\/em><\/p><\/blockquote>\n It depends upon the type of goods, POD routes, vessel types, etc.<\/p>\n But the container vessel couldn\u2019t come to CTG, Bangladesh directly due to the draught in POD. Bigger vessels can\u2019t accommodate in CTG, BD port<\/a>.<\/p>\n Considering all the above options, buyer and seller allow transhipment in the LC.<\/p>\n Allowed<\/em> \u2013 This means transhipment is allowed in the letter of credit.<\/p>\n Not Allowed<\/em> \u2013 Transhipment is not allowed in this letter of credit.<\/p>\n Conditional<\/em> \u2013 This means transhipment allowed or not based upon the conditions mentioned in any other clause\/field in the letter of credit.<\/p>\n","protected":false},"excerpt":{"rendered":" Field 43T Transhipment is an optional field in MT700 type SWFT msg. This field indicates whether the Transhipment is allowed or not under this letter […]<\/a><\/p>\n","protected":false},"author":1,"featured_media":27604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2856],"tags":[],"yoast_head":"\nWhat is Transhpment?<\/h2>\n
Why do you need Transhipment?<\/h2>\n
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Option<\/h2>\n