{"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

\"transhipment<\/p>\n

What is Transhpment?<\/h2>\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

Why do you need Transhipment?<\/h2>\n

It depends upon the type of goods, POD routes, vessel types, etc.<\/p>\n