Field 47A (Additional Conditions) in Letter of Credit (L/C)

Field 47A in LC

This is an optional field in MT700 type SWIFT message of a documentary Letter of Credit (L/C). These are the conditions which are added by the buyer/applicant or the issuing bank providing further instructions to comply. Additional conditions include the information should be mentioned in commercial documents (commercial invoice, packing list), email or fax instruction, … Read more Field 47A (Additional Conditions) in Letter of Credit (L/C)

Field 46A (Documents Required) in Letter of Credit (L/C)

field 46A in letter of credit

46A (Documents Required) is an optional field in MT700 type SWIFT message of a Letter of Credit (L/C). Here the list of documents is mentioned which to be presented. Under this field, the description of the required documents is described serially. Why F46A is not mandatory? In most of the commercial L/C, this field is … Read more Field 46A (Documents Required) in Letter of Credit (L/C)

Field 41D and 41A (Available With… By…) in Letter of Credit (LC)

Field 41D in Letter of credit

You must be familiar with this field as because it’s mandatory in Letter of Credit MT700 Swift message. Available With… It indicates the bank for the presentation of documents. So the beneficiary identifies where the credit will be available upon presentation. There are two formats: 41A –¬†This is mentioned where the nominated bank is identified … Read more Field 41D and 41A (Available With… By…) in Letter of Credit (LC)