SWIFT
MT700 codes: letters of credit
Revised November 2006
Revised November 2006
|
SWIFT
MT700 codes: letters of credit
Revised November 2006 |
(*) Revised/new fields
| Swift code | Meaning | Example |
|---|---|---|
| 20 | Documentary credit number | GB 78823 |
| 23 | Issuing bank's reference | SBRE-777 |
| 31C | Date of issue | January 26, 2007 |
| 31D | Date and place of expiry | March 26, 2007 London, UK |
| 32B | Currency code amount | Twenty thousand US Dollars (USD 20,000.00) |
| 39B | Maximum credit amount | Not exceeding twenty thousand US Dollars (USD20,000.00) |
| 40A | Form of documentary credit | Irrevocable |
| 40E (*) | Applicable rules | UCP latest version. (New mandatory field) |
| 41D | Available with... by... | Draft(s) drawn on MegaBank, by payment |
| 42C | Drafts at | At sight for full invoice value |
| 42D | Drawee - name and address | MegaBank, 402 Cannon St, London WC1N 9XX, UK |
| 43P | Partial shipments | Prohibited |
| 43T | Transhipments | Permitted |
| 44A (*) | Place
of taking in charge/dispatch from place of receipt |
Southampton Container Terminal, UK |
| 44E (*) | Port of loading/airport of departure | London Gatwick , UK |
| 44F (*) | Port of discharge/Airport of destination | Sahar Airport, Mumbai, India |
| 44B (*) | Place
of final destination/for transportation to/ Place of delivery |
Prestige Imports, Mubai, India |
| 44C | Latest date of shipment | March 19, 2007 |
| 45A | Description of goods and services | 100 Blizzard computers model K-99T, CIP Mumbai |
| 46A | Documents required |
Signed
commercial invoice in five (5) copies indicating the buyers Purchase order
No. PP-876 dated January 10, 2007 |
| 47A | Additional conditions | All
documents indicating the Import License No. IP/123456 dated January 18,
2007 Draft(s) drawn under this credit must be marked "Drawn under documentary credit No. GB78823 of GlobalBank, Mumbai, India dated January 26, 2007" |
| 48 | Period of presentation | Documents must be presented for payment within 15 days after the date of shipment. |
| 49 | Confirmation instructions | Add your confirmation |
| 50 | Applicant | Prestige Imports, 1003 Connaught Street, Mumbai, India |
| 50B (*) | Non-Bank Issuer | MegaCorp Inc |
| 52A | Issuing bank | GlobalBank, Mumbai, India |
| 57D | Advise through bank | MegaBank, 402 Cannon St, London WC1N 9XX, UK |
| 59 | Beneficiary | Mantissa Limited, 1 Cresswell Park, London SE3 9RD, UK |
| 71B | Charges | All charges outside the Import-country are on beneficiary's account |
| 72 | Sender to receiver information | This is an operative instrument, no mail confirmation to follow |
| 78 | Instruction to pay/accept/negot. bank | Documents to be forwarded to us in one lot by courier |