What is Field 31D: Date and Place of Expiry?
Field 31D: Date and Place of Expiry is a field in MT 700 swift message type that is used to specify the latest date for presentation under the documentary credit and the place where documents may be presented.

 





























.
MT 700 
31D: Date and Place of Expiry
USAGE RULES
Date must contain a valid date expressed as YYMMDD.




letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.

  • Field 31D: Date and Place of Expiry :

  • This field specifies the latest date for presentation under the documentary credit and the place where documents may be presented.
  • A credit must state an expiry date for presentation. An expiry date stated for honour or negotiation will be deemed to be an expiry date for presentation.
  • The place of the bank with which the credit is available is the place for presentation. The place for presentation under a credit available with any bank is that of any bank. A place for presentation other than that of the issuing bank is in addition to the place of the issuing bank.
  • Except as provided in sub-article 29 (a), a presentation by or on behalf of the beneficiary must be made on or before the expiry date.


Sample 31D: Date and Place of Expiry
Keywords :Date and Place of Expiry of letter of credit, mt 700 swift, Standards MT Messages Implementation Guidelines - Swift, SWIFT MT700 codes, SWIFTStandards - Category 7 - Documentary Credits, What is swift mt 700 in banking, MT 700 sender definately is a LC issuing bank, MT 700 Series, Complete MT700, MT700 codes, Mt700 swift format in doc, MT700 or MT760 or ISO 20022

Letter of Credit | About Us | Our Services | Contact | CDCS | Certified Documentary Credit Specialist |© 2009-2010 Letter of Credit Consultancy Services. All rights reserved. Best view with 1024 X 768 resolution.                                                                                         | Privacy Policy |Hi, my name is Ozgur Eker(CDCS). You can connect with me either via my contact form or Google Plus.