Field 39C: Additional Amounts Covered

Article Field 39C: Additional Amounts Covered is a field under the MT 700 Issue of a Documentary Credit swift message. This field specifies any additional amounts covered such as insurance, freight, interest, etc., if applicable.

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What is Field 39C: Additional Amounts Covered?

Field 39C: Additional Amounts Covered is a field in MT 700 swift message type that is used to specify any additional amounts covered such as insurance, freight, interest, etc.

This is an optional field. In most cases it is not utilized.

If used Field 39C : Additional Amount Covered, must be added to the amount in Field 32B: Currency Code, Amount to state the maximum amount covered by the letter of credit.

This field can be used to reach a CIF amount from the FOB amount as well as determination of the interest rate of the time draft or usance bill of exchange.

MT 700
Field 39C: Additional Amounts Covered:
This field specifies any additional amounts covered such as insurance, freight, interest, etc.