What is Field 43T: Transshipment?
Field 43T: Transshipment is a field in MT 700 swift message type that is used to specify whether or not transshipment is allowed under the documentary credit.
This is an optional field.
According to letter of credit rules, transhipment means unloading from one means of conveyance and reloading to another means of conveyance (whether or not in different modes of transport) during the carriage from the place of dispatch, taking in charge or shipment to the place of final destination stated in the credit.
A bill of lading may indicate that the goods will or may be transshipped provided that the entire carriage is covered by one and the same bill of lading.
A bill of lading indicating that transhipment will or may take place is acceptable, even if the credit prohibits transhipment, if the goods have been shipped in a container, trailer or lash barge as evidenced by the bill of lading.
Field 43T: Transshipment:
This field specifies whether or not transshipment is allowed under the documentary credit.