Types of Letters of Credit
Have you ever heard any of the following trade finance terms and wonder their meanings: red clause, confirmed, standby, irrevocable.
These are the terms that...
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- Letters of Credit
- Letter of Credit Basics
- Letter of Credit Samples
- Swift Messages
- MT 700 Swift Message Field Specifications
- Part I
- Field 40A: Form of Documentary Credit
- Field 20: Documentary Credit Number
- Field 23: Reference to Pre-Advice
- Field 31C: Date of Issue
- Field 40E: Applicable Rules
- Field 31D: Date and Place of Expiry
- Field 51a: Applicant Bank
- Field 50: Applicant
- Field 59: Beneficiary
- Field 32B: Currency Code, Amount
- Field 39A: Percentage Credit Amount Tolerance
- Field 39B: Maximum Credit Amount
- Field 39C: Additional Amounts Covered
- Field 41a: Available With … By …
- Field 42C: Drafts at
- Field 42a: Drawee
- Field 42M: Mixed Payment
- Field 42P: Negotiation/Deferred Payment Details
- Part II
- Field 43P: Partial Shipments
- Field 43T: Transshipment
- Field 44A: Place of Taking in Charge/Dispatch from …/ Place of Receipt
- Field 44E: Port of Loading/Airport of Departure
- Field 44F: Port of Discharge/Airport of Destination
- Field 44B: Place of Final Destination/Place of Delivery
- Field 44C: Latest Date of Shipment
- Field 44D: Shipment Period
- Field 45A: Description of Goods and/or Services
- Field 46A: Documents Required
- Field 47A: Additional Conditions
- Part III
- Part I
- MT 705 Pre-Advice of a Documentary Credit
- MT 707 Amendment to a Documentary Credit
- MT 710 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit
- MT 720 Transfer of a Documentary Credit
- MT 730 Acknowledgement
- MT 732 Advice of Discharge
- MT 734 Advice of Refusal
- MT 740 Authorisation to Reimburse
- MT 742 Reimbursement Claim
- MT 747 Amendment to an Authorisation to Reimburse
- MT 750 Advice of Discrepancy
- MT 752 Authorisation to Pay, Accept or Negotiate
- MT 754 Advice of Payment/Acceptance/Negotiation
- MT 756 Advice of Reimbursement or Payment
- MT 700 Swift Message Field Specifications
- Rules
- Standby Letters of Credit
- Bank Guarantees
- Documents
- Proforma Invoice
- International Sales Contract
- Transport Documents
- Bill of Exchange
- Commercial Invoice
- Certified Commercial Invoice and Legalized Commercial Invoice
- Insurance Documents
- Health Certificate
- Inspection Certificate
- Packing List and Weight List
- Pre-Export Verification of Conformity (PVoC) Certificate
- Shipment Advice
- Questions and Answers
- Discrepancies
- Videos
Unconfirmed Letter of Credit
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