{"id":198,"date":"2018-01-12T17:35:40","date_gmt":"2018-01-12T22:35:40","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=198"},"modified":"2025-02-09T08:51:45","modified_gmt":"2025-02-09T13:51:45","slug":"how-to-read-sample-letter-of-credit","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/01\/12\/how-to-read-sample-letter-of-credit\/","title":{"rendered":"How to Read Sample Letter of Credit?"},"content":{"rendered":"\n

On my previous post, I have explained “How to Work with a Letter of Credit Sample<\/a>.”<\/p>\n\n\n\n

Today’s post is the second part of the explanatory articles regarding the letter of credit samples.<\/p>\n\n\n\n

After reading this article, you should comprehend how to read a sample letter of credit.<\/p>\n\n\n\n

On this page, you can find detailed explanations each field of a letter of credit, which is issued in a swift format.<\/p>\n\n\n\n

Please click related below links for further explanations in each letter of credit field.<\/p>\n\n\n\n\n\n\n\n

How to Read Sample Letter of Credit?<\/h2>\n\n\n\n
    \n
  1. To understand the form of documentary credit: Please look at field 40A : Form of Documentary Credit<\/strong><\/a> in the swift message.<\/li>\n\n\n\n
  2. To understand the applicant of the documentary credit. Please look at field 50 : Applicant<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  3. To understand the beneficiary of the documentary credit. Please look at field 59 : Beneficiary – Name & Address<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  4. To understand the applicable rules of the documentary credit. Please look at field 40E : Applicable Rules<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  5. To understand the date of issue of the documentary credit. Please look at field 31C : Date of Issue<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  6. To understand the date and place of expiry of the documentary credit. Please look at field 31D : Date and Place of Expiry<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  7. To understand the currency code and amount of the documentary credit. Please look at field 32B : Currency Code, Amount<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  8. To understand whether letter of credit allows any tolerance level or not. Please look at field 39B : Maximum Credit Amount<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  9. To understand\u00a0the payment terms of the documentary credit as well as by whose counters letter of credit is payable<\/strong>. Please look at field 41A : Available With…By…<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  10. To understand whether partial shipments and\u00a0transshipments\u00a0are allowed or not on the documentary credit. Please look at field 43P : Partial Shipments<\/strong><\/a> and field 43T : Transhipment<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  11. To understand the port of loading and port of discharge of the documentary credit. Please look at field 44E : Port of Loading<\/strong><\/a> and field 44F : Port of Discharge<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  12. To understand the latest date of shipment of the documentary credit. Please look at field 44C : Latest Date of Shipment<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  13. To understand how goods and services are defined on the documentary credit. Please look at field 45A : Description of Goods &\/or Services<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  14. To understand which documents are required under the documentary credit. Please look at field 46A : Documents Required<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  15. To understand what kind of additional conditions are stated on the documentary credit. Please look at field 47A : Additional Conditions<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  16. To understand which party is responsible for the charges of the documentary credit. Please look at field 71B : Charges<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  17. To understand period for presentation of the documents required under the documentary credit. Please look at field 48 : Period for Presentation<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  18. To understand whether the documentary credit is confirmed or not. Please look at field 49 : Confirmation Instructions<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  19. To understand whether any reimbursing bank defined under the documentary credit or not. Please look at field 53A : Reimbursing Bank – BIC<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  20. To understand what sort of instructions given by the issuing bank to the Paying\/Accepting\/Negotiating Bank under the documentary credit. Please look at field 78 : Instructions to Paying\/Accepting\/Negotiating Bank<\/strong><\/a> on the swift message.<\/li>\n\n\n\n
  21. To understand the second advising bank of the documentary credit. Please look at field 57D : `Advise Through` Bank -Name & Address<\/strong><\/a> on the swift message.<\/li>\n<\/ol>\n\n\n\n
    \n
    <\/div>\n\n\n\n

    \u00d6ZG\u00dcR EKER (CDCS)<\/strong><\/p>\n\n\n\n

    Letter of Credit Consultancy Services<\/strong><\/p>\n\n\n\n

    \n
    Contact us<\/a><\/div>\n<\/div>\n\n\n\n
    <\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

    On my previous post, I have explained “How to Work with a Letter of Credit Sample.” Today’s post is the second part of the explanatory articles regarding the letter of credit samples. After reading this article, you should comprehend how<\/p>\n","protected":false},"author":1,"featured_media":215,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[20],"class_list":["post-198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-samples","tag-sample-letter-of-credit"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/comments?post=198"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/215"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}