{"id":2475,"date":"2018-08-02T12:30:59","date_gmt":"2018-08-02T16:30:59","guid":{"rendered":"http:\/\/www.letterofcredit.biz\/?p=2475"},"modified":"2023-07-02T11:29:36","modified_gmt":"2023-07-02T15:29:36","slug":"field-40a-form-of-documentary-credit","status":"publish","type":"post","link":"https:\/\/www.letterofcredit.biz\/index.php\/2018\/08\/02\/field-40a-form-of-documentary-credit\/","title":{"rendered":"Field 40A: Form of Documentary Credit"},"content":{"rendered":"<p><strong>What is field 40A: Form of Documentary Credit?<\/strong><\/p>\n<p>Field 40A: Form of Documentary Credit is a field in MT 700 swift message that is used to indicate the form of the letter of credit.<\/p>\n<p>This is a mandatory field, which means that it must be stated in all of the letters of credit issued via MT 700 swift format.<\/p>\n<p>This field specifies the type of credit.<\/p>\n<p><strong>Codes:<\/strong> One of the following codes must be used<\/p>\n<ul>\n<li>IRREVOCABLE The documentary credit is irrevocable.<\/li>\n<li>IRREVOCABLE TRANSFERABLE The documentary credit is irrevocable and transferable.<\/li>\n<\/ul>\n<p><strong>MT 700<\/strong><br \/>\n<strong>Field 40A: Form of Documentary Credit<\/strong><br \/>\n<strong>USAGE RULES<\/strong><br \/>\nDetails of any special conditions applying to the transferability of the credit and\/or the bank authorised to transfer the credit in a freely negotiable credit should be included in field 47A Additional Conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is field 40A: Form of Documentary Credit? Field 40A: Form of Documentary Credit is a field in MT 700 swift message that is used to indicate the form of the letter of credit. This is a mandatory field, which<\/p>\n","protected":false},"author":1,"featured_media":2481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[273],"tags":[275,276,238,239],"class_list":["post-2475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mt-700-issue-of-a-documentary-credit","tag-field-40a-form-of-documentary-credit","tag-mt-700-issue-of-a-documentary-credit","tag-swift","tag-swift-messages"],"_links":{"self":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2475","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=2475"}],"version-history":[{"count":0,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/posts\/2475\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media\/2481"}],"wp:attachment":[{"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/media?parent=2475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/categories?post=2475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.letterofcredit.biz\/index.php\/wp-json\/wp\/v2\/tags?post=2475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}