MT-707 - FIELD DESCRIPTION AND MEANING OF CODES
Field Definition
This field specifies the number of this message in the series of messages sent for a documentary credit, and the total number of messages in the series.
Abbreviation of codes / Related conditions
serial number of message / total number of message for this LC
Field Definition
This field specifies the reference assigned by the Sender to unambiguously identify the message.
Field Definition
This field contains the reference number assigned to the documentary credit by the Receiver of the message.
Abbreviation of codes / Related conditions
NONREF: Receiver's reference is not known
Field Definition
This field specifies the documentary credit number which was assigned by the issuing bank.
Field Definition
This field is used to identify the issuing bank, when different from the Sender of the message
Field Definition
This field specifies the non-bank issuer of the credit
Field Definition
This field specifies the date of the original issue of the documentary credit, that is, the date on which the issuing bank considers the documentary credit as being issued.
Abbreviation of codes / Related conditions
YYMMDD
Field Definition
This field specifies the sequence number that identifies this amendment
Field Definition
This field specifies the date on which the issuing bank considers the documentary credit as being amended
Abbreviation of codes / Related conditions
YYMMDD
Field Definition
This field specifies the purpose of this message
Field Definition
This field specifies that the instrument is requested to be cancelled.
Abbreviation of codes / Related conditions
Any bank in ... (city or country) | the credit is to be freely negotiable by any bank (that city / country) |
BY PAYMENT | mean payment at sight |
BY DEF PAYMENT | the specific details of the payment termsmust be specified in field 42P |
BY MIXED PYMT | the specific details of the payment termsmust be specified in field 42M |
BY ACCEPTANCE | payment commitment will be made at some future date as per LC terms |
Field Definition
This field specifies the advising bank
Field Definition
This field identifies the bank, if different from the Receiver, through which the documentary credit amendment is to be advised to the beneficiary.
Field Definition
This field specifies the new party in favour of which the documentary credit is issued.
Field Definition
This field specifies the new, that is, revised, expiry date for presentation under the documentary credit.
Field Definition
This field contains the currency and amount of an increase in the documentary credit amount
Abbreviation of codes / Related conditions
ALLOWED | Allowed under the documentary credit. |
CONDITIONAL | Conditional based on conditions specified elsewhere in the message. |
NOT ALLOWED | Not allowed under the documentary credit. |
Field Definition
This field contains the currency and amount of a decrease in the documentary credit amount.
Field Definition
This field specifies amendments to any additional amounts covered, such as insurance, freight, interest, etc.
Field Definition
This field specifies amendments to the port of loading or airport of departure to be indicated on the transport document.
Field Definition
This field specifies the final destination or place of delivery to be indicated on the transport document.
Field Definition
This field specifies amendments to the place of final destination or place of delivery to be indicated on the transport document
Abbreviation of codes / Related conditions
YYMMDD
Field Definition
This field specifies amendments to the latest date for loading on board/dispatch/taking in charge.
Field Definition
This field contains a description of the goods and/or services
Field Definition
This field contains a description of any documents required
Field Definition
This field contains a description of further conditions of the documentary credit.
Field Definition
This field specifies the party responsible for this amendment charge.
Field Definition
This field specifies the new number of calendar days after the date of shipment within which the documents must be presented for payment, acceptance or negotiation. Narrative should only be used to specify another type of date than a shipment date, for example invoice date, from which the period for presentation begins.
Field Definition
This field contains confirmation instructions for the Receiver (advising bank).
Abbreviation of codes / Related conditions
AGENT | Agent's Commission |
COMM | Our Commission |
CORCOM | Our Correspondent's Commission |
DISC | Commercial Discount |
INSUR | Insurance Premium |
POST | Our Postage |
STAMP | Stamp Duty |
TELECHAR | Tele transmission Charges |
WAREHOUS | Wharfing and Warehouse |
Field Definition
Bank which is requested to add its confirmation or may add its confirmation.
Abbreviation of codes / Related conditions
The absence of this field means that the presentation period is 21 days after the date of shipment, where applicable.
Field Definition
This field specifies the party responsible for payment of the confirmation charges.
Abbreviation of codes / Related conditions
CONFIRM | The requested confirmation party is requested to confirm the credit |
MAY ADD | The requested confirmation party may add its confirmation to the credit |
WITHOUT | No confirmation is requested |
Field Definition
This field specifies special payment conditions applicable to the receiving bank without disclosure to the beneficiary, for example, post-financing request/conditions for receiving bank only.
Field Definition
This field specifies instructions to the paying, accepting or negotiating bank.
Field Definition
This field specifies additional information for the Receiver
Field Definition
PHONBEN (Telephone beneficiary) : Please advise/contact beneficiary by phone.
TELEBEN (Telecommunication Please) : advise the beneficiary by the most efficient means of telecommunication.
M = Mandatory, O = Optional