MT 700 Field Specifications

28. Field 45A: Description of Goods and/or Services

FORMAT

Option A

100*65x

(Narrative)

PRESENCE

Optional

DEFINITION

This field contains a description of the goods and/or services.

USAGE RULES

Terms such as FOB, CIF, etc. should be specified in this field.

To cater for lengthy documentary credits, up to three MT 701s may be sent in addition to an MT 700. However, field 45a may appear in only one message, ie, either in the MT 700 or in one MT 701.

This means that in any documentary credit, there is a limit of 100 lines of 65 characters to specify the description of goods and/or services.

Some examples of valid combinations:

• MT 700 contains field 45A, 46A, and 47A.

• MT 700 contains field 45A; the subsequent MT 701 contains fields 46B and 47B.

• MT 700 contains field 46A; the subsequent MT 701 contains fields 45B and 47B.

• MT 700 contains field 46A; the first MT 701 contains field 45B; the second MT 701 contains field 47B.

• MT 700 does not contain fields 45A, 46A or 47A; the first MT 701 contains field 45B; the second MT 701 contains field 46B; the third MT 701 contains field 47B.

Some examples of invalid combinations:

• MT 700 contains field 45A; the first MT 701 contains fields 45B and 46B; the second MT 701 contains field 47B (INVALID because there are two fields 45a).

• MT 700 contains field 45A; the first MT 701 contains field 45B; the second MT 701 contains fields 45B, 46B and 47B (INVALID because there are three fields 45a).

The specification of each new item should begin on a new line, preceded by the sign '+'.