Option A100*65x(Narrative)| Option A |
100*65x |
(Narrative) |
Optional
This field contains a description of further conditions of the documentary credit.
In case the documentary credit is subject to any rules for which no code words are provided in field 40E, further details should be specified in this field.
Non-adherence to UCP must be specified in this field. In addition to the provision made in the message Scope, explicit mention of adherence to UCP is recommended.
Where applicable, adherence to the International Standby Practices (ISP) rules should be indicated here. In this case, UCP does not apply.
Where applicable, for credits subject to eUCP:
Adherence to the eUCP should be indicated in this field. In this case, the credit is also subject, without express reference, to the UCP
If presentation of both electronic records and paper documents is allowed, the place for presentation of the electronic records (ie, the electronic address to which presentation must be made) as well as the place for presentation of the paper documents must be specified in this field
If presentation of only electronic records is allowed, the place for presentation of the electronic records (ie, the electronic address to which presentation must be made) must be specified in this field
If not already part of the original documentary credit, the advising bank, ie, the receiver of the message, must provide the beneficiary or another advising bank with the electronic address of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another advising bank with the electronic address where they wish the electronic records to be presented.
In case the electronic address contains the "@" sign, the latter should be replaced by "(AT)".
In case the electronic address contains the "_", the latter should be replaced by "(UNDERSCORE)".
Examples:
EUCP@DRESDNER-BANK.COM should be shown as
EUCP(AT)DRESDNER-BANK.COM
EUCP_RECS@DRESDNER-BANK.COM should be shown as
EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK.COM
To cater for lengthy documentary credits, up to three MT 701s may be sent in addition to an MT 700. However, field 47a 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 additional conditions.
This means that in any documentary credit, there is a limit of 100 lines of 65 characters to specify the additional conditions.
Some examples of valid combinations:
MT 700 contains field 45A, 46A, and 47A.
MT 700 contains field 47A; the subsequent MT 701 contains fields 45B and 46B.
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 47A; the first MT 701 contains fields 45B and 46B; the second MT 701 contains field 47B (INVALID because there are two fields 47a).
MT 700 contains field 47A; the first MT 701 contains field 47B; the second MT 701 contains fields 45B, 46B and 47B (INVALID because there are three fields 47a).
Where applicable, for credits subject to eUCP:
If presentation of both electronic records and paper documents is allowed, the place for presentation of the electronic records (ie, the electronic address to which presentation must be made) as well as the place for presentation of the paper documents must be specified in this field.
If presentation of only electronic records is allowed, the place for presentation of the electronic records (ie, the electronic address to which presentation must be made) must be specified in this field.
If not already part of the original documentary credit, the advising bank, ie, the receiver of the message, must provide the beneficiary or another advising bank with the electronic address of the issuing bank. Furthermore, the advising bank must provide the beneficiary or another advising bank with the electronic address where they wish the electronic records to be presented.
In case the electronic address contains the "@" sign, the latter should be replaced by "(AT)".
In case the electronic address contains the "_", the latter should be replaced by "(UNDERSCORE)".
Examples:
EUCP@DRESDNER-BANK.COM should be shown as
EUCP(AT)DRESDNER-BANK.COM
EUCP_RECS@DRESDNER-BANK.COM should be shown as
EUCP(UNDERSCORE)RECS(AT)DRESDNER-BANK.COM
The specification of each new item should begin on a new line, preceded by the sign '+'.
