Article 38(j)

General questions regarding UCP 600
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mkania
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Joined: Thu Jan 12, 2023 10:36 am

Article 38(j)

Post by mkania » Thu Jan 12, 2023 10:42 am

How does in practice application of article 38(j) in MT720 look alike? Would it be something like this:
MT700
:TAG40B: Form of Documentary Credit: IRREVOCALBE TRANSFERABLE
:TAG31D: Date and Place of Expiry: 230324 COUNTRY A
:TAG41D: Available With By: ANY BANK IN COUNTRY A BY NEGOTIATION
:TAG42C: Drafts At: AT SIGHT
:TAG42A: Drawee: ISSUING BANK
:TAG49: Confirmation Instructions: WITHOUT

MT720
:TAG40B: Form of Documentary Credit: IRREVOCALBE WITHOUT OUR CONFIRMATION
:TAG31D: Date and Place of Expiry: 230310 COUNTRY B
:TAG41D: Available With By: ANY BANK IN COUNTRY B BY NEGOTIATION
:TAG42C: Drafts At: AT SIGHT
:TAG42A: Drawee: ISSUING BANK
:TAG49: Confirmation Instructions: WITHOUT
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