MT700 Field 42C/42A: Drafts at and Drawee
What MT700 fields 42C (drafts at) and 42A/42D (drawee) require, and common draft errors.
Reviewed by LCCheck team (owner-approved) · 2026-10-12
Short answer
Field 42C gives the tenor of any draft (bill of exchange), such as 'AT SIGHT' or '90 DAYS AFTER B/L DATE'. Field 42A/42D names the drawee, which under UCP 600 Art. 6(c) must not be the applicant. If 42C is present, a draft must be presented with the documents.
| 42C | Draft tenor |
|---|---|
| 42A/42D | Drawee bank |
| Rule | Drawee not applicant (Art. 6(c)) |
Draft checks
- Tenor exactly as in 42C.
- Drawn on the bank in 42A/42D.
- Amount within 32B and matching the invoice.
- Signed by the beneficiary.
- Maturity calculable from the documents.
Sources
- Swift — MT700 Issue of a Documentary Credit (category 7 standards)
- ICC — UCP 600 (Uniform Customs and Practice for Documentary Credits)
- ICC Academy — avoiding Letter of Credit discrepancies
General guidance, not legal advice. Your bank examines documents independently.
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