MT700 Sample Letter of Credit: Major Fields Explained
A fictional MT700 sample with the major fields of a Letter of Credit explained line by line.
Reviewed by LCCheck team (owner-approved) · 2026-10-12
Short answer
This fictional MT700 sample shows the major fields of a Letter of Credit and what each means for the exporter. Field names follow the SWIFT category 7 standard; values are invented for illustration.
| Message | SWIFT MT700 Issue of a Documentary Credit |
|---|---|
| Amendments | MT707 |
| Example | Fictional |
Sample fields (fictional)
- 40A Form: IRREVOCABLE.
- 20 Credit number: LC-TEST-0042.
- 31C Date of issue: 261001.
- 40E Applicable rules: UCP LATEST VERSION.
- 31D Expiry: 261215 in exporter's country.
- 50 Applicant / 59 Beneficiary: buyer and seller names and addresses.
- 32B Amount: USD125000,00.
- 39A Tolerance: 05/05.
- 41a Available with … by payment.
- 43P Partial shipments / 43T Transhipment.
- 44E/44F Ports of loading and discharge.
- 44C Latest shipment: 261120.
- 45A Goods description.
- 46A Documents required.
- 47A Additional conditions.
- 71D Charges.
- 48 Presentation period: 21 days.
- 49 Confirmation: WITHOUT.
Sources
- Swift — MT700 Issue of a Documentary Credit (category 7 standards)
- ICC — UCP 600 (Uniform Customs and Practice for Documentary Credits)
General guidance, not legal advice. Your bank examines documents independently.
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