ARTICLE NO.79 ON THE LETTER OF CREDIT

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SANUSILAMIN
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ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by SANUSILAMIN » Thu Jan 18, 2018 5:35 pm

DEAR ALL
I OPENED CONFIRMED LC FOR A VENDOR HIS BANK IS ABN AMRO , THE BENEFICIARY NOW ASK ME TO DELETE THE ARTICLE NO.79 ON THE LC AND I DID NOT FILL IN THIS ARTICLE WHEN I PREPARED THE APPLICATION OF LC BEFORE SENDING IT THO MY BANK.
KINDLY INFORM ME ABOUT THE MEANING OF THIS ARTICLE ALSO COULD I INSTRUCT MY BANK TO DELETE IT FROM THE LC ACCORDING TO THE REQUEST OF VENDOR.
NOTE: MT 700 WHICH RECEIVED FROM MY BANK NOT SHOWN THE ARTICLE NO.79 BUT THE OPENING LC NOTIFICATION SHOWN THIS ARTICLE BECAUSE MY BANK INDICATE THE LC AVAILABLE WITH BANCA UBE IN ROME TO NOTIFY ABN AMRO BANK N.V IN AMSTERDAM .

I HOPE THIS CLEAR TO UNDERSTAND AND CLARIFY
REGARDS,

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picant
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Re: ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by picant » Sun Jan 21, 2018 9:42 pm

Hi Pal,

frankly I dont understant art.79-Could you clarify? Thanks

Fajar
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Re: ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by Fajar » Mon Jan 22, 2018 11:08 am

There is no such thing like article 79 in ucp, please clarify

JAX1066
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Re: ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by JAX1066 » Tue Jan 30, 2018 6:07 pm

Think the person posting means field 79 in the MT700 SWIFT

cristiand969
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Re: ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by cristiand969 » Wed Jan 31, 2018 12:45 pm

JAX1066 wrote:
Tue Jan 30, 2018 6:07 pm
Think the person posting means field 79 in the MT700 SWIFT
MT 700 does not contain any field numbered 79

valentinatacci
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Re: ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by valentinatacci » Wed Jan 31, 2018 4:08 pm

DEar Sirs
probably you intend a separate message sent to ABN AMRO as non dual use declaration by MT 799 with a specification on field 79
Pls check with yr client
Regards

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SANUSILAMIN
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Re: ARTICLE NO.79 ON THE LETTER OF CREDIT

Post by SANUSILAMIN » Thu Feb 01, 2018 5:48 pm

DEAR ALL
POINT NO.79 MENTIONED AS A NARRATIVE NOT ARTICLE
I HOPE THIS CLEAR NOW.
REGARDS,,

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