ARTICLE NO.79 ON THE LETTER OF CREDIT

[SANUSILAMIN]

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,

[picant]

Hi Pal,

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

[Fajar]

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

[JAX1066]

Think the person posting means field 79 in the MT700 SWIFT

[cristiand969]

Think the person posting means field 79 in the MT700 SWIFT

MT 700 does not contain any field numbered 79

[valentinatacci]

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

[SANUSILAMIN]

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