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Additional amount covered

Posted: Mon Sep 06, 2010 4:49 pm
by cristiand969
Does the amount in field field 39c ' additional amount covered' is included in credit amount 32B or is an amount permitted beyond field 32B? For what types of transactions can be used?
Thank you in advance!

in addition

Posted: Mon Sep 06, 2010 6:34 pm
by picant
Hi Pal,

the amount indicated in field 39C, additional amount covered, must be added to the amount in field 32 B to state the maximum amount covered by the l/c.
The tolerance in field 39 A, is to be added to the field 32 B to indicate the bank's credit risk.
Other comments appreciated
Ciao

i agree

Posted: Fri Sep 10, 2010 4:11 pm
by berry
i agree with picant. The SWIFT defines the field as

This field specifies any additional amounts available to the beneficiary under the terms of the credit, such as
insurance, freight, interest, etc.