WHERE MT 700 DOES NOT CONTAIN FIELD 43P

QUESTION

Dear Mr. Old Man,

We received a SWIFT MT 700 which does not contain Field 43P (Partial shipments).

I want to know whether partial shipments are allowed or not allowed.

Thank you for your clarification.

Best regards,

PTT

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ANSWER

Hi,

Field 43P (partial shipments) specifies whether or not partial shipments are allowed under the LC. This field is to  be completed with one of three codes: “Allowed”, “Conditional” or “Not Allowed”. In the event “Conditional” is used, specific details will be added in Field 47A.

Allowed – Partial shipments are allowed under the LC

Not Allowed – Partial shipments are not allowed under the LC

Conditional – Shipment option depends  on any condition stated in the LC

Since Field 43P is an optional field, and not a mandatory field, it may not be present in MT 700. Where MT 700 does not contain Field 43P, it is understood, based on sub-article 31 (a) UCP 600, that partial shipments are allowed.

Best regards,

Mr. Old Man