MT 710 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit

MT 710 Scope

This message is sent by an advising bank, which has received a documentary credit from the issuing bank or the non-bank issuer, to the bank advising the beneficiary or another advising bank.

It is used to advise the Receiver about the terms and conditions of a documentary credit.

MT 710 Format Specifications

Status	Tag	Field Name	Content/Options	No.
M	27	Sequence of Total	1!n/1!n	1
M	40B	Form of Documentary Credit	24x 24x	2
M	20	Sender’s Reference	16x	3
M	21	Documentary Credit Number	16x	4
O	23	Reference to Pre-Advice	16x	5
M	31C	Date of Issue	6!n	6
M	40E	Applicable Rules	30x[/35x]	7
M	31D	Date and Place of Expiry	6!n29x	8
O	52a	Issuing Bank	A or D	9
O	50B	Non-Bank Issuer	4*35x	10
O	51a	Applicant Bank	A or D	11
M	50	Applicant	4*35x	12
M	59	Beneficiary	[/34x] 4*35x	13
M	32B	Currency Code, Amount	3!a15d	14
O	39A	Percentage Credit Amount Tolerance	2n/2n	15
O	39B	Maximum Credit Amount	13x	16
O	39C	Additional Amounts Covered	4*35x	17
M	41a	Available With … By …	A or D	18
O	42C	Drafts at …	3*35x	19
O	42a	Drawee	A or D	20
O	42M	Mixed Payment Details	4*35x	21
O	42P	Deferred Payment Details	4*35x	22
O	43P	Partial Shipments	35x	23
O	43T	Transshipment	35x	24
O	44A	Place of Taking in Charge/Dispatch from …/Place of Receipt	65x	25
O	44E	Port of Loading/Airport of Departure	65x	26
O	44F	Port of Discharge/Airport of Destination	65x	27
O	44B	Place of Final Destination/For Transportation to …/Place of Delivery	65x	28
O	44C	Latest Date of Shipment	6!n	29
O	44D	Shipment Period	6*65x	30
O	45A	Description of Goods and/or Services	100*65x	31
O	46A	Documents Required	100*65x	32
O	47A	Additional Conditions	100*65x	33
O	71B	Charges	6*35x	34
O	48	Period for Presentation	4*35x	35
M	49	Confirmation Instructions	7!x	36
O	53a	Reimbursing Bank	A or D	37
O	78	Instructions to the Paying/Accepting/Negotiating Bank	12*65x	38
O	57a	‘Advise Through’ Bank	A, B, or D	39
O	72	Sender to Receiver Information	6*35x	40

MT 710 Network Validated Rules

• C1 Either field 39A or 39B, but not both, may be present (Error code(s): D05).
• C2 When used, fields 42C and 42a must both be present (Error code(s): C90).
• C3 Either fields 42C and 42a together, or field 42M alone, or field 42P alone may be present. No other combination of these fields is allowed (Error code(s): C90).
• C4 Either field 44C or 44D, but not both, may be present (Error code(s): D06).
• C5 Either field 52a “Issuing Bank” or field 50B “Non-Bank Issuer”, but not both, must be present (Error code(s): C06).

MT 710 Usage Rules

• When the documentary credit message exceeds the maximum input message length, additional documentary credit information should be transmitted via one or more MT 711s. Up to three MT 711s may be sent in addition to the MT 710.
• Unless otherwise specified, a documentary credit advised to the beneficiary or another advising bank based on a SWIFT message constitutes an operative credit instrument.
• For freely negotiable documentary credits, if the Receiver does not further transmit the credit by another MT 710, it must add sentences to the effect that:
  • The advice to the beneficiary must be presented at each negotiation.
  • The negotiating bank must note each negotiation on that advice.
• To avoid misunderstandings, where possible, banks are to use Identifier Codes rather than expressions such as ourselves, yourselves, us, or you.
• If this message is used to advise a non-bank issued documentary credit, field 50B must be present.
• The advising bank must advise a documentary credit, including all its details, in a way that is clear and unambiguous to the beneficiary