MT700 / Letter of Credit Field Extractor
Paste or upload a SWIFT MT700 your advising bank sent. The extractor splits it into tagged fields, pulls the terms that drive compliance, and flags workability problems such as an expiry that falls before the presentation period ends. Scanned PDFs and photos are transcribed with AI-grade OCR (sign-in required).
Every field is scored for extraction confidence; highlighted spans show the exact characters each field was parsed from. Parsing runs entirely in your browser - the pasted credit text is never uploaded. Upload a scanned LC above to transcribe it with AI OCR first. Keep the leading colons (`:31D:`) so field boundaries are detected correctly.
Review & correct extracted fields
Fix anything OCR misread. Edits update the key terms, the UCP 600 checks and the PDF report instantly - regenerate the report once the values look right.
Extraction confidence: 100% · 0 of 25 fields flagged for a second look
Key terms
| Credit number (20) | ILC2026DXB004471 |
| Form (40A) | IRREVOCABLE |
| Rules (40E) | UCP LATEST VERSION |
| Date of issue (31C) | 2026-03-02 |
| Expiry (31D) | 2026-04-30 · DUBAI, UAE |
| Amount (32B) | USD 1,250,000.00 |
| Tolerance (39A/39B) | +05% / -05% |
| Applicant (50) | GLOBAL TRADING CO, 1 TRADE AVE, ROTTERDAM, NL |
| Beneficiary (59) | /AE070331234567890123456, ACME EXPORTS FZE, JEBEL ALI FREE ZONE, DUBAI, UAE |
| Available with (41) | ANY BANK |
| Available by (41) | NEGOTIATION |
| Tenor (42C/42P) | AT SIGHT |
| Partial shipments (43P) | NOT ALLOWED |
| Transhipment (43T) | NOT ALLOWED |
| Port of loading (44E/44A) | JEBEL ALI, UAE |
| Port of discharge (44F/44B) | ROTTERDAM, NL |
| Latest shipment (44C/44D) | 2026-04-15 |
| Presentation period (48) | 15 DAYS AFTER SHIPMENT DATE |
| Confirmation (49) | WITHOUT |
| Charges (71B) | ALL CHARGES OUTSIDE UAE ARE FOR BENEFICIARY ACCOUNT |
Workability checks
- 15 days between latest shipment and expiry; the presentation period is 15 days.
- Field 49 is WITHOUT - the advising bank adds no confirmation, so you carry issuing-bank and country risk.
- Field 71B places charges outside the issuing country on the beneficiary - price these into your margin.
- Transhipment prohibited (43T) - note UCP 600 Art. 20(c) still permits it for containerised cargo on a single B/L.
| Tag | Field | Value |
|---|---|---|
| 27 | Sequence of Total | 1/1 |
| 40A | Form of Documentary Credit | IRREVOCABLE |
| 20 | Documentary Credit Number | ILC2026DXB004471 |
| 31C | Date of Issue | 260302 |
| 40E | Applicable Rules | UCP LATEST VERSION |
| 31D | Date and Place of Expiry | 260430 DUBAI, UAE |
| 50 | Applicant | GLOBAL TRADING CO 1 TRADE AVE ROTTERDAM, NL |
| 59 | Beneficiary | /AE070331234567890123456 ACME EXPORTS FZE JEBEL ALI FREE ZONE DUBAI, UAE |
| 32B | Currency Code and Amount | USD1,250,000.00 |
| 39A | Percentage Credit Amount Tolerance | 05/05 |
| 41D | Available With ... By ... | ANY BANK BY NEGOTIATION |
| 42C | Drafts at ... | AT SIGHT |
| 42A | Drawee | INGBNL2AXXX |
| 43P | Partial Shipments | NOT ALLOWED |
| 43T | Transhipment | NOT ALLOWED |
| 44E | Port of Loading / Airport of Departure | JEBEL ALI, UAE |
| 44F | Port of Discharge / Airport of Destination | ROTTERDAM, NL |
| 44C | Latest Date of Shipment | 260415 |
| 45A | Description of Goods and/or Services | REFINED SUGAR ICUMSA 45, 50 KG PP BAGS CIF ROTTERDAM INCOTERMS 2020 |
| 46A | Documents Required | +SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS +FULL SET 3/3 CLEAN ON BOARD OCEAN BILL OF LADING +PACKING LIST IN 3 COPIES +CERTIFICATE OF ORIGIN ISSUED BY CHAMBER OF COMMERCE +SGS INSPECTION CERTIFICATE AT LOADING |
| 47A | Additional Conditions | ALL DOCUMENTS MUST QUOTE LC NUMBER THIRD PARTY DOCUMENTS ACCEPTABLE |
| 48 | Period for Presentation | 15 DAYS AFTER SHIPMENT DATE |
| 49 | Confirmation Instructions | WITHOUT |
| 71B | Charges | ALL CHARGES OUTSIDE UAE ARE FOR BENEFICIARY ACCOUNT |
| 78 | Instructions to the Paying/Accepting/Negotiating Bank | DOCUMENTS TO BE FORWARDED IN ONE LOT BY COURIER |
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Overview & methodology
What is an MT700 field extractor?
Numerical Example: Non-Workable LC Scenario
If shipment happens on the latest allowed date (April 15), the exporter needs until May 6 to present. Since the LC expires on April 30, it is non-workable and requires an amendment.
What to Check the Moment an MT700 Arrives
The first read of a documentary credit is a workability test, not a document check. Compare the latest shipment date in field 44C with the expiry in 31D: if the gap is shorter than the presentation period in field 48 - or the 21 calendar days UCP 600 Art. 14(c) imposes when 48 is silent - you can ship on time and still be unable to present. Confirm the amount and tolerance in 32B/39A cover your contract quantity, that field 49 matches the confirmation you negotiated, and that the documents listed in 46A are ones you can actually obtain within the window. Anything that fails these tests needs an amendment before you commit vessel space.
Related tools: MT700 Fields, LC Checklist.
Method note: calculations run in your browser using the formulas and published rule books cited on this page. Results are free estimates for planning, with no login required, and should be confirmed with your bank, broker or the official source before you commit.
Frequently asked questions
What is an MT700 message?
MT700 is the SWIFT standard format for issuing a Letter of Credit. It contains all LC terms: amount, currency, expiry, shipment dates, document requirements, and conditions. Banks transmit MT700s to each other and to the exporter. MT700 is the authoritative source for LC terms.
Why extract MT700 fields?
Extracting MT700 fields into structured data makes it easy to cross-check the LC against your documents, contract, and Incoterm. You can spot discrepancies (e.g., LC expires before your latest shipment date) before presenting documents and risk bank rejection.
What if my MT700 text is garbled or from OCR?
Paste the raw text (even OCR output with errors) and the tool will attempt to extract key fields. It looks for SWIFT field tags like ':20:' (reference), ':31D:' (expiry), ':32B:' (amount). If OCR is too corrupted, manual review is needed-contact your bank for a clean copy.
Related guides & templates
Reviewed by SSLT Global Trade Compliance Team ·Methodology&Primary Sources