What is Field 39A: Percentage Credit Amount Tolerance?
Field 39A: Percentage Credit Amount Tolerance is a field in MT 700 swift message type that is used to specify the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount.
This is an optional field.
The words “about” or “approximately” used in connection with the amount of the credit or the quantity or the unit price stated in the credit are to be construed as allowing a tolerance not to exceed 10% more or 10% less than the amount, the quantity or the unit price to which they refer.
A tolerance not to exceed 5% more or 5% less than the quantity of the goods is allowed, provided the credit does not state the quantity in terms of a stipulated number of packing units or individual items and the total amount of the drawings does not exceed the amount of the credit.
Even when partial shipments are not allowed, a tolerance not to exceed 5% less than the amount of the credit is allowed, provided that the quantity of the goods, if stated in the credit, is shipped in full and a unit price, if stated in the credit, is not reduced or that sub-article 30 (b) is not applicable. This tolerance does not apply when the credit stipulates a specific tolerance or uses the expressions referred to in sub-article 30 (a).
MT 700
Field 39A: Percentage Credit Amount Tolerance:
This field specifies the tolerance relative to the documentary credit amount as a percentage plus and/or minus that amount.
FORMAT (Tolerance 1)(Tolerance 2)
Tolerance 1 specifies a positive tolerance, the Tolerance 2 specifies a negative tolerance
Note : Either field 39A or 39B, but not both, may be present.
