C849 Parties to instruction

Composite elementInteractive

Identify the sending and receiving parties of the instruction.

Elements

PositionElementNameTypeMin/MaxRepeat
C849-103301Party enacting instruction identificationMandatoryID1/171
C849-203285Recipient of the instruction identificationOptID1/171

Element Details

ID3301NameParty enacting instruction identificationLength1/17Codes
  • <>1
    The financial institution which is requested to issue the documentary credit.
  • <>4
    The buyer is responsible for carrying out the instruction.
  • <>2
    The financial institution which issues the documentary credit, if the applicant's bank is not acting as the issuing bank.
  • <>5
    The seller is responsible for carrying out the instruction.
  • <>3
    The financial institution with which the beneficiary maintains an account.