MT750 (Advice of Discrepancy) is a type of SWIFT message standard used for interbank notification of discrepancies in documents under a documentary credit. When the negotiating bank or presenting bank examines the documents submitted by the beneficiary and finds that they do not comply with the terms of the credit, it sends an MT750 to the issuing bank, listing all discrepancies and requesting the issuing bank to accept or refuse payment. Usage scenarios include: after the exporter presents documents, the bank discovers discrepancies during document examination and needs to notify the issuing bank and seek its opinion. Precautions: MT750 should clearly and completely list all discrepancies to avoid omissions; upon receipt, the issuing bank must reply within a reasonable time (usually 5 banking days), otherwise it may be deemed as acceptance. Unlike MT734 (Notice of Refusal), MT750 is a proactive notification of discrepancies seeking acceptance, whereas MT734 is a formal refusal by the issuing bank. Compared with MT799 (free format message), MT750 has a specific format and purpose. Foreign trade practitioners should understand the MT750 process to handle discrepancies promptly and avoid payment losses.
📝 Examples
1. After examining the documents, the negotiating bank found that the bill of lading date was later than the latest shipment date stipulated in the credit, and immediately sent an MT750 to the issuing bank, listing the discrepancy and requesting acceptance. (Note: The bank notifies the discrepancy and seeks acceptance from the issuing bank.)
2. After receiving the MT750, the issuing bank found the discrepancy to be valid, but considering the long-term cooperative relationship with the importer, decided to accept the discrepancy and pay. (Note: The issuing bank's reply and handling of the MT750.)
💡 Foreign Trade Tips
Foreign trade terms are the foundation of international business communication
Trade practices may vary slightly by country; pay attention when using them
When using terms in contracts, specify the applicable version (e.g., Incoterms 2020)
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