Based on the provided reference, 42 is not a clause in an LC (Letter of Credit). Instead, Field Tag 42A in an LC identifies the drawee of drafts to be drawn under the documentary credit.
In simpler terms:
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42A identifies the bank on which drafts should be drawn. This is a crucial detail for payment and negotiation processes under the LC.
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The drawee must be a bank. According to the usage rules defined by field tag 42A.
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If drafts are to be drawn on the applicant (the buyer), then this instruction must be listed in field 46A as one of the required documents.
Therefore, 42A signifies the drawee bank, not a clause or condition within the LC itself.
