On this page you can find most common discrepancies under an inspection certificates.
Important Definitions Regarding the Inspection Certificates under Latest Letter of Credit Rules:
When a credit requires the presentation of an inspection certificate, this will be satisfied by the presentation of a signed document titled as inspection certificate, or bearing a similar title or even untitled, which fulfils its function by certifying the result of the indicated action, for example, the results of the inspection.
When a credit requires the presentation of a pre-shipment inspection certificate, which relates to an action required to take place on or prior to the date of shipment, the certificate must indicate:
a. an issuance date of the certificate is no later than the date of shipment; or
b. stating that the inspection of goods took place prior to, or on the date of shipment,
c. the exact title of the required certificate, such as, “Pre‐shipment Inspection Certificate”.
An inspaction certificate should be issued by the institution stated in the credit.
When a letter of credit does not state the title of an issuer, any institution including the beneficiary could issue the inspection certificate.
When a letter of credit indicates specific requirements with respect to inspection, the data regarding the inspection mentioned on the inspection certificate should comply with those requirements.