What are the top 10 discrepancies in letters of credit?
You can eliminating most of discrepancies in a letter of credit presentation if you will understand the top 10 discrepancies in letters of credit. 

 





























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late-shipment-discrepancy-letter-of-credit-2
Most common discrepancy 3 : Late Shipment

  • Example : Letter of credit requires presentation of a bill of lading with the details below.
          46A:Documents Required
          +3/3 ORIGINAL BILL OF LADING CLEAN AND SHIPPED ON BOARD TO THE ORDER OF BANQUE AL BARAKA D`ALGERIE, NOTIFY APPLICANT MARKED FREIGHT                  PREPAID.
          44C: Latest Date of Shipment
          121210 (should be read as 10.December.2012) 

We have to present a bill of lading showing “ship on board” date earlier than the latest date of shipment.






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