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. 


Most common discrepancy 4 : Late Presentation

  • If presentation contains a transport document as an exporter you have to collect all the required documents under the letter of credit and present them to the nominated bank. According to UCP 600 you have 21 days after shipment to complete the presentation. But please keep in mind that this period can be shorten by the issuing banks. 
  • If you make the presentation after permitted periods then you will receive a late presentation discrepancy.

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