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. 

 





























.
letter-of-credit-expried-discrepancy
Most common discrepancy 5 : Letter of Credit Expired

  • According to current letter of credit rules except as provided in sub-article 29 (a), a presentation by or on behalf of the beneficiary must be made on or before the expiry date.
  • If you make the presentation after expiry date then you will receive a letter of credit expired discrepancy.
  • Normally banks should not accept any document that has been presented after the expiry date of the credit. But banks left the ultimate decision to the applicants on this regard and evaluate late presentation after the expiry date as a discrepancy.






Letter of Credit | About Us | Our Services | Contact | CDCS | Certified Documentary Credit Specialist |© 2009-2010 Letter of Credit Consultancy Services. All rights reserved. Best view with 1024 X 768 resolution.                                                                                         | Privacy Policy |Hi, my name is Ozgur Eker(CDCS). You can connect with me either via my contact form or Google Plus.
letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.