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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carrier-not-identifed-on-bl-discrepancy
Most common discrepancy 7 : Carrier not defined on the bill of lading / bill of lading signed by Improper Authority
UCP 600 Article 20 indicates that : 
  • A bill of lading, however named, must appear to:
i. indicate the name of the carrier and be signed by:
- the carrier or a named agent for or on behalf of the carrier, or
- the master or a named agent for or on behalf of the master.
  • Any signature by the carrier, master or agent must be identified as that of the carrier, master or agent.
  • Any signature by an agent must indicate whether the agent has signed for or on behalf of the carrier or for or on behalf of the master.






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