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 10 : Partial shipment or transshipment effected despite L/C terms

  • Sometimes issuing banks tend to prohibit transhipments. But letter of credit rules allow transhipments in some cases even if credit prohibits transhipment. For this reason exporters should be carefully investigate the situation in regards to their transport document. Because letter of credit rules approach transhipment for each transport document differently.
  • If credit prohibits partial shipments than exporters have to make the shipment as indiacated on the credit in once.

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