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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incorrect-data-discrepancy-lc
Most common discrepancy 2 : Incorrect Data

  • UCP 600 states that " A nominated bank acting on its nomination, a confirming bank, if any, and the issuing bank must examine a presentation to determine, on the basis of the documents alone, whether or not the documents appear on their face to constitute a complying presentation.”
  • If you enter a data in any requested document resulting a conflict with the credit terms and conditions than you will receive incorrect data discrepancy.







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