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 3 : Late Shipment

  • Latest date of shipment is the latest date for loading on board/dispatch/taking in charge. There are two important point needs to be taken care of :
                Latest date of shipment is the date of the transport document not your loading date from your factory. For example if credit requires for a bill of lading latest                 date of shipment is the date of bill of lading. No shipping company prints bill of lading until vessel daparture from the port of loading.
                Latest date of shipment will apply only if the credit request a transport document. Otherwise we will get a late shipment discrepancy.

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