1. What is a Discrepancy?
- There is no definition of a discrepancy under the current letter of credit rules, UCP 600.
- Discrepancy can be defined as inconsistencies on the documents which are presented to the banks under letters of credit transactions.
![](https://www.letterofcredit.biz/wp-content/uploads/Top-10-Discrepancies-in-Letters-of-Credit-02-696x538.png)