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Letter of Credit Discrepancies

Top 10 Letter of Credit Discrepancies

Discrepancy can be defined as an error or defect, according to the issuing bank, in the presented documents compared to the documentary credit, the...
discrepancies

Discrepancies

The issuing bank or the confirming bank must pay the credit amount to the beneficiary, when they determine that the presentation is complying. The complying...
Presentation - Top 10 Letter of Credit Discrepancies

Presentation – Top 10 Letter of Credit Discrepancies

What is a Discrepancy? There is no definition of a discrepancy under the current letter of credit rules, UCP 600. Discrepancy can be defined...
carrier not identified discrepancy

Carrier Not Identified and Bill of Lading Not Signed As Per UCP 600 Discrepancy

Bill of lading is a very important transport document, because it is suppose to evidence of contract of carriage, a receipt of goods by...
bill of lading discrepancies

Bill of Lading Discrepancies

On this post, you can find most common bill of lading discrepancy examples. Discrepancy can be defined as an error or defect, according to the...
Insurance Coverage is Insufficient Discrepancy Example

Insurance Coverage is Insufficient Discrepancy

Marine insurance, contract whereby, for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the...
Correct Addresses of the Beneficiary and the Applicant

Correct Addresses of the Beneficiary and the Applicant

When the addresses of the beneficiary and the applicant appear in any stipulated document, they need not be the same as those stated in...
Top 5 Discrepancies in a Commercial Invoice

Top 5 Discrepancies in a Commercial Invoice

Commercial invoice is one of the key documents in a letter of credit transaction. Almost all documentary credits, either commercial or standby, requesting a commercial invoice...
incoterms discrepancy

Incoterms Discrepancy

The Incoterms are a standard set of trade terms used worldwide mostly in international trade. It is also possible to use them in domestic contracts of sale. The...
Insurance Policy not Issued and Signed by an Insurance Company or its Agent

Insurance Policy not Issued and Signed by an Insurance Company or its Agent Discrepancy

Cargo insurance, also referred to as a marine cargo insurance, in general, means the insurance on goods being shipped in international trade by vessel, aircraft...
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