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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...
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...

Blank Back Bill of Lading Not Acceptable

A Blank Back Bill of Lading, also known as Short Form Bill of Lading, is a type of transport document that does not include...
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...
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...
port of discharge discrepancy

Port of Discharge Different Than Letter of Credit Discrepancy

A bill of lading is a generic term for a transport document, that covers transport by sea from a port of loading to a...
inspection certificate not issued as per letter of credit

Inspection Certificate Not issued and Signed by the Party Required by the Letter of...

Inspection in international trade can be defined as a process of checking the quality of goods against the contractual requirements. Because, the importer and exporter...
description of goods discrepancy commercial invoice

Description of Goods Discrepancy

According to the letter of credit rules and international standard banking practices, the description of the goods, services or performance shown on the commercial...
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...
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