Home Letter of Credit Discrepancies

Letter of Credit Discrepancies

Notify Different Than Letter of Credit Discrepancy

Notify party is the institution, to whom the shipping company informs the arrival of the cargo. A transport document covering at least two different modes...
commercial invoice discrepancy issuer of the document

Commercial Invoice Not Issued by the Beneficiary Discrepancy

A commercial invoice is a trade document, which is generally prepared during the shipment stage. A commercial invoice is a required document for the export...
late shipment discrepancy

Late Shipment Discrepancy

Documentary credits often include a "latest date of shipment". Latest date of shipment is one of the most important definitions in commercial documentary credits. As...
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...
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...
gross weight discrepancy

Gross Weight is Different on Documents Discrepancy

In a letter of credit transaction, the gross weight must show the same value on all presented documents. As an example, the gross weight on...
commercial invoice short shipment discrepancy

Short Shipment Discrepancy

Partial shipment can be defined as shipping the goods not whole at once, but in smaller consignment(s). Partial Shipment Examples: Let us assume that letter...

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...
inspection certificate discrepancies

Inspection Certificate Discrepancies

On this page you can find most common discrepancies related to the inspection certificate, which is issued under a typical letter of credit transaction. Discrepancy...
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...
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