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...
What Happens If a Letter of Credit Calls For a Wrong Incoterms?
Daily practice shows us that Incoterms are not used in a correct way as per ICC rules.
Exporters and importers frequently use wrong incoterms in...
Commercial Invoice Discrepancies
On this page, you can find most common discrepancy examples related to the commercial invoice.
Invoice is a commercial document. A commercial invoice is a required document...
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...
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...
Commercial Invoice Shows Merchandise Not Called For Discrepancy
A commercial invoice should not indicate goods, services or performance not called for in the credit.
As per letter of credit rules and international standard...
Proforma Invoice Presented Instead of a Commercial Invoice Discrepancy
A proforma invoice is a commercial document, usually prepared during the negotiation stage of the order.
A proforma invoice is a quote in an 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
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...
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...