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...
Consignee Different Than Letter of Credit Discrepancy
Consignee field on the multimodal bill of lading must be completed according to the instructions stated in the letter of credit.
In a contract of...
Place of Receipt Different than the Letter of Credit Discrepancy
Multimodal bill of lading is a type of transport document, that is used when the shipment covers at least two different modes of transport.
On...
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...
Multimodal Bill of Lading Discrepancies
Multimodal transportation is the movement of one unit load from origin to destination by several methods or transportation under one document without breaking up the unit...
Multimodal Bill of Lading Late Shipment Discrepancy
Most commercial letters of credit rely on shipment of goods to perform its role.
Under a typical commercial letter of credit, the exporter ships the...
Multimodal Bill of Lading Does Not Cover At Least Two Different Modes of Transport...
A transport document covering at least two different modes of transport is regarded as a multimodal bill of lading according to the letter of...
Description of Goods on the Multimodal Bill of Lading is Inconsistent Discrepancy
According to the letter of credit rules, the commercial invoice must contain a description of goods, which corresponds to that indicated in the credit.
Other...
Transport Route Not As Per Letter of Credit Discrepancy
According to the letter of credit rules, each shipment needs to be verified by a corresponding transport document and must follow the route, that...
Unclean Multimodal Bill of Lading Presented Discrepancy
Banks accept only clean transport documents.
Banks do not accept any unclean transport document such as unclean bill of lading, unclean multimodal bill of lading,...