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...
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...
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...
Costs Additional to Freight
If a letter of credit indicates that costs additional to freight are not acceptable, a transport document is not to indicate that costs additional...
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...
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...
Certificate of Origin Discrepancies
Certificate of Origin can be regarded as an official document. The certificate of origin could be issued on paper or electronic form.
The certificate of origin...
Certificate of Origin not Issued by the Chamber of Commerce Discrepancy
The certificate of origin verifies the country in which the goods to be exported
were originally manufactured.(1)
The issuing body of the certificate of origin could...
Packing List Discrepancies
Packing list is a commercial document, in broad perspective.
It is a detailed listing of the contents of the shipment and acts as a supporting...
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...
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