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...
Unclean Bill of Lading Discrepancy
A clean bill of lading is a type of transport document, which bears no clause or notation, which expressly declares a defective condition of...
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...
All Originals of Insurance Policies Have Not Been Presented Discrepancy
Marine insurance is a type of commercial liability insurance that provides coverage (financial backing) against perils and losses associated with the transportation of goods.
Marine...
Container Number not in Accordance with the Bill of Lading Discrepancy
Container number is a unique reference number assigned to a freight container so that the container can be traced and tracked by the government...
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...
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...
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...
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...
Insurance Document Discrepancies
It is a common practice in the commercial world to insure goods in transit. Briefly, the following reasons compel traders to contract transport insurance:
Protection...