Costs Additional to Freight Discrepancy
Letter of credit rules allow transport documents to show costs additional to freight.
However, some banks especially in certain countries, prohibit costs additional to freight...
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...
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...
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...
Port of Discharge Different Than Letter of Credit Discrepancy
A bill of lading is a generic term for a transport document, that covers transport by sea from a port of loading to a...
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...
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,...
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...
Inspection Certificate Not issued and Signed by the Party Required by the Letter of...
Inspection in international trade can be defined as a process of checking the quality of goods against the contractual requirements.
Because, the importer and exporter...
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