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Presentation - Top 10 Letter of Credit Discrepancies

Presentation – Top 10 Letter of Credit Discrepancies

What is a Discrepancy? There is no definition of a discrepancy under the current letter of credit rules, UCP 600. Discrepancy can be defined...
letter of credit calls for a wrong Incoterms

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...

Top 10 Letter of Credit Discrepancies

Discrepancy can be defined as an error or defect, according to the issuing bank, in the presented documents compared to the documentary credit, the...
inspection certificate discrepancies

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...
inspection certificate not issued as per letter of credit

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...
multimodal bill of lading discrepancies

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 Does Not Cover At Least Two Different Modes of Transport Discrepancy

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...
Unclean Multimodal Bill of Lading Presented Discrepancy

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,...
Place of Receipt on a Multimodal Bill of Lading Different than the Letter of Credit Discrepancy

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...
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