Tag: Letter of Credit Discrepancies
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...
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...
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...
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...
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...
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...
Insurance Policy not Issued and Signed by an Insurance Company or its Agent Discrepancy
Cargo insurance, also referred to as a marine cargo insurance, in general, means the insurance on goods being shipped in international trade by vessel, aircraft...
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...
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...
Packing List and Certificate of Origin Show Different Net Weight or Gross Weight Discrepancy
Packing list and certificate of origin are two important trade documents.
The packing list is a detailed listing of the contents of the shipment and...