Tag: Letter of Credit Discrepancies
Description of Goods Discrepancy
According to the letter of credit rules and international standard banking practices, the description of the goods, services or performance shown on the commercial...
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...
Bill of Lading Discrepancies
On this post, you can find most common bill of lading discrepancy examples.
Discrepancy can be defined as an error or defect, according to the...
Intended Vessel Discrepancy
There are two main types of bills of lading available on the market, in terms of shipment notations: “Received for shipment...” bill of lading...
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...
Carrier Not Identified and Bill of Lading Not Signed As Per UCP 600 Discrepancy
Bill of lading is a very important transport document, because it is suppose to evidence of contract of carriage, a receipt of goods by...
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...
Partial Shipment Discrepancy
The importer and exporter should determine, when signing the sales contract, to allow or prohibit partial shipments.
Partial shipment can be defined as shipping 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...
Late Shipment Discrepancy
Documentary credits often include a "latest date of shipment". Latest date of shipment is one of the most important definitions in commercial documentary credits.
As...
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