- Credit Expired
- Late shipment
- Claused bill of lading
- Presented after permitted time from date of issue of shipping documents
- Short shipment
- Credit amount exceed
- Under insured
- Description of goods on invoice differ from that of credit
- Mark and numbers differ between documents
- Goods shipped and decked
- Bill of lading , insurance document and bill of exchange not endorsed properly
- Absence of documents called for under credit
- Insurance certificate submitted instead of policy
- Weight shown in various documents differ
- Class of bill of lading not acceptable – charetr party or house bill of lading
- Insurance cover expressed in currency other than that of credit
- Absence of signature where required in documents
- Bill of lading drawn on wrong parties
- Bill of exchange not drawn as per tenor stated in credit
- Insurance risk covered not as specified in credit
- Insurance not effective from the date of shipping documents
- Absence of “freight paid ” statement on bill of lading where credit covers C&F or CIF shipment
- Bill of lading does not bear “Shipped on Board” stamp
- Amount shown on invoice and bill of exchange differ
- Shipment made between port other than those stated in credit
- Transshipment /part shipment effected when prohibited by credit.
What are the Common Discrepancies among Letter Of Credit?
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