A bill of lading is a generic term for a transport document, that covers transport by sea from a port of loading to a port of discharge.
All shipments, that covered under a bill of lading, must be made between the port of loading and port of discharge, which are stated in the letter of credit.
If the issuing bank finds out that the shipment is effected from a different port of loading than what is stated in the letter of credit, then the issuing bank will raise a discrepancy, which is known as port of loading different than letter of credit discrepancy.
Sample Port of Loading Different Than Letter of Credit Discrepancy under a Letter Of Credit:
A letter of credit has been issued in SWIFT format, subject to UCPURR latest version, with the following details:
Letter of Credit Conditions
Field 44E: Port of Loading/Airport of Departure:
Port of Haifa, Israel
Field 44F: Port of Discharge/Airport of Destination:
Port of Toronto, Canada
Field 46A: Documents Required: Full set of marine bills of lading marked shipped on board issued or endorsed to the order of Royal Bank of Canada showing freight payable at destination and notify applicant and showing the following details: Full applicant name, address as indicated in field 50.
The beneficiary has presented the bill of lading with the following data:
Bill of Lading
Port of Loading: Port of Ashdod, Israel
Port of Discharge: Port of Toronto, Canada
Discrepancy: Marine bill of lading shows a port of loading different than what is stated in the letter of credit. Port of loading should have been Port of Haifa, Israel but it was stated as Port of Ashdod, Israel which is not as per letter of credit conditions.
Reason for Discrepancy: A bill of lading is to indicate the port of loading stated in the credit. The named port of loading, as required by the credit, should appear in the port of loading field on a bill of lading.
Required Port of Loading : Port of Haifa, Israel
Wrong Port of Loading : Port of Ashdod, Israel
