10. Most Common Discrepancy 4: Late Presentation
- If presentation contains a transport document, the exporter has to collect all the required documents and present them to the nominated bank within 21 days after the shipment according to the letter of credit rules.
- Some issuing banks may shorten this standard period, especially when the transit time between port of loading and port of discharge is very short.
- If the exporter could not complete the presentation within permitted period, then the exporter will likely to receive a late presentation discrepancy
