Presentation – Top 10 Letter of Credit Discrepancies

Most frequently seen letter of credit discrepancies...

0
16620

13. Most Common Discrepancy 6: Absence of Documents

The exporter has to present exact number of documents as it is requested under the letter of credit. For example, if the credit requires:

  • a. “Invoice”, “One Invoice” or “Invoice in 1 copy”, it will be understood to be a requirement for an original invoice.
  • b. “Invoice in 4 copies”, it will be satisfied by the presentation of at least one original and the remaining number as copies of an invoice.
  • c.“One copy of Invoice”, it will be satisfied by presentation of either a copy or an original of an invoice.
absence of documents