Presentation – Top 10 Letter of Credit Discrepancies

Most frequently seen letter of credit discrepancies...

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17. Most Common Discrepancy 10: Partial Shipment or Transshipment Effected Despite L/C Terms

  • Transhipment means unloading from one means of conveyance and reloading to another means of conveyance. (whether or not in different modes of transport)
  • Partial shipment means shipment of goods not whole in one lot, but in more than one lots.
  • If the letter of credit prohibits partial shipments and/or transhipment, the exporter must act accordingly.
  • Please keep in mind that the letter of credit rules allow transhipments under certain circumstances even if the credit prohibits so.
Partial shipment or transshipment effected despite L/C terms
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