9. Most Common Discrepancy 3: Late Shipment
• Example : Letter of credit requires presentation of a bill of lading with the details below.
46A: Documents Required
3/3 Original bill of lading clean and shipped on board to the order of Banque al Baraka d`Algeria, notify applicant marked freight prepaid.
44C: Latest Date of Shipment
121210 (Should be read as 10.December.2012)
•The beneficiary has to present a bill of lading showing “ship on board” date earlier than the latest date of shipment indicated in the letter of credit.
