Presentation – Top 10 Letter of Credit Discrepancies

Most frequently seen letter of credit discrepancies...

0
16620

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.

late shipment example