Common discrepancies in letters of credit

1. The letter of credit expires;

2. The date of shipment of the letter of credit expires;

3. The beneficiary's delivery of the bill expires;

4. The transport documents are unclean;

5. The transport document category is unacceptable;

6. There is no “cargo already loaded” certificate or “good cargo deck”;

7. The freight is borne by the beneficiary, but there is no “paid freight” on the transport document;

8. The port of departure, port of destination or transshipment port does not comply with the provisions of the letter of credit;

9. The name, address, etc. of the payer above the bill of exchange do not match;

X. The date of the ticket issue on the draft is unknown;

XI. Short or over loaded goods;

12. The description of the goods on the invoice does not match the letter of credit;

13. The name, address, etc. of the person in the invoice are not in conformity with the letter of credit;

14. The amount of insurance is insufficient, and the insurance ratio does not match the letter of credit;

15. The date of issuance of the insurance document is later than the date of issuance of the transport document (unreasonable);

XVI. The insurance coverage does not match the letter of credit;

XVII. The categories of various documents do not match the letter of credit;

18. The currency in the various documents is inconsistent;

19. The capitalization of bills, invoices or insurance documents is inconsistent;

20. The endorsement of bills of exchange, transport documents and insurance documents is incorrect or due but not endorsed;

Twenty-one. There is no need to sign or a valid seal;

22. The number of copies of the document is inconsistent with the letter of credit;

Twenty-three. The "Shipping Mark" on the various documents is inconsistent;

24. The description of the quantity and weight of the goods on the various documents is inconsistent;

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