COMMON DISCREPANCIES IN LETTER OF CREDIT

1. CREDIT EXPIRED

2.  LATE SHIPMENT

3. CLAUSE BILL OF LADING

4. PRESANTED AFTER PERMITTED TIME FROM DATE OF ISSUE OF SHIPPING DOCUMENTS.

5. SHORT SHIPMENT

6. CREDIT AMOUNT EXCEEDED

7. UNDER INSURED

8. DESCRIPTION OF GOODS ON INOVICE DIFFERS FROM THAT OF CREDIT

9. MARK AND NUMBERS DIFFER BETWEEN DOCUMENTS

10. GOODS SHIPPED ON DECK

11. BILL OF LADING, INSURANCE DOCUMENTS, BILL OF EXCHANGE NOT ENDORSED CORRECTLY

12. ABSENCE OF DOCUMENTS CALLED UNDER CREDIT

13. INSURANCE CERTIFICATE SUBMITTED INSTEAD OF POLICY

14. WEIGHT IN VARIOUS DOCUMENTS DIFFERS

15. CLASS OF BILL OF LADING NOT ACCEPTABLE-CHARTER PARTY OR HOUSE BIL OF LADING

16. INSURANCE COVER EXPRESSED IN CURRENCY OTHER THAN THAT OF CREDIT

17. ABSENCE OF SIGNATURE, WHERE REQUIRED ON THE DOCUMENTS

18. BILL OF EXCHANGE DRAWAN ON WRONG PARTY

19. B.E. NOT DRAWN AS PER TENOR STATED IN CREDIT

20. INSURANCE RISK COVERED NOT BEING THOSE SPECIFIED IN CREDIT OR RISK SPECIFIED IN CREDIT NOT COVERED

21. ABSENCE OF FREIGHT PAID'S STTEMENT ON B/L WHERE CREDIT VOERS C&F OR CIF SHIPMENT

22. AMOUNT SHOWN ON INVOICE AND B.E. DIFFER

23. B/L DOES NOT BEAR SHIPPED ON BOARD STAMP

24. SHIPMENT MADE BETWEEN PORTS OTHER THAN THOSE STATED IN CREDIT

25. DOCUMENTS INCONSISTENT WITH EACH OTHER

26. TRANSSHIPMENT PART SHIPMENT EFFECTED WHEN PROHIBITED BY CREDIT