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Discrepancy Letter Of Credit
"Need a Discrepancy Letter of Credit for a textile shipment from Vietnam, where the beneficiary submitted incorrect port of discharge details and expired shipping documents, with a deadline for response by March 15, 2025."
1. Letter Reference Details: Document reference number, date, issuing bank details, and recipient details
2. LC Details: Letter of Credit number, date of issuance, amount, expiry date, and other key LC information
3. Discrepancy List: Detailed enumeration of all discrepancies found in the presented documents
4. Bank's Position: Clear statement of the bank's stance regarding the identified discrepancies
5. Required Actions: Specific steps required from relevant parties to resolve the discrepancies
6. Time Limitations: Clear deadlines for resolution and response from involved parties
1. Waiver Request: Optional section requesting the applicant to waive identified discrepancies when they are minor in nature
2. Amendment Proposal: Optional section outlining suggested amendments to the LC to resolve discrepancies
3. Cost Implications: Optional section detailing any additional costs or charges related to the discrepancy resolution
1. Schedule A - Copy of Discrepant Documents: Copies of the specific documents containing the identified discrepancies
2. Schedule B - Original LC Terms: Copy of the relevant Letter of Credit terms and conditions
3. Schedule C - Bank's Examination Notes: Detailed notes from the document examination process highlighting discrepancies
4. Schedule D - Response Form: Standardized form for the applicant's response regarding the discrepancies
Authors
Applicant
Banking Day
Beneficiary
Complying Presentation
Credit
Discrepancies
Documentary Credit
Documents
Expiry Date
Issuing Bank
Letter of Credit
Non-complying Presentation
Notice of Refusal
Original Documents
Presentation
Presenting Bank
Shipping Documents
SWIFT
UCP 600
Waiver
Workday
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