Practical lab · LC documents

Discrepancy Laboratory

Spot common documentary-credit problems before they become expensive.

Spot the discrepancy0 / 4 answered · 0 correct

Check 1

LC latest shipment date: 30 June. B/L shows on-board date 2 July. What is the likely issue?

Check 2

LC requires 3/3 original clean on-board bills of lading. Presentation has 2/3 originals. What is likely?

Check 3

LC expires in Singapore on 15 July. Documents arrive at nominated bank in another country on 14 July, but that bank is not a permitted place of presentation. What must be checked?

Check 4

Invoice contains one harmless typographical difference but the LC has an extremely strict exact-wording condition. What should you do?

Remember thisA discrepancy is about the presentation versus the credit and applicable rules — not whether the underlying trade is morally genuine.