Top LC Discrepancy Traps — Backed by Real-World Bank Studies
Global discrepancy analysis discrepancy, 2024 multi-bank LC discrepancy study in Bangladesh
ICC guidance under UCP 600 + ISBP 821
all confirm a striking reality:
60–75% of LC documents are rejected on first presentation — NOT because documents are missing, but because data doesn’t align with the LC or UCP/ISBP rules.
The Ten Most Common LC Discrepancy Traps (Real-World Data Only)
Here are the 10 discrepancy traps (Part 3) that consistently appear across these sources and industry observations.
1️⃣ Conflicting Data Across Documents
Most common mismatches include:
Invoice vs Packing List
Invoice vs Certificate of Origin
BL/AWB vs Invoice (quantity, weight, description)
Document inconsistency remains the #1 cause of refusal globally.
2️⃣ Missing Documents or Missing Originals
Missing original BLs
Fewer originals than required in LC
Missing certificates (origin, analysis, insurance, inspection)
This is one of the top causes of “first-presentation rejection.”
3️⃣ Late Shipment or Shipment Date Not Compliant
Source: 2024 Bangladesh Discrepancy Study
Frequent issues:
Shipment after latest shipment date
BL date earlier than invoice date
AWB showing inconsistent flight dates
Misinterpretation of “on or before”
Banks examine shipment dates with strict precision.
4️⃣ Late Presentation Beyond LC Timeframe.
The 21-day presentation rule
LC-specific presentation deadlines
Time-zone differences for electronic submissions
Late presentation remains one of the top 5 global errors.
5️⃣ Errors in the Transport Document (BL/AWB/CMR)
Common discrepancies:
BL not “clean”
Incorrect consignee or notify Party
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