Documentary Discrepancy
Occurs when one or more of the terms or conditions stipulated in a letter of credit have not been met. In the event of discrepancy, the buyer may refuse the shipment, or waive the discrepancy and proceed with the transaction.
Occurs when one or more of the terms or conditions stipulated in a letter of credit have not been met. In the event of discrepancy, the buyer may refuse the shipment, or waive the discrepancy and proceed with the transaction.