COMMON DISCREPANCIES Air waybill of Lading 1) Date received is past the latest shipment date specified in the L/C

Bill of exchange 1) The presented draft is not drawn under the cited Letter of Credit 2) Required statements do not appear as required by the Letter of Credit 3) Draft does not indicate the geographic location where it was drawn 4) Draft is not dated 5) Draft appears to have been altered. 6) Draft drawee/payee specified is not as required in the Letter of Credit. 7) This draft causes the Letter of Credit balance to be exceeded. 8) The amount in figures and words on the draft do not agree. 9) Draft is not endorsed in blank by the payee. 10) Draft tenor is not at sight or time as stipulated in the credit. 11) Draft is not drawn and signed by the beneficiary. Bill of Lading 1) 2) 3) 4) A full set of original Bill of Lading (s) has not been presented. Alterations do not bear an initial or stamp. Indicates that it is subject to a Charter Party. B/L is Received for Shipment, the date of the On Board notation is not within the latest date allowed for shipment. 5) B/L is Shipped on Board, and it is not within the latest date allowed for shipment. 6) Does not indicate place of delivery as stipulated in the credit. 7) Does not indicate goods have been loaded on boarded or shipped on a named vessel. 8) Multiple paged B/L does not indicate that it is continued or similar statement. 9) Is not consigned as stipulated in the credit. 10) Clause (s) appear/s on the B/L which declare a defective condition of the goods and/or packaging. 11) The Bill of Lading covers other merchandise not called for in the credit 12) The Bill of Lading does not indicate how many originals were issued. 13) The Bill of Lading does not indicate the name of the carrier. 14) The Bill of Lading is not properly endorsed. 15) The Bill of Lading is not properly signed or authenticated. 16) Merchandise description is inconsistent with that stipulated in the Letter of Credit. 17) The name and address of the notify party is not as stipulated in the credit. 18) Does not indicate the port of loading/discharge as stipulated in the credit.

Certificate of Analysis 1) 2) 3) 4) 5) Does not comply with the analysis specification required in the credit. Is not issued by the party stipulated in the L/C or not by the beneficiary if not stated. Is not signed, titled and dated properly. Does not meet all applicable stipulations of the L/C Merchandise description is not consistent with that shown in the L/C and other shipping documents. 6) States only a sample of the merchandise has been analyzed. Certificate of Origin 1) 2) 3) 4) 5) 6) Does not certify the country of origin or country named is not as specified by L/C. Is not signed, dated and/or properly titled. Does not meet all applicable stipulations in the L/C Data content is not consistent with that of other required documents presented. Contains statements, clauses or notations prohibited by a certain law Is not issued by the party stipulated in the L/C or by the beneficiary

Commercial Invoice 1) Beneficiarys name and address not as stated in the Letter of Credit 2) Although L/C allows partial shipments, amount is not proportionate to quantity shipped. 3) Amount covers partial shipment or not within 5% tolerance when L/C does not allow partial shipment 4) Includes an over shipment or merchandise not stated in the L/C or merchandise covered by another L/C 5) Quantity of merchandise, weights, and measurements do not agree with those on other documents and L/C 6) Covers used , rebuilt or second hand merchandise which is not permitted by the L/C 7) Shipping marks and numbers are not consistent with those on the Bill of Lading and Letter of Credit. 8) Description of the goods does not agree with the L/C requirements 9) Account partys name and address is not as stated in the L/C. 10) Current installment is inconsistent with L/C requirements for this installment 11) Does not show all discounts or deductions as required by the credit. 12) Contains statements, clauses or notations prohibited by a certain law. 13) Invoice reflects internal inconsistencies. 14) Required number of original /copies not presented and not consistent with UCP600 Article 17 (e). 15) Invoice is not notarized, legalized or visaed as requirped by L/C

16) Provisional invoice has been presented when not authorized by L/C 17) Is not signed as required by the L/C 18) Amount does not agree with that of the draft, and the L/C does not allow a difference. 19) Calculations, extensions and additions do not agree with the credit terms. 20) Unit prices do not agree with those specified in the credit. 21) Includes charges, commissions or discounts not authorized by the L/C/ 22) Shipping terms (Incoterms) are not as stipulated in the credit. 23) Separately itemizes merchandise value, shipping expenses and insurance when not required by the L/C

Inspection Certificate 1) Contains statements that only a sample of the merchandise has been inspected. 2) Data inconsistent with that of other required documents presented. 3) Documents presented is not properly titled Clean Report of Findings signed or dated if L/C requires 4) It does not comply with the inspection requirements contained in the L/C if any 5) It is not issued by the party designated in the L/C or by the beneficiary. 6) It is not properly titled, signed, and dated. 7) Does not meet all applicable stipulations of the L/C 8) Merchandise description is inconsistent with that specified in the L/C 9) Statements referring to percentage passed/failed do not agree with the L/C requirements if any. Packing List 1) Merchandise description is not consistent with that in the L/C or other shipping documents. 2) Does not cover merchandise as described in the invoice. 3) Does not relate to other required documents and/or is inconsistent with them. 4) Does not list contents of each package or carton or other container and/or is not properly titled