Mr Old Man Payment Q&A DISCREPANCY ARISING FROM MISMATCH IN PAYMENT TERMS ON INVOICE vs. LC By Mr Old Man Posted on May 18, 2025 2 min read 0 0 53 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Champa Dancing Apsara Relief QUESTION Dear Sir, Sorry to bore you with this irrelevant question but just out of curiosity is there any importance of payment term mentioned in the commercial invoice. Because as per ISBP the invoice must portray the contents mentioned in the field 45a of the L/C. So, if the payment term as per credit is 180 days usance and the invoice quotes the same as sight then will it be a valid discrepancy? Thank You in advance for your continued support. Sujai Shretha —– ANSWER Hi, According to UCP 600 Article 14(d): “Data in a document, when read in context with the credit, the document itself and international standard banking practice, need not be identical to, but must not conflict with, data in that document, any other stipulated document or the credit.” In your case: The credit calls for 180 days usance. The invoice quotes “sight”, which refers to immediate payment on presentation. These two payment terms conflict with each other. Under the doctrine of strict compliance, such a contradiction is unacceptable, and therefore, it constitutes a discrepancy. Best regards, Mr. Old Man