Transport documents continue to generate some of the most sensitive discrepancies under letters of credit. When time pressure meets documentary precision, practical solutions are sometimes tested against strict examination standards. The following question raises an issue that many practitioners may encounter in real transactions. As always in documentary credit practice, interpretation may differ among banks and jurisdictions. Readers are welcome …

QUESTION Dear Mr. Old Man, We presented documents under six separate L/Cs covering a commingled shipment carried on the same vessel. Each bill of lading contained the usual commingling clause stating: “This shipment was loaded aboard the vessel as part of one original lot of 4000.153 kilos with no segregation…” However, the total quantity stated in the commingling clause was …