WHEN WORDS AND FIGURES DON’T AGREE: Is It a Discrepancy under UCP 600? Intro Differences between the amount in words and the amount in figures are among the most common issues encountered in document examination under letters of credit. At first glance, such inconsistencies appear to be straightforward discrepancies. However, practice shows that the answer is not always the same, particularly when a bill of exchange (draft) is involved. While UCP 600 establishes … Read More
Presentation Period vs. Expiry Date: When the Presentation Period Appears to Extend Beyond the LC Expiry Date
Presentation Period vs. Expiry Date: When the Presentation Period Appears to Extend Beyond the LC Expiry Date