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Home Tag Archives: figure vs amount

Tag Archives: figure vs amount

WHEN WORDS AND FIGURES DON’T AGREE: Is It a Discrepancy under UCP 600?

By Mr Old Man
January 17, 2026
in :  Mr Old Man, Payment, Q&A
2
218

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 …

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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