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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
378

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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Anonymous: Hi, If a Telex Release or Express Release is presented instead of an original Bi...

Anonymous: Hi, And what about cases where the credit is confirmed and the bank commits to m...

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