Letter of Credit Discrepancy Report Template: Findings and Actions
A simple structure for recording Letter of Credit discrepancies, evidence, owners and actions before presentation.
Reviewed by LCCheck team (owner-approved) · 2026-10-12
Short answer
A discrepancy report records each issue found when checking documents against a Letter of Credit: what the credit requires, what the document shows, why it matters, who will fix it and by when. A consistent structure makes corrections faster and gives a clear record if the bank later raises the same point.
| Use | After checking documents, before presentation |
|---|---|
| One row per | Issue found |
| Close when | Corrected document received and rechecked |
Columns for each finding
- Reference (credit field or rule, e.g. 44C, Art. 14(c)).
- Document affected.
- What the credit requires.
- What the document shows.
- Severity (blocks payment / needs review).
- Action: correct, amend or ask for waiver.
- Owner and due date.
- Status after recheck.
Good practice
- Quote exact text and page.
- Group fixes by document issuer.
- Recheck every corrected document against the whole set.
Sources
- ICC — UCP 600 (Uniform Customs and Practice for Documentary Credits)
- ICC Academy — avoiding Letter of Credit discrepancies
General guidance, not legal advice. Your bank examines documents independently.
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