LC Discrepancy Checklist: Free Self-Audit Before Presentation
Answer each question for your presentation. Anything marked 'No' or 'Not sure' is a likely discrepancy to fix first.
1. I'm working from the credit as issued plus every amendment I accepted.
2. Goods shipped on or before the latest shipment date (44C).
3. Documents will be presented within the presentation period (48, or 21 days).
4. Documents will be presented on or before expiry (31D), at the place stated.
5. Every document in 46A is ready, with the right originals and copies.
6. Each document is issued and signed by the party the credit requires.
7. The invoice is issued by the beneficiary to the applicant, in the credit currency.
8. The invoice amount is within the credit amount and tolerance (39A).
9. The invoice goods description corresponds with 45A.
10. The transport document shows the ports in 44E/44F and is clean on board.
11. Partial shipment and transhipment follow 43P/43T.
12. Quantities, weights and marks don't conflict across documents.
13. Insurance (if required) covers the required amount, risks and date.
14. Every condition in 47A is met on the documents it affects.
15. Any required draft (42C) is drawn correctly.
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