Discrepancy
The Intolerance of a Short Drawing
The question discussed centered on whether document examiners would pickup Short Drawing as a discrepancy since the LC does not permit tolerance in the amount and the amount drawn is less than the total value of the LC.
UBAF (Hong Kong) Ltd. v. CAMA (Luoyang) Aviation Protective Equipment Co. & Luoyang Aviation Engineering Construction Co. [2020]
Local Guarantor petitioned for rehearing from the Supreme People’s Court of order for Counter Guarantor to terminate payment to Local Guarantor for having committed guarantee fraud and not acting in “good faith”.
2023 ICC Banking Commission Technical Meeting 24-25 October 2023: Executive Summary
Summary takeaways from the ICC Banking Commission Technical Meeting
Insurance Certificate’s Signing: Discrepant or Not? And Why?
-- needs image of Marine Certificate of Insurance, p. 46 of May 2023 DCW
ICC Briefing Addresses Topic of Reducing Discrepancy Rates
In the latest of its ongoing series of technical advisory briefings released on 27 June 2022, the ICC Banking Commission addressed the subject of “Reducing Discrepancy Rates under Documentary Credits” (TAB-3)
Additional ICC Technical Advisory Briefing Topics Identified
Following the release of TAB-1, the ICC announced three future TABs for 2023 and beyond.
