How to handle discrepancies in documents for an unconfirmed LC?
The process to handle discrepancies in documents for an unconfirmed letter of credit (LC) involves careful consideration and communication. Understanding Discrepancies: Types of Discrepancies: Consult Relevant Parties: Authorized Personnel: Article 14 of UCP 500: Remember that handling discrepancies requires clear communication, attention to detail, and collaboration among all parties involved in the LC transaction. Always … Read more