A document discrepancy is
A) payment made only under compliance with the letter of credit's conditions.
B) a pre-deposit in an issuing bank.
C) an oversight on checking the documents that are required in the letter of credit.
D) a financial contract.

Question

Quizplus · Accepted Answer

A document discrepancy refers to a situation where the documents presented by the seller or exporter do not comply with the requirements specified in the letter of credit. It may be due to an oversight or error in checking the documents required, leading to a delay in payment or rejection of the documents. Options A, B and D do not accurately describe a document discrepancy.

A Document Discrepancy Is