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LC DISCREPANCY PREVENTION CHECKLIST

185 words · 25 sections · 8 data table(s)

Pre-Presentation Document Review for Exporters

Shipment Reference: _____________________________________________

LC Reference Number: _____________________________________________

Issuing Bank: _____________________________________________

Beneficiary: _____________________________________________

Latest Shipment Date: _____________________________________________

LC Expiry Date: _____________________________________________

Presentation Deadline:_____________________________________________

Document Reviewer: _____________________________________________

Review Date: _____________________________________________

This checklist must be completed by the exporter or their freight forwarder before presenting documents to the bank. Every item must be checked against the exact wording of the LC. Banks apply the principle of strict compliance under UCP 600 — even minor deviations can result in a discrepancy notice and payment refusal.

PART 1 — TIMING CHECKS (Complete Before Preparing Documents)

PART 2 — COMMERCIAL INVOICE CHECK

PART 3 — BILL OF LADING CHECK

PART 4 — PACKING LIST CHECK

PART 5 — CERTIFICATE OF ORIGIN CHECK

PART 6 — OTHER REQUIRED DOCUMENTS

PART 7 — CROSS-DOCUMENT CONSISTENCY CHECK

All documents must be consistent with each other. Check the following across the full document set:

PART 8 — FINAL PRESENTATION CONFIRMATION

Reviewer Signature: _____________________________________________

Date of Review: _____________________________________________

Number of Discrepancies Identified and Corrected Before Presentation: _____________

Doc 41 — LC Discrepancy Prevention Checklist — Neutral Template

Timing CheckStatusNotes
B/L on-board date is on or before the latest shipment date stated in the LC.Pass / Fail
Number of calendar days from B/L on-board date to today is within the presentation period (default 21 days under UCP 600, or as stated in LC).Pass / Fail
Today's date is on or before the LC expiry date.Pass / Fail
Presentation will be made at the correct place of expiry (bank branch or city stated in LC).Pass / Fail
If LC has partial shipment schedule — this shipment is within the correct shipment instalment period.Pass / Fail
Invoice CheckStatusNotes
Invoice is addressed to the Applicant named in the LC — name and address match exactly.Pass / Fail
Invoice is signed by the Beneficiary named in the LC.Pass / Fail
Invoice amount does not exceed the LC amount (or tolerance stated).Pass / Fail
Invoice currency matches the LC currency.Pass / Fail
Invoice states the correct Incoterms as specified in the LC.Pass / Fail
Description of goods on invoice mirrors the LC description exactly (not just generally).Pass / Fail
Unit price, quantity, and total value are consistent and correctly calculated.Pass / Fail
Invoice number, date, and all other fields stated by the LC are present.Pass / Fail
Number of originals and copies of the invoice match the LC requirement.Pass / Fail
Invoice references the LC number (where the LC requires this).Pass / Fail
No corrections or alterations on the invoice without authentication.Pass / Fail
B/L CheckStatusNotes
B/L is issued by or on behalf of a named carrier (not just an NVOCC unless LC allows).Pass / Fail
B/L is marked "Shipped on Board" or has an on-board notation with the on-board date.Pass / Fail
On-board date is on or before the LC's latest shipment date.Pass / Fail
B/L shows the correct port of loading as stated in the LC.Pass / Fail
B/L shows the correct port of discharge as stated in the LC.Pass / Fail
Consignee field matches the LC instruction (e.g. "To Order of [Issuing Bank]").Pass / Fail
Notify party matches the LC requirement.Pass / Fail
Transshipment: if the LC prohibits transshipment, the B/L does not show transshipment.Pass / Fail
Freight notation matches LC instruction: "Freight Prepaid" (FOB/CIF) or "Freight Collect" (EXW/FCA).Pass / Fail
B/L is a clean B/L — no clauses noting damage or shortage.Pass / Fail
Full set of originals issued is as stated in the LC (usually 3/3).Pass / Fail
Container number and seal number present (for FCL shipments).Pass / Fail
Goods description on B/L does not contradict the LC description.Pass / Fail
B/L is signed by the carrier or its named agent.Pass / Fail
Any corrections on B/L are authenticated by the carrier's authorised agent.Pass / Fail
Packing List CheckStatusNotes
Packing list references the same invoice number and date as the commercial invoice.Pass / Fail
Total quantity, weight, and number of packages match the invoice and B/L exactly.Pass / Fail
Marks and numbers match the B/L and any marks noted on the B/L.Pass / Fail
Packing list signed by the Beneficiary (where LC requires this).Pass / Fail
Number of originals and copies match the LC requirement.Pass / Fail
No information on the packing list contradicts the invoice or B/L.Pass / Fail
Certificate of Origin CheckStatusNotes
Country of origin stated matches the LC requirement.Pass / Fail
Certificate is issued by the body specified in the LC (e.g. Chamber of Commerce, FIEO, EPC).Pass / Fail
Exporter name and address match the invoice.Pass / Fail
Consignee name and address match the invoice.Pass / Fail
Goods description is consistent with the invoice (need not be identical but must not contradict).Pass / Fail
Quantity and weight consistent with invoice and packing list.Pass / Fail
Certificate signed and/or stamped as required by the LC.Pass / Fail
Number of originals and copies match the LC requirement.Pass / Fail
Certificate date is on or before the B/L on-board date (or as required by the LC).Pass / Fail
DocumentStatusNotes
Insurance Certificate / Policy: issued for at least 110% of CIF value in the currency of the LC; covers all risks required by the LC; dated on or before the B/L date.Pass / Fail
Pre-Shipment Inspection Certificate: issued by the inspection agency named in the LC; references the correct invoice and shipment; signed and stamped.Pass / Fail
Phytosanitary Certificate: issued by Plant Quarantine Station; species/description matches invoice; country of destination correct.Pass / Fail
Health Certificate / Veterinary Certificate: issued by the correct authority as specified in the LC.Pass / Fail
Test Reports / Certificate of Analysis: from the laboratory named in the LC; references the specific batch/lot; signed.Pass / Fail
Weight Certificate: issued by approved weighing authority; gross weight matches B/L.Pass / Fail
Fumigation Certificate: treatment type, chemical, concentration, duration all stated; dated.Pass / Fail
Beneficiary Certificate: any certificate required to be signed by the Beneficiary themselves — signed by the correct authorised person.Pass / Fail
Other documents specified in LC Field 46A: _____________________________________________Pass / Fail
Consistency CheckStatusNotes
Beneficiary name and address are identical across all documents.Pass / Fail
Applicant/consignee name and address are identical across all documents.Pass / Fail
Goods description does not contradict between any two documents.Pass / Fail
Quantities and weights are consistent across all documents.Pass / Fail
Invoice number is referenced correctly on all documents that require it.Pass / Fail
B/L number is referenced correctly on all documents that require it.Pass / Fail
Shipment/on-board date is consistent across all documents.Pass / Fail
Country of origin is consistent across all documents.Pass / Fail
No document uses a different currency from the LC currency.Pass / Fail
All documents are in the language required by the LC.Pass / Fail
Final ConfirmationStatusNotes
All documents are originals (where required) and copies (where required).Pass / Fail
No document has been altered without proper authentication.Pass / Fail
Covering letter to the bank lists all documents being presented.Pass / Fail
SWIFT MT 754 / MT 742 from confirming bank confirmed (if applicable).Pass / Fail
Documents are being presented to the correct bank at the correct location.Pass / Fail
All discrepancies found during this review have been corrected before presentation.Pass / Fail

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