Answer: Because the payment under the letter of credit is conditional on the conformity of the documents, the accuracy of the documents determines the smooth recovery of the export payment or not, and in practice, the reimbursement of the payment with the correct documents can only account for a few percent of the entire letter of credit transaction。Some time ago, foreign made a survey, the results said that 70%-80% of the documents in the first delivery of documents there are discrepancies, few letters of credit under the next delivery of documents can be pointed out。
Why are there discrepancies in the L/C documents?
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