This bill had checked as clean and eventually issuing bank quoted disc on the invoice showing quantity differ from other docs. Pls share your opinion whether it is rebuttable.
Invoice presented with 2 items with different quantity and total as below :
Item A - 69458 kgs
Item B - 122459 kgs
Total - 91917 kgs
All other document showing quantity as 191917 kgs which different from the invoice quantity. However, the breakdown was correct and just a typo error on the total quantity i.e. omitted "1" infront. Is this acceptable as typo error and not consider as discrepancy ? Pls comment.
Consistency Among Document
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Description of goods
Janice,
What was description of goods in L/C then:
for goods A and B,
or
general for goods x with quantity y?
What was description of goods in L/C then:
for goods A and B,
or
general for goods x with quantity y?
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Inconsistency among documents
Hi Janice, dear experts !
For my personal opinion wrong figures/miscalculations/summarizing are typo errors by their nature,
but can not be accepted as such under checking docs through the bankers- such obvious differences in weights lead to valid discrepancy, unless they can be amended/rectified, if not countersigned through chamber of commerce and or legalized through embassy/consulate of buyer´s/import country.
Other views are highly appreciated.
Rgds LC Student
For my personal opinion wrong figures/miscalculations/summarizing are typo errors by their nature,
but can not be accepted as such under checking docs through the bankers- such obvious differences in weights lead to valid discrepancy, unless they can be amended/rectified, if not countersigned through chamber of commerce and or legalized through embassy/consulate of buyer´s/import country.
Other views are highly appreciated.
Rgds LC Student
- berry
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discrepant
i would count this as a discrepancy espcially when you say that "all other documents" show the wrong figure. there may be one typo depending on the merit of the document. but not in all. i know all document stand alone under the examination, my opinion assumes there is atleast one document where this figure is important but shown wrong
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Reply
Berry,
The typo was on Invoice total quantity. The breakdown of item quantity was correct and same as other docs. The discrepancy quoted by Issuing bank is :
Invoice showing total quantity as 91917 kgs I/O 191917 kgs. Omitted 1 infront.
The typo was on Invoice total quantity. The breakdown of item quantity was correct and same as other docs. The discrepancy quoted by Issuing bank is :
Invoice showing total quantity as 91917 kgs I/O 191917 kgs. Omitted 1 infront.
- nesarul
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data conflict
dear,
from my point of view, typo is something where the concerning data will not derive two different result...here the situation is not like that...and therefore discrepant.
but the IB clearly reflected its intension to treat the same as typo while its mentioned the said discrepany.....i think there is some room for argument....
Nesar
from my point of view, typo is something where the concerning data will not derive two different result...here the situation is not like that...and therefore discrepant.
but the IB clearly reflected its intension to treat the same as typo while its mentioned the said discrepany.....i think there is some room for argument....
Nesar
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it can be ignored
Dear all
i want to differ. since the constituent KGS that ought to have made up the correct total are shown onthe invoice, means that is is just SUMMATION EROR. More so that all other documents carried the correct summation value:191917kgs
Orumila
i want to differ. since the constituent KGS that ought to have made up the correct total are shown onthe invoice, means that is is just SUMMATION EROR. More so that all other documents carried the correct summation value:191917kgs
Orumila