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Dear experts
We are agent of a Japanese company in differeny country. Shipment has been made from japan and all documents (invoice,b/l, cert. of origin, packing list,insurance policy) prepaid by Japanese company. We just changed commercial invoice and my bank presented export documents to issuing bank under sight l/c. issuing bank informed us a discrepancy stating that “insurance policy indicates different invoice number other than invoice number mentioned in commercial invoice.”
I request your opinions about discrepancy. Is this discrepancy valid or not?
Regards,

Hi Pal,

the a.m. article states that data may be different but not conflicting when read in the context with
l/c, so a bank must consider the document as part of the presentation and if some data are really conflicting:i.e. the goods seems the same, reported in other requitred documents etc.
No definitive answer, I am afraid. Ciao

The insurance policy shows that cover is effective for a different invoice (possibly) covering different (lot of) goods.
The bankers are not required to go beyond documents to find external data of what goods were actually insured.
.
The insurance policy or invoice should be replaced as the discrepancy (according to UCP 600) stay valid. The most important key element here is that the undertaking of issuing bank is linked to a complying presentation. The conflicting versus not identical is clarified in ISBP paragraph A27.