{"@context":"https://schema.org","@type":"DefinedTerm","name":"Export Letter of Credit review / examination","description":"Payment under a letter of credit is entirely conditional on the document examination: in an export LC review, the nominated or confirming bank checks every submitted document – commercial invoice, transport documents, insurance certificate, certificate of origin – clause by clause against the credit's stated requirements. A single formal discrepancy, however minor, can justify refusal of payment. The exporter bears the burden: unresolved discrepancies not accepted within the presentation period ","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/export-letter-of-credit-review-examination","inLanguage":"en","dateModified":"2026-06-26T21:21:39.818535","citation":"https://iccwbo.org/business-solutions/banking-and-finance/ucp-600/","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/export-letter-of-credit-review-examination","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Export Letter of Credit review / examination · Payment under a letter of credit is entirely conditional on the document examination: in an export LC review, the nominated or confirming bank checks every submitted document – commercial invoice, transport documents, insurance certificate, certificate of origin – clause by clause against the credit's stated requirements. · Quelle: https://iccwbo.org/business-solutions/banking-and-finance/ucp-600/"}