Letter of Credit Workflow

REJECT: Bill of Lading dated Mar 21, 2026 — one day after the latest shipment date of Mar 20, 2026. This is a material discrepancy under UCP 600 Art. 20(a)(ii). Payment must not be honoured without waiver.

UCP 600 Art. 20(a)(ii) requires the B/L date to not be later than the latest date of shipment stipulated in the credit. Mar 21 > Mar 20 — strict compliance fails.

ACCEPT WITH WAIVER: One-day discrepancy is within market tolerance. Applicant (Vantara Trading GmbH) has indicated willingness to waive. Recommend proceeding under UCP 600 Art. 16(b) waiver mechanism.

Commercially, the goods are shipped and in transit. The one-day variance does not affect the underlying trade. Applicant waiver eliminates bank risk. Delay risks losing goods at port.