When 'Clean on Board' Isn't Clean Enough
A shipping line stamps 'clean on board' on a bill of lading. The issuing bank rejects it. Both sides think they are right. Here's what UCP 600 actually says.
tradefinance.news3 min read
The Discrepancy
The gap between what a document says and what a bank accepts. Real LC rejection stories from the front lines, dissected for practitioners who have been there.
The $2.3M Word-Order Problem
A European commodity house ships urea to Southeast Asia. The LC requires a 'CERTIFICATE OF QUALITY.' The exporter presents a 'QUALITY CERTIFICATE.' The bank refuses. $2.3 million in cargo sits in port.
tradefinance.news5 min read