Was a draft required? If yes, was it a single draft for the total of the eight sets of documents or did each set of documents have a single draft? If there was a single draft for the full amount and only one of the sets of documents had a discrepancy, would you expect the issuing bank to pay on the ...

In 38 years of examining documents in the USA I have never seen a real B/L without a number. I have seen several fraudulent ones.

As I understand the LC requirement, it was for the beneficiary to present a copy of the fax that had been sent to the applicant. The document apparently presented may be a document that the beneficiary INTENDED TO SEND to the applicant but it did not demonstrate that it had actually been SENT. There...

Beneficiaries do not issue phytosanitary certificates, governments typically issue them. Not a discrepancy unless specifically prohibited by the credit.

The purpose of a confirmation report is to confirm receipt of the fax. Discrepancy.

The draft is discrepant if it does not meet the requirements stated in the credit. A draft is a special document - a financial document - the document that states the amount, currency, date on which payment is demanded and from whom payment is demanded.

See TA638rev, query 5 regarding amendments.
Regards,
Don

Glenn, I have also been asked the identical question. My response: 1. What does the LC require 2. What does the Ins doc show re the LC requirements (Assured). 3. Does the Ins doc say what the box "LC Terms and Conditions" means - i.e. is it mentioned anywhere in the balance of the Ins doc?...

This may open the bank up to charges of fraud, money laundering and other problems. We would not do this.

I would accept them without question