Hello everybody,
Glad to see so many sharing on this topic after my one week vacation.
Actually, I begin to believe if I were the issuing bank, I should not treat this as discrepancy despite such discount/deduction not mentioned in the LC. This is because applicant had to pay full amount if we reject the documents whereas beneficiary could present a invoice with full amount in time. Anyway, if the deduction is clearly described as related to inferior of goods, I would prefer to cite it a discrepancy.
However, if I were the negotiating bank, I would treat the case more strict and call it a discrepancy because I could not know the thinking of issuing bank.
Could this approach work?
Regards
Raymond