A refusal costs fees and time
In letter of credit transactions, banks examine documents word-by-word against UCP 600 and ISBP 821 (2023). A spelling mismatch, a wrong date, or a subtle inconsistency between the bill of lading and the invoice is enough to constitute a discrepancy — Banks charge discrepancy fees on refused presentations, and a refusal can delay payment while the discrepancy is resolved. Manual checking is precisely where these gaps originate.
How AI cross-checks ICC rules, clause by clause
An automated parsing engine structures commercial invoices, bills of lading, insurance documents, and the SWIFT MT700 issuance message field-by-field, then cross-checks each item against UCP 600 articles and ISBP 821 (2023) practice — from goods description consistency and date logic to amount tolerances and signing requirements — producing a complete discrepancy risk report typically under 30 seconds, with the governing rule cited for every finding.
The result: fewer surprises at the counter
Running a pre-check before presentation helps you find and fix likely discrepancies first. It cannot guarantee a bank will accept a presentation; LC Shield offers an Audit Fee Guarantee (see getlcshield.com/guarantee).