NavigateERP for African business

Documents presented, discrepancies and acceptance

Check the documents against the LC, then accept or refuse.

Steps

  1. Documents presented: the date, the amount drawn, the invoice and B/L numbers, the shipment date, and the originals and copies received of each document - attach the scans.
  2. Navigate adds the discrepancies it can see: a document short, shipped after the latest shipment date, presented after expiry or too long after shipment, drawn into the tolerance.
  3. Accept - ticking that any discrepancies are waived - or Refuse with the reason (the amount is available again).
  4. On acceptance the maturity: at sight on acceptance; usance or deferred the usance days after shipment (or the date you give).

Good to know

  • A refused presentation does not count against the LC.