ABSTRACT:With the development of economical globalization, China's foreign trade becomes more and more popular. Exporters would inevitably take risks when they are making profits from exportation. According to a scientific research, China uses L/C more frequently than any other country in the world in terms of exportation, and the losses caused by disoperation of L/C are obvious. After studying relevant theory of L/C and information I collect from my practical work, I hold that the exporters' losses caused by using the L/C largely derive from L/C discrepancies. Therefore, it is significant for exporters to learn the L/C discrepancies systematically.
This paper is intended to analyze the relevant theory of L/C discrepancies, and furnish the exporters with a systematic method of learning the L/C discrepancies. The structure of this paper is arranged according to my study on relevant theory of L/C discrepancies, from the types of discrepancies, the causes, to the effects and the solutions to them.
Key words: discrepancies; documents matched; document matched the credit; dishonor; avoid losses