In the event that a discrepancy is found in the documents presented under a letter of credit,the bank may request a waiver or:

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If a discrepancy is found in the documents presented under a letter of credit, the bank may refuse to pay against those documents. This is because the documents must strictly conform to the terms and conditions of the letter of credit. The bank cannot simply waive the discrepancies or request resubmission, as this would be contrary to the fundamental principles of the letter of credit. Voiding the transaction or refusing delivery may also be options in certain circumstances, but these are not the best choices in general.

In the Event That a Discrepancy Is Found in the Documents