Discrepancies

In the context of letters of credit, discrepancies arises when documents presented under a letter of credit do not conform to the terms of the credit; generally an error, contradiction or omission related to the documents constitutes the discrepancy. The…

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Discrimination

In international trade, inequality of treatment accorded to imports from different countries, such as preferential tariff rates for imports from particular countries or trade restrictions targeted against particular countries.

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