*Procurement & Sourcing Strategy*

Q-1 Identify FIVE Discrepancies with the help of following information: (05 Marks) LETTER OF CREDIT EXTRACTS / CLAUSES: 31D- Date and Place of Expiry 20/05/31 Karachi 32B- Currency/Code/Amount Currency US$/Euro US$45,900/= 44C- Latest Date of Shipment 20/05/01 44F- Port of Discharge Yokohama, Japan 45A- Description of Goods &/or Services Product: Stabilizer Agent (E412) Delivery terms: CIF 50- Applicant ABC Company (Pvt.) Limited 59- Beneficiary- Name & Address Continental Foods Ltd. Additional Conditions: 1- Third party documents (House Bill of Lading) are not acceptable. 2- Invoice exceeding this credit amount is not acceptable. INVOICE DETAILS: 1- Invoice amount is US$49,500/= 2- Vessel Name: APL Mobility V/003 3- Gross Weight is 21,550.00Kgs 4- Invoice is made in favour of Consignee Continental Foods & Sons 5- Delivery terms: CFR 6- Invoice date: 29th April 2020 BILL OF LADING: 1- Consignee Continental Foods Company Limited 2- Gross Weight is 20,550.00Kgs 3- Vessel Name: APL Mobile V/003 4- Received for shipment date was 1st May 2020. NOTE: *Original shipping documents were presented to the bank on 5th June 2020. *Container was loaded and out for customs terminal from factory on 28th April 2020.