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Istanbul Ticaret Üniversitesi Sosyal Bilimler Dergisi, vol.19, no.37, pp.515-534, 2020 (Peer-Reviewed Journal)
70 pct of international trade documents submitted for payment are rejected under letter of credit being notin compliance with international standard rules and letter of credit terms. This study aims to clarify keypoints in issuing transport documents to mitigate such losses. To find out the refusal rate of Turkey, 2018swift data were gathered from the sampling banking group. It is found that the average discrepancy rate is53,45 percent for export and 30,02 percent for import documentation, that is more than 50 percent of thepresented documents are not accepted for payments. The exporters, importers and transporters must beaware of the key points of standard international rules and issue documents as per these rules to mitigatesuch risks and losses.