A document presented by the beneficiary must strictly conform to that document’s description in the L/C. If there is a discrepancy, the L/C bank will not honor the presentation unless the account party waives the discrepancy
There is no room for documents that are almost the same or will do just as well.
However, even under the strict compliance rule, some variations might be so insignificant as not to relieve the issuing or confirming bank of its obligation to pay, for example, if there was a case where the name intended is unmistakably clear despite what is obviously a typographical error, as might be the case if, for example, “Smith” were misspelled “Smithh”
But see Hanil Bank v. PT Bank of Negara Indonesia page 355
Beneficiary must inspect L/C and is responsible for failure to discover that the credit does not achieve the desired commercial ends
