You are the document checker at the nominated confirming bank and please identify the discrepancies for the following case.

ASSUMPTIONS

  1) Today's date Monday 30 June ××××.

  2) All signatures where shown are original.

  3) The documentary credit was opened correctly and duly passed authentication.

  4) The documents are presented in the required number of originals and copies.

  5) The documents are duly endorsed where required.

               SUPPORTING DOCUMENTATION

  1) Documentary credit (MT 700)

  2) Commercial invoice

  3) CMR

  Document 1

MT700

  INCOMING SWIFT MT700

  FROM ISSUING BANK              MERHABA BANK, ISTANBUL,

                        TURKEY

  TO ADVISING BANK              ACB BANK, ROTTERDAM, THE

                        NETHERLANDS

  27: SEQUENCE OF TOTAL           1/1

  40A: FORM OF DOCUMENTARY CREDIT       IRREVOCABLE

  20: DOCUMENTARY CREDIT NUMBER       2003. AC. 100

  31C: DATE OF ISSUE             07 MAY ××××

  40E: APPLICABLE RULES            UCPURR LATEST VERSION

  31D: DATE AND PLACE OF EXPIRY        01 JULY ××××, ROTTERDAM,

                        THE NETHERLANDS

  50: APPLICANT               FACTORING A. S. ISTANBUL,

                        TURKEY

  59: BENEFICIARY              DE GROOT MACHINES B. V.

                        HAARLEM, THE NETHERLANDS

  32: CURRENCY AND AMOUNT          EUR180, 000. -

  41A: AVAILABLE WITH/BY           ACB BANK, ROTTERDAM BY

                        DEF PAYMENT

  42P: DEFERRED PAYMENT DETAILS        180 DAYS FROM CMR DATE

  43P: PARTIAL SHIPMENTS           NOT ALLOWED

  43T: TRANSHIPMENT              NOT ALLOWED

  44A: ON BOARD/DISP/TAKING CHARGE      HAARLEM, THE NETHERLANDS

  44B: FOR TRANSPORTATION TO         HALKALI FREE ZONE, ISTAN-

                        BUL, TURKEY, BY TRUCK

  44D: SHIPMENT PERIOD            DURING MIDDLE OF JUNE ××××

  45A: DESCRIPTION OF GOODS AND/OR SERVICES

                        1 UNIT "DE GROOT" BRAND

                        ROTARY CUTTING MACHINE

                        TYPE 500, WITH ALL NECES-

                        SARY

                        ACCESSORIES CUSTOMS TAR-

                        IFF NUMBER 8, 462. 8000 DE-

                        LIVERY TERMS CIP HALKALI

                        FREE ZONE, ISTANBUL, TUR-

                        KEY

  Document 2

  46A: DOCUMENTS REQUIRED           + SIGNED COMMERCIAL IN-

                        VOICE IN 3 FOLD INDICAT-

                        INC

                        THE SERIAL NUMBER OF THE

                        MACHINE AND CERTIFYING

                        THAT THE MACHINE IS NEW

                        AND NOT USED BEFORE

                        + ORIGINAL CMR TRANSPORT

                        DOCUMENT CONSIGNED TO

                        THE ORDER OF FACTORING

                        A S., ISTANBUL, TURKEY AND

                        MARKED FREIGHT PREPAID

  47A: ADDITIONAL CONDITIONS         DOCUMENTS ISSUED PRIOR

                        TO THE ISSUE DATE

                        OF THIS DOCUMENTARY CRED-

                        IT ARE NOT ACCEPTABLE

                        ALL DOCUMENTS MUST SHOW

                        THE NUMBER OF THIS DOCU-

                        MENTARY CREDIT

                        GOODS MUST BE OF DUTCH

                        ORIGIN

  71B: CHARGES                ALL BANKING CHARGES AND

                        COMMISSIONS ARE FOR

                        ACCOUNT OF APPLICANT

  48: PERIOD FOR PRESENTATION        10 DAYS

  49: CONFIRMATION INSTRUCTIONS       CONFIRM

  78: INSTR TO PAYG/ACCPTG/NEGOTG BANK

                        WE SHALL REIMBURSE YOU

                        ON THE MATURITY DATE IN

                        ACCORDANCE WITH YOUR IN-

                        STRUCTIONS PROVIDED THAT

                        DOCUMENTS IN STRICT CON-

                        FORMIIY WITH THE TERMS

                        AND CONDITIONS OF THIS DOC-

                        UMENTARY CREDIT ARE DULY

                        PRESENTED AT YOUR COUNTERS

  72: SENDER TO RECEIVER INFORMATION     PLEASE ACKNOWLEDGE

                        RECEIPT BY SWIFT MT730

*** MESSAGE PASSED AUTHENTICATION ***

  DE GROOT MACHINES B. V.

  SPAARNE 1000              Tel: **31 (0) 235999999

  1000 VC HAARLEM             Fax: **31 (0) 235888888

  THE NETHERLANDS

  COMMERCIAL INVOICE nr. 987

  TO:                   ORIGINAL

  FACTORING A. S.

  1, BAHAR SOKAK

  ISTANBUL, TURKEY

  Haarlem, 21 June ××××

  DESCRIPTION OF GOODS:

  1 UNIT' "DE GROOT" BRAND ROTARY CUTTING MACHINE

  TYPE 500

  SERIAL NUMBER 2003

  CUSTOMS TARIFF NUMBER 8.462.8000

  COMPLETE WITH ALL NECESSARY ACCESSORIES

  INCLUDING A SET OF FREE ADVERTISING AND PROMOTION MATERIAL

  WE CERTIFY THAT THE MACHINE IS BRAND NEW AND WAS NOT USED BEFORE

  PRICE:

  ROTARY CUTTING MACHINE            EUR           180, 000

  ACCESSORIES                 EUR           20, 000

                                      ______

  TOTAL CIP HALKALI FREE ZONE, ISTANBUL    EUR           200. 000

                                     ========

  Marks: 2003 pallet numbers 1/5-4/5  Total 4 pallets, gross weight 10, 000 kg.

                                    ____________

                       Documentary Credit no. 2003. AC. 100

  For and on behalf of

  DE GROOT MACHINES B. V.

  B. de Groot

  Document 3

  Original for shipper (sender)