L/C that (1) does not comply with the terms and conditions under which it was established, (2) is without a required item of information, or (3) the information provided is inconsistent with the associated documents. The issuing bank of a discrepancy L/C is not obliged to pay its beneficiary and (if it is a confirmed L/C) nor is the confirming bank. Such L/Cs are normally referred back to the buyer or importer (the 'account party') for instructions.