Adds detail about the investigation, context about the LME in paragraphs 2-4

LONDON, April 1 (Reuters) - The London Metal Exchange $(LME.AU)$ has taken disciplinary action against Access World Vlissingen B.V., which agreed to pay a financial penalty of 60,000 pounds ($77,328), in relation to breaches of the LME's warehouse rules dating back to 2022.

The exchange, the world's oldest and largest market for industrial metals, said a settlement was reached before the institution of disciplinary proceedings.

Between October 18, 2022 and November 16, 2022 four warrants of full plate nickel cathodes were erroneously loaded out of a shed in Access World's Rotterdam branch. LME warrants are title documents that confer ownership.

The incidents were discovered by a third party that was commissioned by Access World to conduct an independent audit and produce a report. Access World then informed the LME about the incidents, the LME said.

During the investigation, Access World told the LME that the incidents were caused by human error and it has taken measures to minimise the risk of this happening again, the LME said in statement on Tuesday.

Access World did not immediately reply to a Reuters' request for comment.

The LME is owned by Hong Kong Exchanges and Clearing Ltd. 0388.HK.

($1 = 0.7759 pounds)

(Reporting by Polina Devitt; Editing by Kirsten Donovan and David Evans)

((polina.devitt@thomsonreuters.com; Reuters Messaging: polina.devitt.thomsonreuters.com@reuters.net))