Dynamics NAV 2016 - Error printing out of the box report 5705 Transfer Receipt

Hi Folks -

When user is trying to post and print a Transfer receipt they get the error 'Rendering report for output failed and following error occurred: The definition of report " in invalid. I have seen many blogs about this error and it says it’s due to the bitmap/picture or blob fields used on this report or if the report is saved as PDF, this out of the box NAV report does not have any bitmap or any picture being printed as a matter of fact has not even been modified. This error has been popping up for the last few days. Does anyone know a fix for this issue.

Any help is highly appreciated.