In the late Lochkovian a regression is documented in several areas of the world, followed by a transgression in the early Pragian. Connected with the eustatic variation, a minor extinction event occurred (“Lochkovian-Pragian Event”), affecting several fossil groups, a strong reduction of carbonate production and sedimentary facies changes. The Carnic Alps are a key area for studying this event, because Lower Devonian rocks are widely exposed, representing diverse sedimentary environments from shallow water to relatively deep shelf. Fourteen sections were measured along the Carnic Alps across the Lochkovian-Pragian boundary. In the shallower part of the basin, both the Polinik and the Seekopf formations span the boundary, but evident erosional surfaces are observable in the field at the Lochkovian-Pragian boundary. Above the unconformity, at places the so-called megaclast horizon is present in the Seekopf Formation. In intermediate settings the Rauchkofel Fm. is unconfomably followed by the Kellerwand Fm., and different parts of the upper Lochkovian and lower Pragian are missing in the various sections. In the deeper parts of the basin the transition from the La Valute Fm. to the Findenig Fm. is slightly diachronous from the latest Lochkovian to the earliest Pragian; however, conodonts and tentaculitids are rare in the marly boundary beds, preventing a precise chronostratigraphic calibration of these levels. At places, evidence of subaerial exposure at the formational boundary is documented. In general, the hiatus seems to be larger in the western part of the Carnic Alps, in correspondence with the shallower parts of the succession, suggesting a sea level drop in the late Lochkovian, followed by a transgression in the Pragian. Data from the Carnic Alps are compared with those of other regions of North Gondwana to demonstrate that the sea-level variation at the Lochkovian-Pragian boundary are of global importance