July 13, 2025
  • Contact

Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

  • Home
  • Articles

    A Note of Thanks – And a Little Update from Mr. Old Man

    When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    A Heartfelt Note from a CDCS Achiever

  • Lifestyle

    A Note of Thanks – And a Little Update from Mr. Old Man

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

  • Discovery on the cycling road

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

    Profile Update: Mr. Old Man’s World – Where Trade Finance Meets Adventure

  • Q&A
  • Popular
3 New Articles
  • 1 day ago Freight over FOB? No Worries, My Friend!
  • 2 days ago A Note of Thanks – And a Little Update from Mr. Old Man
  • 2 days ago When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?
Home Mr Old Man Payment

Payment

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
7

QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would be appropriate to raise a discrepancy for the export documents. I have a further question: Is it possible for the freight amount under a CFR Incoterm to …

Read More

A Note of Thanks – And a Little Update from Mr. Old Man

By Mr Old Man
2 days ago
in :  Articles, Lifestyle, Mr Old Man, Payment, Q&A
0
12

A Note of Thanks – And a Little Update from Mr. Old Man Dear friends, Despite the growing number of resources and the rise of tools like ChatGPT, I’m deeply touched that so many of you—both in Vietnam and around the world—still trust me with your questions about international payments and trade finance. Thank you sincerely for your continued confidence. …

Read More

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
23

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can …

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
18

QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the …

Read More

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
37

QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, …

Read More

Red Flags in a Copper Deal Under CIF Terms

By Mr Old Man
5 days ago
in :  Mr Old Man, Payment, Q&A
0
32

QUESTION  Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding …

Read More

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

By Mr Old Man
5 days ago
in :  Mr Old Man, Payment, Q&A
0
14

QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued …

Read More

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

By Mr Old Man
6 days ago
in :  Mr Old Man, Payment, Q&A
0
16

QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025.  The usance period is 60 days from  the T/R date. Currently the due date for the …

Read More

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
22

 QUESTION  Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are …

Read More

FRAUDULENT FUND TRANSFER VIA EMAIL HACKING AND BENEFICIARY ACCOUNT CHANGE

By Mr Old Man
1 week ago
in :  Articles, Mr Old Man, Payment, Q&A
0
61

Two nights ago, just before midnight, a friend of mine—an in-house lawyer at a Korean bank (let’s call it Bank K)—sent me an email asking if I could recommend a Vietnamese lawyer to assist one of his clients. The client had fallen victim to a scam involving a fund transfer to a beneficiary account at a Vietnamese bank (let’s call …

Read More
123...23Page 1 of 23

About me

Recent Posts

Freight over FOB? No Worries, My Friend!

Mr Old Man
1 day ago

A Note of Thanks – And a Little Update from Mr. Old Man

Mr Old Man
2 days ago

When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?

Mr Old Man
2 days ago

Is a CPBL Acceptable When the LC Is Silent?

Mr Old Man
3 days ago
  • Popular
  • Recent
  • Comments
  • Tags

UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

Mr Old Man
March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

Mr Old Man
March 6, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

Mr Old Man
March 6, 2010

Freight over FOB? No Worries, My Friend!

Mr Old Man
1 day ago

A Note of Thanks – And a Little Update from Mr. Old Man

Mr Old Man
2 days ago

When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?

Mr Old Man
2 days ago

Is a CPBL Acceptable When the LC Is Silent?

Mr Old Man
3 days ago

Lica Mauer: In reply to Lucky comment: there is a clear omission of terms and conditions eit...

Vo Ngoc Vinh: great experience, i enjoyed it...

Mr Old Man: Hi, I am not sure I understand your question correctly. According to sub-article...

Iqbal Moolla: Dear Mr. Old Man, I trust you are well. If there is a Deferred Payment LC for 90...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit On board notation non-documentary conditions SBLC Amendment lc-availability invoice Late presentation NUMBER OF ORIGINALS Hai Dang Tien Sa notify party Drafts under confirmed LC CPBL Hoa Bac any chinese port Insurance document 24 hour charity cycling event Shipping guarantee beneficiarys-name Disposal of docs without delay transferred LC expiry-date

Follow Me

Popular posts

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man
October 19, 2015

UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

Mr Old Man
July 31, 2018

LC CONFIRMED BY THE FIRST ADVISING BANK

Mr Old Man
September 15, 2013

Travel

EARLY PRESENTATION

Mr Old Man
September 11, 2017

QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know …

Timeline

  • March 30, 2012

    SANCTION CLAUSE IN A USANCE LC

  • February 14, 2025

    CAN THE APPLICANT CHANGE THE BENEFICIARY’S ADDRESS AS PER THE BENEFICIARY’S STAMP ON THE PROFORMA INVOICE?

  • March 8, 2013

    E-CUSTOMS DECLARATION

  • November 24, 2017

    SEVERAL QUESTIONS REGARDING TRANSPORT DOCUMENTS

  • 3 weeks ago

    WHEN MUST THE TRANSFERRING BANK ADD ITS CONFIRMATION TO A TRANSFERRED L/C?

  • December 20, 2022

    NHỮNG CHỮ “ĐỪNG” CẦN LƯU Ý KHI MUA XE ĐẠP

Top Tags On board notation Amendment negotiation Drafts under confirmed LC invoice Monkey Mountain Challenge 2025 Hai Dang Tien Sa transferred LC Late presentation NUMBER OF ORIGINALS notify party non-documentary conditions lc-availability SBLC Documents lost in transit
© Copyright 2014 - 2017 | Mr Old Man Theme by ThietKeWebDaNang.Com | All Rights Reserved | Powered by Cuongnq