July 13, 2025
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Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

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  • 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?

For those who eat, sleep and breathe Letters of Credit

  • Mr Old Man Q&A

    D/P AT XXX DAYS AFTER BL DATE

    QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (D…

  • Payment

    QUESTIONS REGARDING BPO

    QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên…

  • Payment Q&A

    NEGOTIATION WITH OR WITHOUT RECOURSE

    QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clar…

  • Articles Q&A

    WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

    …

  • Uncategorized

    WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

    …

  • Mr Old Man Q&A

    WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

    …

  • Mr Old Man Q&A

    CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

    …

  • Mr Old Man Q&A

    CHANGING PAYMENT TERMS OF THE LC

    QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – I…

  • Mr Old Man Q&A

    AMOUNT OF COVER

    QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fab…

  • Mr Old Man Q&A

    LC WITH SPECIAL PAYMENT CONDITION

    QUESTION Our company is specialized in importing P-phones. Our policy is that the quality,…

  • Mr Old Man Q&A

    AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

    QUESTION LC states: – Special condition: Documents showing anycorrections without au…

  • Mr Old Man Payment Q&A

    LC CONFIRMED BY THE FIRST ADVISING BANK

    QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a questio…

  • Mr Old Man Q&A Uncategorized

    STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

    …

  • Uncategorized

    WHERE DOCUMENTS UNDER D/P ARE NOT PAID

    QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller sign…

  • Mr Old Man Q&A

    BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

    QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable?…

  • Q&A

    DP COLLECTION

    QUESTION Sir, I want to know, if the documents on DP term are sent with clear instruction …

  • Payment Q&A

    UCP 600 ARTICLES 30 AND 31

    QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứ…

  • Discovery on the cycling road Lifestyle Payment Q&A

    WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS

    Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to th…

  • Mr Old Man Payment Q&A

    CAN A BANK REFER TO THE PROVISIONS OF ISBP IN ADDITION TO UCP WHEN CHECKING DOCUMENTS?

    QUESTION Dear Mr. Old Man, When the LC only indicates UCP 600 as governing rule but not IS…

  • Articles Payment Q&A

    HOW TO GIVE NOTICE OF REFUSAL TO THE BENEFICIARY WHO HAS PRESENTED THE DOCUMENTS DIRECTLY TO THE ISSUING BANK?

    QUESTION Dear Mr. Old Man, I understand that sub-article 6 (a) UCP 600 allows the benefici…

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Q & A

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
21
147,280

QUESTION Dear Mr. Old Man, LC does not allow partial shipments. Documents were presented to the issuing bank in two separate covering schedules. The first set reached the issuing bank’s counter on 5 O…

Read More

UCP 600 ARTICLES 30 AND 31

March 16, 2010
129
34,644

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

July 31, 2018
5
32,902

LC CONFIRMED BY THE FIRST ADVISING BANK

September 15, 2013
9
31,003

TO ORDER BILL OF LADING AND ENDORSEMENT

March 6, 2010
61
29,752

Bank

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
Payment

UCP 600 ARTICLES 30 AND 31

By Mr Old Man
March 16, 2010
Mr Old Man

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

By Mr Old Man
July 31, 2018

Travel In Picture

Lifestyle

Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

Recent Posts

A Heartfelt Note from a CDCS Achiever

By Mr Old Man
in :  Articles, Mr Old Man
0
13
4 Jul 2025

At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels …


GIÀ GÂN PHƯỢT THỦ

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
20
4 Jul 2025

Sáng nay đạp xe ra phố, ghé quán cà phê quen thuộc gọi một ly đen đá không đường thiệt bự. Ngồi một mình, vừa nhậm nhi cà phê vừa lướt facebook, chợt bắt gặp tấm ảnh cũ hồi còn rong ruỗi khám phá những cung đường núi khó nhằn. Nhìn lại tấm ảnh đạp xe trên đồi chè Đông …


FRAUDULENT FUND TRANSFER VIA EMAIL HACKING AND BENEFICIARY ACCOUNT CHANGE

By Mr Old Man
in :  Articles, Mr Old Man, Payment, Q&A
0
61
4 Jul 2025

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 …


Can a Bill of Lading Show a Third Party as Shipper When the Credit Doesn’t mention it?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
16
3 Jul 2025

 QUESTION Dear Sir, Greetings from Himalayan Bank!!! I am here to ask for your valuable suggestion on below. Bill of Lading mentions Shipper as Third party acting on behalf of the Beneficiary but there is no provision for third party in the credit. Does this mean the third party is an authorized agent acting for the beneficiary? Can this be …


Is “Bangkok Thailand” Without “PAT” Still Compliant With the LC?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
18
3 Jul 2025

QUESTION Hi Sir, Request your opinion on the below. LC F 44B: BANGKOK THAILAND PAT BL place of Delivery: Bangkok Thailand. We have received a refusal from the issuing bank stating Place of Delivery in BL not as per LC. Please advise if this is a valid refusal and whether this can be refuted. Regards, PSP ___ ANSWER Hi, Field …


AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
13
2 Jul 2025

Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are complying, but the issuing bank still finds discrepancies? In this piece, I share a real question from an exporter and a practical response from yours truly. Sometimes …


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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

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

By Mr Old Man
2 days ago
in :  Articles, Mr Old Man
0
17

I recently received an email from a friend — a lawyer working at Hana Bank in South Korea. He explained that his bank is currently dealing with a wave of fraudulent international transfers. In these cases, hackers had intercepted email communications between businesses and altered the beneficiary’s account number in the payment instructions. As a result, tens of millions of …

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
24

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
38

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
33

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

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

By Mr Old Man
6 days ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
17

Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …

Read More
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17

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

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

By Mr Old Man
2 days ago
in :  Articles, Mr Old Man
0
17

I recently received an email from a friend — a lawyer working at Hana Bank in South Korea. He explained that his bank is currently dealing with a wave of fraudulent international transfers. In these cases, hackers had intercepted email communications between businesses and altered the beneficiary’s account number in the payment instructions. As a result, tens of millions of …

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
24

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
38

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
33

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

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

By Mr Old Man
6 days ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
17

Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …

Read More
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

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Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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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 …

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

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

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Is a CPBL Acceptable When the LC Is Silent?

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

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

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Red Flags in a Copper Deal Under CIF Terms

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

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

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

6 days ago
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Freight over FOB? No Worries, My Friend!

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
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12 Jul 2025

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 …


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

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man, Payment, Q&A
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11 Jul 2025

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. …


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

By Mr Old Man
in :  Articles, Mr Old Man
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17
11 Jul 2025

I recently received an email from a friend — a lawyer working at Hana Bank in South Korea. He explained that his bank is currently dealing with a wave of fraudulent international transfers. In these cases, hackers had intercepted email communications between businesses and altered the beneficiary’s account number in the payment instructions. As a result, tens of millions of …


Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
24
10 Jul 2025

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 …


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

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
18
10 Jul 2025

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 …


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

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
38
9 Jul 2025

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, …


Red Flags in a Copper Deal Under CIF Terms

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
33
8 Jul 2025

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 …


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

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
14
8 Jul 2025

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 …


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

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
16
7 Jul 2025

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 …


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

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
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17
7 Jul 2025

Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …


Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago

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

By Mr Old Man
2 days ago

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17
Mr Old Man

Freight over FOB? No Worries, My Friend!

By Mr Old Man
1 day ago
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 …

Read More

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

2 days ago
0
12

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

2 days ago
0
17

Is a CPBL Acceptable When the LC Is Silent?

3 days ago
0
24

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

3 days ago
0
18

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

4 days ago
0
38

Red Flags in a Copper Deal Under CIF Terms

5 days ago
0
33

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

5 days ago
0
14

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

6 days ago
0
16

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

6 days ago
0
17

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
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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

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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

  • November 29, 2016

    PAYMENT CLAUSE IN TRANSFERRED LETTERS OF CREDIT

  • January 18, 2014

    QUESTIONS REGARDING BPO

  • March 6, 2010

    PARTIAL PAYMENTS UNDER COLLECTION

  • March 16, 2010

    SUBJECT TO UCP 600 OR UCP 500?

  • June 14, 2011

    ON BOARD NOTATION

  • January 22, 2019

    WHERE LC REQUIRES PRESENTATION OF FCR INSTEAD OF BL

Top Tags NUMBER OF ORIGINALS Documents lost in transit lc-availability negotiation notify party transferred LC Amendment Late presentation Monkey Mountain Challenge 2025 non-documentary conditions Drafts under confirmed LC Hai Dang Tien Sa SBLC On board notation invoice
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