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By Mr Old Man

Posted on February 22, 2014

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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…

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QUESTIONS REGARDING BPO

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NEGOTIATION WITH OR WITHOUT RECOURSE

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WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

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December 13, 2013
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WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

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December 5, 2013
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WHY IS FIELD 46A OPTIONAL?

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December 3, 2013
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WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

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November 30, 2013
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DOCUMENTS ARE TO BE PRESENTED WITHIN XX DAYS FROM/AFTER SHIPMENT DATE

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November 29, 2013
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CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

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November 27, 2013
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REIMBURSEMENT CLAIM

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November 26, 2013
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INSURANCE DOCUMENT ISSUED TO ORDER OF THE ISSUING BANK

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November 22, 2013
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CHANGING PAYMENT TERMS OF THE LC

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

November 18, 2013
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AMOUNT OF COVER

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

November 13, 2013
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ABBREVIATIONS

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November 7, 2013
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LC WITH SPECIAL PAYMENT CONDITION

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

November 7, 2013
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TOLERANCE APPLICABLE AGAINST INDIVIDUAL QUANTITIES

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November 5, 2013
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LC IS TRANSFERABLE

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October 30, 2013
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ANOTHER CASE OF ASSIGNMENT OF PROCEEDS

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October 24, 2013
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AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

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

October 19, 2013
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DOMESTIC LC

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October 17, 2013
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WHY AVAILABLE BY PAYMENT INSTEAD OF AVAILABLE BY NEGOTIATION?

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October 11, 2013
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ASSIGNMENT IN FAVOUR OF THE NOMINATED BANK

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October 5, 2013
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INVOICE NOT ISSUED BY THE BENEFICIARY

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October 2, 2013
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ADDRESS OF THE BENEFICIARY

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September 23, 2013
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CERTIFICATE OF ORIGIN INDICATING A QUANTITY GREATER THAN THAT STATED IN THE CREDIT

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September 17, 2013
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LC CONFIRMED BY THE FIRST ADVISING BANK

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September 15, 2013
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A FULL SET OF BILLS OF LADING MEANS A FULL SET OF ORIGINAL BILLS OF LADING

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September 14, 2013
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THE NAME OF THE COUNTRY NEED NOT BE STATED

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September 11, 2013
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CARGO TO BE RELEASED WITH MORE THAN ONE BILL OF LADING TO BE SURRENDERED

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September 10, 2013
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COUNTER GUARANTEE

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September 9, 2013
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STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

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September 7, 2013
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CORRECTION AND ALTERATION

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September 7, 2013
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A CERTIFICATE MUST BE ISSUED BY THE ENTITY STATED IN THE CREDIT

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August 29, 2013
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DOCUMENTS PRESENTED DIRECTLY TO THE ISSUING BANK

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August 23, 2013
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BL AND BL RIDER SIGNED WITH DIFFERENT SIGNATURES

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August 15, 2013
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NEED THE NAME OF THE COUNTRY BE STATED?

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August 15, 2013
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CAD

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August 6, 2013
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HOW TO DETERMINE THE PRESENTATION PERIOD WHEN MULTIPLE SETS OF BILLS OF LADING ARE PRESENTED

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WHERE ORIGINAL BILLS OF LADING ARE NOT REQUIRED TO BE PRESENTED

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July 26, 2013
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SHIPPED ON BOARD THE PRE-CARRIAGE VESSEL

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July 25, 2013
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PLACE OF AVAILABILITY VS PLACE OF EXPIRY

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July 20, 2013
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PLACE OF PRESENTATION

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July 15, 2013
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WHEN LC REQUIRES PRESENTATION OF LESS THAN A FULL SET OF ORIGINAL BILLS OF LADING

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July 9, 2013
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EXPRESS BILL OF LADING

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July 8, 2013
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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…

June 25, 2013
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WHERE THE BL DATE IS REFERRED TO AS THE DATE OF ISSUANCE

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June 21, 2013
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WHETHER SUB-ARTICLE 14 (c) IS APPLICABLE

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June 21, 2013
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BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

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ADVANCE PAYMENT & SBLC

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DISCREPANCY ARISING FROM MISMATCH IN PAYMENT TERMS ON INVOICE vs. LC

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UNDERSTANDING THE ROLE AND OBLIGATIONS OF A NOMINATED BANK UNDER A NEGOTIATION CREDIT

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