QUESTION Dear Sir How are you doing? If we show a round off figure of $625,000.00 instead of $ 625,000.05, Will it be a Discrepancy. The calculation is as below. Unit Price: USD 41,666.67 Qty: 15 Total = USD 41,666.67 x 15 = USD 625,000.05 But, if we show $ 625,000.00 in the Invoice and Draft, Will it be a …

QUESTION Hello Sir, I hope you are doing well. Sir, I have a query that I hope you can help me with. Sub-article 20 (c) (ii) of UCP 600 allows transshipment if goods are shipped in a container, trailer, or LASH barge. Why is transshipment permitted in these cases? Regards, Ahtisham Ali ————– ANSWER Hello, In my understanding, it is …

Ngày 30/4/2025 đánh dấu cột mốc 50 năm thành lập Vietcombank Đà Nẵng (30/4/1975 – 30/4/2025) – không chỉ là dấu ấn lịch sử của một chi nhánh đặc biệt, mà còn là dịp ý nghĩa với Mr. Old Man, người đã gắn bó suốt 30 năm cho đến khi nghỉ hưu vào năm 2021. Trong buổi lễ trang trọng …

QUESTION Dear Mr. Old Man, I need your guidance in the following scenario: If a Nominated Bank has incurred its deferred payment undertaking or has accepted a draft drawn on it but fails to honour at maturity, then what options does the beneficiary have? Please clarify. Regards, Siva Prasad —— ANSWER Hi Siva, According to UCP 600 sub-article 7 (a) (iii) and …

QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we received two proforma invoices indicating a unit price of USD 80.620 per barrel. Subsequently, the customer requested an increase in the L/C amount. …

Just 7 kilometers northeast of Tam Ky City and about 75 kilometers from Da Nang via the coastal route lies one of Vietnam’s lesser-known but profoundly significant historical landmarks: the Ky Anh Tunnels. Once part of Ky Anh Commune (now Tam Thang Commune), this site ranks among the three largest tunnel networks in Vietnam, alongside the famous Cu Chi Tunnels …

By Mr. Old Man, 10/2021 Located at No. 2, 2-9 Street, Hai Chau District, Da Nang City, the Museum of Cham Sculpture is home to the largest and most comprehensive collection of Cham sculpture in Vietnam. The artifacts on display here represent the artistic heritage of the ancient Champa Kingdom and have been unearthed from various coastal provinces of Central …

QUESTION Dear Sir, Good day! I have one Doubt. L/C shows Field 50 (Applicant) as below: EAST AFRICAN PHARMACEUTICALS PLC ST. ST. SALITMEHERET CHURCH ROAD, NEAR TO JACROSHOUSING COMPOUND ROBERA COFFEE FACTORY TEL: +251116461456/57 TIN 0000034121 Whereas The AWB Clause shows as below: SIGNED AND STAMPED ORIGINAL AIRWAY BILL PLUS ONE COPY MARKED FREIGHT (PREPAID) ISSUED IN THE NAME OF …

When you think of world leaders, images of formal suits, summits, and speeches probably come to mind. But behind the podium, some politicians are swapping motorcades for mountain bikes. From American presidents to European monarchs, cycling has long been a favorite pastime of many global figures. Joe Biden: Pedaling Through Politics Joe Biden, the 46th President of the United States, …

QUESTION Hi Mr. Old Man,  How are you? Hope this email finds you well. I need your kind support in understanding UCP 600 ARTICLE 11. Please share any case studies or opinions shared by you for this Article. Regards Siva Prasad —- ANSWER Hi Siva, In fact, the provision in Article 11 of UCP 600 is very clear. If you read it carefully, you …