Về Đà Nẵng đạp xe leo núi đi bạn ơi! Đà Nẵng là thành phố biển nhưng không thiếu những cung đường dành cho những người yêu thích đạp xe đạp đường trường lẫn xe đạp leo núi. Với những người thích đạp xe leo núi để trải nghiệm và khám phá thì không thể bỏ qua những cung đường tuyệt đẹp của Đà Nẵng như Bán đảo Sơn Trà, … Read More
Trốn Tết ở Tây Giang Với 8 giờ ngồi trên yên xe đạp gò lưng leo qua những con dốc cao 10 – 15% nghiêng nghiêng lượn vòng từ dãy núi này sang dãy núi khác, cuối cùng đoàn phượt xe đạp cũng đã đến được thị trấn Tây Giang sau khi đổ xuống một con dốc dài ngoằn ngoèo. Thị trấn hiện ra với … Read More
Hai ngày ở Luang Prabang Từng là kinh đô của Vương quốc Triệu voi, Luang Prabang được UNESCO công nhận là Di sản Văn hóa Thế giới vào năm 1995 và đang trở thành điểm đến hấp dẫn những tay thích du lịch bụi để khám phá những vùng đất mới với nền văn hóa khác biệt. Những ai đã từng đến Luang Prabang một … Read More
SEVERAL QUESTIONS REGARDING TRANSPORT DOCUMENTS QUESTION Dear Mr. Duc, I am from Techcombank, Trade finance import department. I have admired your works and your knowledge, and you are the one who inspire me a lot. Today I would like to seek your wise counsel about some cases Case 1: + L/C stipulate: Port of discharge: Hochiminh port + B/L indicate: Port of discharge: Vung tau … Read More
WHERE THE CONFIRMING BANK DOES NOT EXTEND ITS CONFIRMATION TO AN AMENDMENT QUESTION Dear Mr. Old Man, I would like to ask you about confirmed LC. Bank B are requested by iss bk to act as confirming bank. Let say tenor at sight and partial shipment allowed. Bank B advised the LC to bank C with adding confirmation. Then bank B received amendment , expiry LC from 25 Dec 20xx become 25 … Read More
TRANSFERRED CREDIT AVAILABLE WITH ANY BANK BY NEGOTIATION QUESTION Hello Mr.Nguyen, 1) In case of transferrable LC : What if the issuing bank , 1st beneficiary and second beneficiary all 3 are in 3 different countries , how will the payment be processed ? As per the clause put by issuing bank is credit available with any bank in 1st beneficiary country, what if second beneficiary requests for … Read More
L/C WITH MULTIPLE BENEFICIARIES QUESTION Can an LC be issued in favour of several beneficiaries ? ——— ANSWER Hi, Never during my 20 years involved in LC world have I seen LC issued in favour of multiple beneficiaries. Some experts claim it is possible to issue one LC in favour of more than one beneficiary, especially when it is a standby LC, but they … Read More
LETTER OF CREDIT WITH A TIME DRAFT DRAWN REIMBURSING BANK QUESTION Dear Mr. Old Man, I just saw your blog and found it great. However I was trying to find a answer to a question I am having. I am from sellers side. We have a buyer who has opened LC to us from his bank In Indonesia. Our Bank is in Sri Lanka Buyers bank is local Indonesian bank … Read More
DP COLLECTION QUESTION Sir, I want to know, if the documents on DP term are sent with clear instruction to release only against Payment. If the collecting bank has released all shipping documents along with endorsed in favor of consignee without collecting payment (good faith), what are the obligations and responsibilities of the collecting bank ? Can the remitting bank claim from … Read More
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 ISBP, should a bank also make references to ISBP provisions in addition to UCP when checking documents to determine clean/discrepant? Please also advise on what other occasions do we use ISBP. Thanks. ————– ANSWER Hi, According to the introduction of ISBP, the international … Read More