DEFERRED PAYMENT UNDERTAKING QUESTION I have come accross this statement. “Under UCP600, the DPU remains undefined and still a bit of a mystery as to whether/how its incurrence may/must be evidenced.” Could you please comment further? Best regards, G. —- ANSWER You may have learnt about Banco Santander case in connection with discounting one’s own deferred payment undertaking (DPU). The main details of … Read More
DOES SHIPMENT FROM ANY CHINESE PORT INCLUDE TAIPEI PORT? QUESTION Dear Mr. Old Man, I’ve heard that if L/C stipulates the port of loading as “Any port in China” or “Any Chinese port”, a bill of lading indicating the port of loading as Hong Kong is acceptable. 1) Let me know if what I’ve heard is true. 2) If it is true, what if the bill of lading indicates … Read More
WHICH ARTICLE OF UCP 600 IS APPLICABLE FOR EXAMINATION OF A TRANSPORT DOCUMENT QUESTION Hi Mr Old Man, Please help me with the following case: Field 44E : VietNam 44F : Belgium 44B : France 45A : CFR Belgium 46A : Bill Of Lading, …notify: applicant ( france) Cert of Origin and Health Cert must state final destination ( france ) B/l will state as follows Port of Loading : Vietnam Port of … Read More
QUESTIONS REGARDING LC WITH T/T REIMBURSEMENT ALLOWED QUESTION Dear Mr. Nguyen, Many thanks for taking the time to reply while busy working . I apologize about unclear query on face book. Please allow me to explain more clearly: In fact we are the applicants our bank amended the L/C to allow T.T. Reimbursement without seeking our approval to authorize such amendment. The amendment was carried by issuing … Read More
EXPIRED LC QUESTION Hi Mr. Old Man, We have the following case relating to expired L/C. Our bank sent the issuing bank the documents under the L/C available with the issuing bank by acceptance. As the L/C expired, the issuing bank sent us a message informing that it treated the documents as a collection. Two weeks later, the issuing bank sent us … Read More
BILL OF LADING ENDORSED BY AGENT OF THE SHIPPER QUESTION Dear Mr. Old Man, Please help me with the following question: B/L shows as follows: Shipper: Company 1 A/C Company 2 Consignee: To Order Endorsement made by Company 2 What does A/C mean? Does Company 2 have right to endorse the bill of lading? I’m looking forward to receiving your reply soon. Thank you very much. Best Regards, QN … Read More
CHARTER PARTY BILL OF LADING INDICATES RANGE OF PORTS AS PORT OF DISCHARGE QUESTION Dear Mr. Old Man, LC requires presentation of full set of original clean on board ocean bills of lading… and also allows presentation of charter party bills of lading. Field 44F (Port of Discharge): PHU MY PORT OR CAI MEP PORT OR HO CHI MINH PORT A shipped on charter party presented shows Port of Discharge as PHU MY … 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
WHERE GOODS COVERED BY MORE THAN ONE BILL OF LADING QUESTION Dear Mr. Old Man, Happy new year Mr. Old Man, Related to Goods covered by more than Bill of lading . Beneficiary presented Bill of lading with one container “1x40rh” with bill of lading no:SGN0535366” and Bill of lading showed”PART LOAD CONTAINER(S) COVERED BY BLS: SGN053042, SGN0535366 As per E28 ISBP745, Such Bill of lading is acceptable Please give … Read More
Chơi Tết ở Tây Giang Năm 2017 Mr. Old Man phượt xe đạp lên Tây Giang trốn Tết. Năm 2018 nhớ Tây Giang Mr. Old Man trở lại và lần này là chơi Tết. Mr. Old Man lên cả đỉnh Quế săn mây và xuống Tr’Hy ăn Tết với đồng bào Cơ Tu. CHƠI TẾT Ở TÂY GIANG Thức dậy bên bếp lửa đã lụi … Read More