Yamal vs Messi: Ai sẽ thắng? Sáng mai, vào lúc 2:00, trận chung kết World Cup 2026 giữa Tây Ban Nha và Argentina sẽ diễn ra. Đây cũng là cuộc đối đầu đầy duyên nợ giữa Messi và Yamal. Mười chín năm trước, Messi – khi ấy là chàng trai 20 tuổi của Barcelona – đã bế và tắm cho cậu bé Yamal mới khoảng 5 … Read More
Hồi xưa Mr. Old Man học hành… ba lém lắm! Hôm nay lướt Facebook, tình cờ bắt gặp Sếp cũ đăng tút về Lễ kỷ niệm 100 năm ngày sinh kẻ sĩ Nam Bộ Trần Bạch Đằng – một chính khách, nhà nghiên cứu, nhà văn, nhà báo kỳ cựu của Việt Nam. Ông còn được biết đến với bút danh Nguyễn Trương Thiên Lý, tác giả kịch bản Ván … Read More
Insurance Requirement “Irrespective of Percentage” – Can It Be Removed from an LC? Introduction A reader asked whether an issuing bank may agree to amend a letter of credit by removing the phrase “irrespective of percentage” from the insurance requirement. Would such an amendment create any risk for the bank, particularly where the insurance policy or certificate is required to be endorsed in favour of the issuing bank? The answer lies in understanding … Read More
Insurance Cover Exceeding the LC Requirement – Is ICC (A) Acceptable When the Credit Requires Marine Risks or ICC (C)? Introduction Under UCP 600, banks examine whether the documents presented comply with the terms and conditions of the letter of credit. A common question is whether an insurance document is acceptable when it provides broader insurance coverage than that stipulated in the credit. In this Q&A, Mr. Old Man explains why an insurance document evidencing Institute Cargo Clauses (A) (ICC … Read More
Increasing an LC Amount – Is a Revised Proforma Invoice Required? Introduction When an applicant requests an amendment to increase the value of a documentary credit, banks often require supporting commercial documents to justify the amendment. But what if the beneficiary refuses to issue a revised proforma invoice or to indicate that the invoice has been revised? Is the issuing bank still able to process the amendment? The following Q&A discusses … Read More
Can a Transferred Letter of Credit Have a Shorter Usance Period Than the Original Credit? A transferable letter of credit allows the first beneficiary to transfer all or part of its rights under the credit to a second beneficiary. While UCP 600 permits certain terms of the transferred credit to be reduced or curtailed, not every provision may be changed. In this Q&A, a reader asks whether the deferred payment period in a transferred credit … Read More
Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled for the match. And FIFA said yes. That little “good luck charm” probably wasn’t a coincidence. It brought back memories of the 1986 World Cup quarter-final—also against England. On that famous day, Argentina … Read More
Tưởng mỗi Mr. Old Man mê tín… Ai dè Argentina còn “dị đoan” hơn! Trước trận quyết đấu với Anh, Argentina đã nài nỉ FIFA cho mặc áo xanh sân khách thay vì áo sọc trắng-xanh truyền thống như lịch công bố ban đầu. Và FIFA cũng gật đầu đồng ý. Chiêu “cầu may” này chắc không phải ngẫu nhiên. Nó gợi nhớ đến trận tứ kết World Cup 1986 với chính tuyển Anh. … Read More
Does a Struck-Out Endorsement on a Bill of Lading Require Authentication? A bill of lading issued “to order” is commonly endorsed by the shipper after issuance to transfer title to the goods. But what happens if an endorsement is mistakenly made by the wrong party, then crossed out and replaced by the correct endorsement? Does such a change constitute a correction to the bill of lading requiring authentication under ISBP 821 … Read More
Who Will Win the 2026 Ballon d’Or? Last week, Mr. Old Man wrote an article titled “Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or?” and boldly predicted that the award would most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Well… just a few days later, the picture has changed dramatically. First, England sent Norway and … Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?