This morning, I set out on a cycling trip to Đông Giang with a pretty neat plan: ride all the way to Tư commune, turn back to stop by Trung Man market, grab my usual glass of mixed sweet soup at a familiar stall, then head home. The total would clock in nicely at 100 km, just enough to complete …

One fine morning, I saddled up with my cycling comrade Khánh Huỳnh and climbed over Hải Vân Pass. From there, we swooped down into Lăng Cô and made a detour to visit Hói Dừa Parish. Funny enough, I’d biked past this area a bunch of times—looping around Lập An Lagoon, weaving through places called Hói Cạn, Hói Mít, and Hói …

 QUESTION  Dear Mr. Old Man, I have a scenario that I’d appreciate your thoughts on: The issuing bank is located in Singapore. The advising/confirming bank is in Trieste, Italy. In the original LC, Field 31D (Date and Place of Expiry) is: 18 June 2025 – Singapore. Field 41A (Available With… By) is: Available with the confirming bank by NEGOTIATION. The …

QUESTION Dear Mr. Old Man, I have a question that needs your help. An LC issued by AGRIBANK requires the bill of lading to be “made out to order of AGRIBANK.” However, the presented bill of lading is made out to the order of BNP Paribas (Suisse) SA, and is endorsed in succession as follows: • BNP Paribas (Suisse) SA …

Subject: LC issued by K. BANK – Refusal to Confirm and Subsequent Presentation From: Mr. Old Man Date: 4 June 2025 Background Bank N received a letter of credit (LC) from K. BANK with the following terms: 41A: Available With Bank N By Negotiation 42A: Drawee: Bank N 42C: Draft: At Sight 47A: T/T Reimbursement is Not Allowed 49: Confirmation …

One of the questions I get asked a lot by friends and old colleagues — especially those living far away or nearing retirement age — is: “So… now that you’re retired, are you doing anything else to keep busy?” To be honest, whether or not to keep working after retirement really depends on your personal situation — your health, your …

QUESTION Dear my expert friend “Old Man”, I have the following question: A beneficiary received a confirmed Letter of Credit issued by Bank A. The beneficiary assigned the proceeds to Bank B and subsequently requested Bank B to issue another Letter of Credit.   Is Bank B entitled to require the beneficiary to waive their right to accept or reject …

QUESTION Dear Old Man, Please guide: Scenario: – LC issued MT-700 by MCBLMUMUXXX MAURITIUS – LC received and transmitted by BOMLAEADFTC UAE to BAFL-India via MT-710 – LC requested and confirmed by BOMLAEADFTC UAE – All charges outside (ALL LOCAL AND FOREIGN WHETHER WITHIN OR OUTSIDE IS ACCOUNT OF APPLICANT) – Available by BOMLAEADFTC UAE Payment – 1st confirming bank: …

One of the most misunderstood provisions in documentary credits is the famous “21-day rule” under Article 14(c) of UCP 600. Some bankers treat it as a rule applicable only to the bill of lading. Others assume that as long as documents are presented before the L/C expiry date, everything is fine. And then comes the classic confusion: “If the credit …

Một trong những câu hỏi Mr. Old Man thường xuyên nhận được từ bạn bè, đồng nghiệp cũ — nhất là mấy ông chưa tới tuổi về hưu — là: “Anh nghỉ hưu rồi, có làm gì thêm cho đỡ buồn không?” Thật ra, nghỉ hưu xong có kiếm việc làm thêm hay không còn tùy vô hoàn cảnh mỗi …