ARE YOU ADDICTED TO CYCLING? By Mr. Old Man Why does cycling make us happy? Are you hooked on it too? Do you live to ride, or ride to live? Of course, you can live and cycle if you like—but research says, if you want to live longer, then you’d better get on that saddle more often. I have a confession to make. I’m addicted. … Read More
SỬA ĐỔI ISBP 821 – ICC LẤY Ý KIẾN GÓP Ý PHIÊN BẢN 3 (Lược dịch từ “ISBP revision process – v3 out for comments” – Kim Sindberg) ISBP 821 được các bạn làm công việc liên quan đến thư tín dụng (LC) tại các ngân hàng thương mại và các công ty xuất nhập khẩu xem như cuốn cẩm nang gối đầu giường để tham khảo lập và kiểm tra chứng từ theo … Read More
THE DIFERENCE BETWEEN UCP 600 SUB-ARTICLE 26 (c) and ISBP 821 PARAGRAPH D31 (a) QUESTION Dear Mr. Old Man, How are you? Hope you are well. I need your guidance and clarification for better understanding the difference between UCP 600 sub-article 26 (c) and ISBP 821 D31 (a) with regard to “charges additional to freight in transport document”. Regards Siva —– ANSWER Hi, UCP 600 sub-article 26(c) says“A transport document may bear a reference, by stamp … Read More
BACK TO RÚ CẤM NAM Ô & the Legend of Princess Huyền Trân There are mornings when the weather’s just too nice to stay indoors. So I hopped on my bike, stretched my aging but loyal legs, and set off on a spontaneous ride—back to Rú Cấm Nam Ô, that mysterious stretch of forest that’s been quietly guarding its secrets for centuries. Rú Cấm Nam Ô, for those unfamiliar, is a sacred forbidden … Read More
CYCLING TO LE PASS “You won’t know Le pass till you go. And once you do—get ready to pant like crazy.” (Chưa đi chưa biết đèo Le/Đi rồi mới biết đạp lè lưỡi ra) Le Pass, at 279 meters above sea level, stretches across Hon Tau Mountain on Provincial Road 611, right where Son Vien and Que Loc communes meet in Nong Son District, … Read More
WHEN A DEPOSIT IS REQUIRED TO SECURE PAYMENT UNDER A USANCE LC QUESTION Hi Mr. Old Man, I’ve been trying to find this information but couldn’t get a clear answer on Google. When an importer requests their bank to issue a usance LC, does the bank lock up the amount in his account until the LC reaches maturity? Thank you. Tengku —— ANSWER Hi, Whether a deposit is required for the issuance … Read More
APPRAISING THE FEASIBILITY OF A FILM PROJECT QUESTION Hello Mr. Old Man, After nearly two decades in the industry, I recognize there’s still much for me to learn about project financing. To educate myself more, I’ve been reading up for days and tonight I found your blog. Your expertise in this area is incredible, and I’m reaching out in hopes that you might be willing to share … Read More
Discover the Unique Charm of the Ancient Bằng An Tower Front of Bằng An tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An Tower. Located just 27 km from Đà Nẵng, 14 km from the ancient town of Hội An, and only 1.2 … Read More
CAN DECIMALS ON AN INVOICE AND DRAFT BE ROUNDED ? 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 … Read More
WHY TRANSSHIPMENT IS ALLOWED FOR GOODS SHIPPED IN A CONTAINER, TRAILER, OR LASH BARGE 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 … Read More