Xa xứ Một năm sau khi lấy chồng Mai Lan mail cho tôi bức thư dài bốn trang chi chít là chữ. Thú thật tôi không quen và ít kiên nhẫn để đọc hết những bức thư dài như thế. Tôi nghĩ chắc cũng chỉ là thư thăm hỏi bình thường nên đọc phớt lờ vài ba dòng rồi bỏ lửng đến … Read More
WHETHER THE ISSUING BANK MUST ENDORSE THE BILL OF LADING WHEN RETURNING THE DISCREPANT DOCUMENTS TO THE PRESENTER? QUESTION Dear Mr. Old Man, I’ve been scouring the internet trying to find the right answer, when I found you blog and believe you may be able to help. We had shipped some Chrome Ore to China under Sight LC. Due to circumstances beyond our control, we could not submit documents within the presentation period. Though buyer was fully aware … Read More
WHETHER PAYMENT BY LC IS SAFE FOR THE SELLER? QUESTION Dear Mr. Old Man, I hope this email finds you well. I discovered your blog yesterday and I found it incredibly helpful. I have a couple of questions I’d like to ask, if you don’t mind. It is my understanding that sellers can only lose money on an LC transaction due to their own errors, like presenting the wrong … Read More
QUESTIONS RELATED TO SBLC QUESTION Dear Duc Nguyen Huu Sincere greetings! How are you Bank Master? I encountered a problem in my work. My buyer has agreed to the transaction, but the seller first needs the buyer to provide SBLC, because the buyer requires an SGS report from the seller. This report requires a payment of US$10,000. Although the amount is small, the seller believes that … Read More
CAN A USANCE LC BE ISSUED AVAILABLE WITH ANY BANK ? QUESTION Chào Mr. Old Man, Em có thắc mắc về LC rất mong Mr. Old Man giải đáp. Ngân hàng em phát hành LC trả chậm thường quy định ở trường 31D và trường 41D như sau: 31D: Date and Place of Expiry: … Issuing Bank 41D: Available with ISSUING BANK by acceptance hoặc by deferred payment Em thắc mắc … Read More
LATE PRESENTATION OR NOT? (updated) QUESTION Dear Nguyen, I’m not sure whether you have had similar experience below: There was a set of docs which were available at our counter. We thought it O.K. and send it to the issuing bank. But we received the issuing bank’s refusal advice citing the discrepancy “late presentation”. The fact was the beneficiary made presentation at our counter on … Read More
WHETHER THE ADVISING BANK CAN ADVISE THE LC DIRECTLY TO THE BENEFICIARY BYPASSING THE 2ND ADVISING BANK QUESTION Dear Mr. Old Man We have received and LC from the Issuing bank. There is also a 2nd advising bank given in the LC. The beneficiary is our client as well. If the beneficiary is ok, can we advise the LC directly to them or should we necessarily follow the route of the 2nd advising bank to advise the … Read More
BÃO TRAMI Trà Mi thuộc họ hoa hồng nên cũng đẹp giống như hoa hồng nhưng không có gai như hoa hồng. Nhiều ông bố bà mẹ yêu mến vẻ đẹp của Trà Mi nên thường đặt tên con gái của họ là Trà Mi. Những cô gái mang tên Trà Mi thường đẹp, hiền thục và rất đổi dịu dàng nhưng … Read More
MÌ QUẢNG TRỘN CŨNG LÀ DI SẢN? Ngày 12/08/2024 Bộ Văn hóa-Thể thao và Du lich ban hành quyết định đưa “tri thức dân gian mì Quảng” vào danh mục di sản văn hóa phi vật thể quốc gia. Vậy tri thức dân gian mì Quảng là gì? Khái niệm tri thức dân gian có thể được hiểu là kiến thức, kinh nghiệm hay kỹ năng được … Read More
What about the 5 banking day rule and can the nominated bank negotiate after the issuing bank accepts the documents for payment? QUESTION Dear Mr. Old Man, I have a question related to Art 14b (UCP600) as below: In case Bank A is a nominated bank in LC issued by Bank B; (LC available to bank A by negotiation). Bank A receives LC documents presented by beneficiary bank/beneficiary. Is Bank A compulsory to follow Art 14b as to have a maximum of … Read More