February 04, 2023
  • Contact

Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

  • Home
  • Articles

    YOU WILL LIKE HER

    BẠN SẼ YÊU THÍCH CÔ ẤY

    VUA LEO NÚI & NỮ HOÀNG LEO NÚI ĐÈO HẢI VÂN LÀ AI?

    CHUYỆN TÌNH CHÀNG LÍNH MỸ VỚI CÔ GÁI VIỆT

  • Lifestyle

    CHUYỆN CHIẾC YÊN XE

    KỶ LỤC ĐẠP XE CHỤP ẢNH VIẾT BÀI KHÓ PHÁ

    ĐẠP XE ĐẠP DỌN RÁC KHOE PHÂY

    TRỞ LẠI HẢI VÂN QUAN

    ĐÀ NẴNG CẦN CÓ ĐƯỜNG ĐUA MỚI CHO GIẢI MTB CHINH PHỤC THIÊN HẠ ĐỆ NHẤT HÙNG QUAN

  • Discovery on the cycling road

    YOU WILL LIKE HER

    BẠN SẼ YÊU THÍCH CÔ ẤY

    VUA LEO NÚI & NỮ HOÀNG LEO NÚI ĐÈO HẢI VÂN LÀ AI?

    CHUYỆN TÌNH CHÀNG LÍNH MỸ VỚI CÔ GÁI VIỆT

  • Q&A
  • Popular
3 New Articles
  • 16 hours ago Letter Of Credit Scam In The Form Of MT710
  • 1 week ago ON BOARD NOTATION
  • 1 week ago ON BOARD NOTATION
Home Mr Old Man Payment

Payment

WITHOUT DELAY IN URC 522

By Mr Old Man
September 14, 2022
in :  Mr Old Man, Payment, Q&A
0
347

QUESTION Dear Mr. Old Man, Kindly assist in case of D/A shipments (90 Days after BL date), in how many days, the presenting bank should determine the presentation are complying or not. According to URC 522, art. 1(C), if a bank elects, for any reason, not to handle a collection or any related instructions received by it, it must advise …

Read More

SWIFT LÀ GÌ VÀ TẠI SAO NGA BỊ LOẠI KHỎI HỆ THỐNG THANH TOÁN SWIFT?

By Mr Old Man
February 28, 2022
in :  Articles, Mr Old Man, Payment
0
1,340

Mỹ và EU quyết định chọn giải pháp “hạt nhân” là loại các ngân hàng Nga khỏi hệ thống thanh toán quốc tế, SWIFT nhằm đáp trả việc Nga tấn công quân sự Ucraine. Tài sản của Ngân hàng Trung ương Nga cũng sẽ bị phong tỏa nhằm ngăn chặn Nga sử dụng dự trữ ngoại hối gửi tại các …

Read More

HOW TO GIVE NOTICE OF REFUSAL TO THE BENEFICIARY WHO HAS PRESENTED THE DOCUMENTS DIRECTLY TO THE ISSUING BANK?

By Mr Old Man
September 13, 2017
in :  Articles, Payment, Q&A
3
3,836

QUESTION Dear Mr. Old Man, I understand that sub-article 6 (a) UCP 600 allows the beneficiary to present the documents directly to the issuing bank. However, I want to know how the issuing bank give the notice of refusal to the beneficiary in case the presented documents contain discrepancies. Thank you for your advice Best regards, L.L —– ANSWER Hi, …

Read More

EARLY PRESENTATION

By Mr Old Man
September 11, 2017
in :  Articles, Discovery on the cycling road, Payment, Q&A
0
3,911

QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know that you usually give valuable oppion for difficult cases from bank in Vietnam. Today, our bank faces with a difficult case and I would like to seek your valuable idea: L/C required: Latest date of shipment: 10 Aug 20… Period for presentation: After 21days from the …

Read More

PAYMENT CLAUSE IN TRANSFERRED LETTERS OF CREDIT

By Mr Old Man
September 11, 2017
in :  Payment, Q&A
0
1,557

  PAYMENT CLAUSE IN TRANSFERRED LETTERS OF CREDIT QUESTION Dear all, Is the payment clause that we shall pay only when we receive funds from issuing bank under original L/C, usual in transferred letters of credit and the banks are always using such structure of payment clause when transferring L/C or is it something which some banks are using but …

Read More

DOCUMENTS LOST IN TRANSIT

By Mr Old Man
March 30, 2017
in :  Articles, Payment
2
3,145

QUESTION Dear Mr Old Man, Please help me to clarify my confusions about the paragraph of article 35 UCP 600, which says “If a nominated bank determines that a presentation is complying and forwards the documents to the issuing bank or confirming bank, whether or not the nominated bank has honoured or negotiated, an issuing bank or confirming bank must …

Read More

PAYMENT CLAUSE IN TRANSFERRED LETTERS OF CREDIT

By Mr Old Man
November 29, 2016
in :  Articles, Payment
13
2,231

QUESTION Dear all, Is the payment clause that we shall pay only when we receive funds from issuing bank under original L/C, usual in transferred letters of credit and the banks are always using such structure of payment clause when transferring L/C or is it something which some banks are using but it is not proper? Thanks Snježana ———- ANSWER …

Read More

T.T.REIMBURSEMENT ALLOWED

By Mr Old Man
July 29, 2016
in :  Articles, Payment, Q&A
9
11,017

QUESTION Dear Mr. Old Man! Our company is going to open an LC but the exporter requires the LC to allow T.T.R. Though we have done some business with this exporter at FOB terms, we fear that with this clause the negotiating bank may collude with the exporter to claim reimbursement by swift message before shipment is made. Though the …

Read More

WHERE 1/3 ORIGINAL BILL OF LADING IS SENT TO THE ISSUING BANK

By Mr Old Man
October 14, 2015
in :  Articles, Payment, Q&A
2
1,821

QUESTION Mr. Old Man, We are exporting some goods to Nigeria. Importer Bank is First Bank of Nigeria, confirming bank is Standard Chartered Bank, Mumbai and advising bank is State Bank of India, Nagpur, India. In our LC there is a clause, wherein through our advising bank, we have to submit 2/3 original Shipped on Board OCEAN BILL OF LADING …

Read More

QUESTIONS REGARDING BPO

By Mr Old Man
January 18, 2014
in :  Payment
13
4,604

QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên còn khá mới mẻ tại Việt Nam. Anh có thể chia sẻ với em một chút kiến thức về sản phẩm này không ạ (phương thức giao dịch, …). Em cảm ơn a nhiều ———— ANSWER Hi, Cung cấp cho bạn …

Read More
12Page 1 of 2

About me

Recent Posts

Letter Of Credit Scam In The Form Of MT710

Mr Old Man
16 hours ago

ON BOARD NOTATION

Mr Old Man
1 week ago

ON BOARD NOTATION

Mr Old Man
1 week ago

Mr Old Man
2 weeks ago
  • Popular
  • Recent
  • Comments
  • Tags

UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

Mr Old Man
March 8, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

Mr Old Man
March 6, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

Mr Old Man
March 6, 2010

Letter Of Credit Scam In The Form Of MT710

Mr Old Man
16 hours ago

ON BOARD NOTATION

Mr Old Man
1 week ago

ON BOARD NOTATION

Mr Old Man
1 week ago

Mr Old Man
2 weeks ago

Richard Hugo: Hello, We offer Swift MT760 BG/SBLC, FC MTN, BCL, DTC, KTT, EUROCLEAR, Bank Draf...

ON BOARD NOTATION - Mr. Old Man: […] https://mroldman.net/shipped-on-board-the-pre-carriage-vessel/ [...

Richard Hugo: Hello, We offer Swift MT760 BG/SBLC, FC MTN, BCL, DTC, KTT, EUROCLEAR, Bank Draf...

Paul Harrison: Hello, We Offer SWIFT MT760 (BG/SBLC) MT799 Block Fund, MT103, BANK DRAFT, BCL,...

Disposal of docs Shipping guarantee Tà Lang Court Injunction Documents lost in transit However named Incoterms Partial shipment when-a-bill-of-lading-shows-more-than-one-on-board When-documents-presented-in-a-language-other-than- any chinese port beneficiarys-name expiry-date place-of-expiry red-clause-lc types-of-credit typing-error DP xxx days FCR miscellaneous-questions-3 SUB-ARTICLE 30 (C) - TOLERANCE Revolving LC Unfair Letters of Credit field-72-sender-to-receiver-information-of-mt-103 Negotiation with recourse and negotiation without

Follow Me

Popular posts

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man
October 19, 2015

PAYMENT LC Vs NEGOTIATION LC

Mr Old Man
March 6, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

Mr Old Man
July 31, 2018

TO ORDER BILL OF LADING AND ENDORSEMENT

Mr Old Man
March 6, 2010

Travel

EARLY PRESENTATION

Mr Old Man
September 11, 2017

QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know …

Timeline

  • March 7, 2010

    CONDUCT RULES FOR BLOGS

  • February 19, 2014

    PACKING LETTER OF CREDIT

  • March 3, 2016

    BANKING DAY

  • June 3, 2015

    INSURANCE DOCUMENT ISSUED TO ORDER

  • February 17, 2017

    BILL OF LADING SUBJECT TO CHARTER PARTY NOT ACCEPTABLE

  • October 29, 2018

    “KOREAN – STYLE” CONFIRMED LETTERS OF CREDIT

Top Tags Documents lost in transit when-a-bill-of-lading-shows-more-than-one-on-board beneficiarys-name place-of-expiry expiry-date Incoterms However named Disposal of docs Tà Lang When-documents-presented-in-a-language-other-than- Court Injunction any chinese port field-72-sender-to-receiver-information-of-mt-103 Shipping guarantee Partial shipment
© Copyright 2014 - 2017 | Mr Old Man Theme by ThietKeWebDaNang.Com | All Rights Reserved | Powered by Cuongnq