July 14, 2025
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    A Note of Thanks – And a Little Update from Mr. Old Man

    When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

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    A Note of Thanks – And a Little Update from Mr. Old Man

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

  • Discovery on the cycling road

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

    Profile Update: Mr. Old Man’s World – Where Trade Finance Meets Adventure

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3 New Articles
  • 4 hours ago Understanding the Place of Presentation in LCs
  • 2 days ago Freight over FOB? No Worries, My Friend!
  • 3 days ago A Note of Thanks – And a Little Update from Mr. Old Man
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Understanding the Place of Presentation in LCs

By Mr Old Man
4 hours ago
in :  Mr Old Man, Payment, Q&A
0
8

QUESTION Hi Mr. Old Man, I often see the place of presentation stated as the beneficiary’s country or city. But in some LCs, can the place of presentation be fixed as the importer’s city — for example, when the LC is available with the issuing bank? Thanks and regards, Hemant _____________ ANSWER Hi Hemant, It depends on the type of …

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Freight over FOB? No Worries, My Friend!

By Mr Old Man
2 days ago
in :  Mr Old Man, Payment, Q&A
0
9

QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would be appropriate to raise a discrepancy for the export documents. I have a further question: Is it possible for the freight amount under a CFR Incoterm to …

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A Note of Thanks – And a Little Update from Mr. Old Man

By Mr Old Man
3 days ago
in :  Articles, Lifestyle, Mr Old Man, Payment, Q&A
0
13

A Note of Thanks – And a Little Update from Mr. Old Man Dear friends, Despite the growing number of resources and the rise of tools like ChatGPT, I’m deeply touched that so many of you—both in Vietnam and around the world—still trust me with your questions about international payments and trade finance. Thank you sincerely for your continued confidence. …

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Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
37

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can …

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A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
19

QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the …

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Unpacking a New LC Payment Practice: MT103 at Port of Loading?

By Mr Old Man
5 days ago
in :  Mr Old Man, Payment, Q&A
0
109

QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, …

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Red Flags in a Copper Deal Under CIF Terms

By Mr Old Man
6 days ago
in :  Mr Old Man, Payment, Q&A
0
49

QUESTION  Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding …

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Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

By Mr Old Man
6 days ago
in :  Mr Old Man, Payment, Q&A
0
16

QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued …

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Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
16

QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025.  The usance period is 60 days from  the T/R date. Currently the due date for the …

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THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
22

 QUESTION  Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are …

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Recent Posts

Understanding the Place of Presentation in LCs

Mr Old Man
4 hours ago

Freight over FOB? No Worries, My Friend!

Mr Old Man
2 days ago

A Note of Thanks – And a Little Update from Mr. Old Man

Mr Old Man
3 days ago

When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?

Mr Old Man
3 days ago
  • Popular
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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

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

Mr Old Man
March 6, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

Mr Old Man
March 6, 2010

Understanding the Place of Presentation in LCs

Mr Old Man
4 hours ago

Freight over FOB? No Worries, My Friend!

Mr Old Man
2 days ago

A Note of Thanks – And a Little Update from Mr. Old Man

Mr Old Man
3 days ago

When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable?

Mr Old Man
3 days ago

Lica Mauer: In reply to Lucky comment: there is a clear omission of terms and conditions eit...

Vo Ngoc Vinh: great experience, i enjoyed it...

Mr Old Man: Hi, I am not sure I understand your question correctly. According to sub-article...

Iqbal Moolla: Dear Mr. Old Man, I trust you are well. If there is a Deferred Payment LC for 90...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit SBLC non-documentary conditions On board notation Amendment expiry-date place-of-expiry notify party Late presentation beneficiarys-name NUMBER OF ORIGINALS Hai Dang Tien Sa Insurance document transferred LC without delay CPBL Drafts under confirmed LC lc-availability 24 hour charity cycling event confirmation Tà Lang Disposal of docs lc-expired

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man
October 19, 2015

UCP 600 ARTICLES 30 AND 31

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March 16, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

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July 31, 2018

LC CONFIRMED BY THE FIRST ADVISING BANK

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September 15, 2013

Travel

EARLY PRESENTATION

Mr Old Man
September 11, 2017

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

Timeline

  • July 26, 2023

    Biển

  • March 16, 2010

    UCP 600 ARTICLES 30 AND 31

  • November 7, 2013

    ABBREVIATIONS

  • March 16, 2010

    TOLERANCE and AVAILABILITY VERSUS PLACE OF EXPIRY

  • March 16, 2010

    SUPERIMPOSED STAMP ON BL

  • March 16, 2010

    SILENT CONFIRMATION AND STAND BY L/C.

Top Tags Hai Dang Tien Sa expiry-date notify party Amendment negotiation On board notation Disposal of docs SBLC beneficiarys-name NUMBER OF ORIGINALS non-documentary conditions Documents lost in transit Late presentation place-of-expiry Monkey Mountain Challenge 2025
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