(Dựa trên một vụ gian lận có thật: chỉ vì email bị hack mà tiền đã chảy vào tay kẻ lừa đảo.) Cách đây hai năm, một người bạn của Mr. Old Man – luật sư nội bộ của một ngân hàng Hàn Quốc (xin gọi là Ngân hàng K) – gửi email nhờ Mr. Old Man giới thiệu một …

Có một điều Mr. Old Man muốn thú thật với bạn đọc. Có những hôm mở email ra, thấy một bạn gửi một lúc… 5 câu hỏi dài thượt. Đọc xong, Mr. Old Man chỉ muốn đứng dậy pha một ly cà phê rồi mới mở lại. Có bạn hỏi một câu. Có bạn hỏi ba câu. Có bạn hỏi …

A reader raised an interesting follow-up question after my previous Q&A on contact names and addresses in letters of credit. If a document shows an address or contact name that differs from the credit, can it simply be regarded as additional information? Or does it become conflicting data that gives rise to a discrepancy? The distinction is subtle but important. …

Intro Letters of credit occasionally state the unit price as USC per KG rather than USD per KG, which can cause confusion. Here’s what it means. Question Dear Mr. Old Man, I hope this email finds you well. I came across the following scenario today. Field 45A of the LC describes the goods as Wool, and the unit price is …

It is not uncommon for an L/C to include the name of a contact person or an authorized representative as part of the beneficiary’s or applicant’s address. But does the omission of that name on documents such as an inspection certificate or certificate of origin create a discrepancy? The answer depends on both the type of document involved and the …

A reader recently asked whether a confirming bank typically requires an issuing bank to incorporate protective clauses into a documentary credit before agreeing to add its confirmation. The question focused on clauses relating to sanctions compliance, force majeure, fraud or illegality, and country and transfer risk. This is an interesting practical question because, in international banking practice, confirming banks generally …

Banks occasionally issue letters of credit that exclude one or more provisions of UCP 600. However, merely excluding an article without explaining the intended consequence may create uncertainty for beneficiaries and banks handling the credit. The following question examines the effect of excluding articles 7(c) and 12(b) of UCP 600. Question Dear Mr. Old Man, An L/C contains the following …

A reader asked whether an Air Waybill (AWB) can be presented under a documentary credit where the goods move by air to the destination airport and then by truck to the applicant’s warehouse under DDP terms. The question raises an interesting distinction between what UCP 600 permits from a document examination perspective and what is normally achievable in practice. Question …

UCP 600 sub-article 12(c) makes it clear that the receipt, examination and forwarding of documents by a nominated bank do not constitute honour or negotiation. However, this raises an interesting question: if a nominated bank merely examines and forwards documents to the issuing bank without honouring or negotiating, is it still acting on its nomination? Pieter Muus raised this issue …

Một bạn đọc gửi câu hỏi về quy trình xử lý khi một Domestic L/C có sự tham gia của ngân hàng thông báo, ngân hàng được chỉ định và ngân hàng xác nhận. Đây là tình huống khá thú vị, nhưng cũng cho thấy sự khác biệt giữa lý thuyết và thực tế vận hành. Question Em chào anh …