October 13, 2025
  • Contact

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

  • Home
  • Articles

    Doanh nhân – đâu chỉ có anh mặc veston

    Chuyện thường ngày ở biển

    Mr. Old Man đi xem Tử chiến trên không

    When “Open-Ended” Guarantees Aren’t So Open After All

    Issuance Dates of Documents under UCP 600: What Does Sub-article 14(i) Really Mean?

  • Lifestyle

    Doanh nhân – đâu chỉ có anh mặc veston

    Chuyện thường ngày ở biển

    Mr. Old Man đi xem Tử chiến trên không

    Lời xin lỗi gửi anh Mark

    Sự cố chữ nghĩa: “Cựu người học”

  • Discovery on the cycling road

    TRỞ LẠI ĐƯỜNG BÍCH HỌA HỒ NGUYÊN TRỪNG

    SỬ GIẶC LÀ GÌ?

    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

  • Q&A
  • Popular
3 New Articles
  • 2 hours ago Doanh nhân – đâu chỉ có anh mặc veston
  • 23 hours ago Can the Collecting Bank Release the Documents to the Buyer after Sending Advice of Non-Payment?
  • 2 days ago When “All Originals” Really Means All Originals — Insurance Policies under LC
Home Mr Old Man Payment (page 29)

Payment

TYPES OF LC

By Mr Old Man
February 2, 2024
in :  Mr Old Man, Payment, Q&A
2
1,769

QUESTION Dear Mr. Old Man, This is Rookie Boy, works as an international trader, I want to ask you a question, and hope get your help. Before creating a new LC, the applicant should send a apply letter to the issuing bank, and in the letter, there is the form as follows: Credit Available With advising bank [ ] By …

Read More

QUESTIONS ABOUT D/P AT xx DAYS FROM B/L DATE and CLEAN COLLECTIONS

By Mr Old Man
February 1, 2024
in :  Mr Old Man, Payment, Q&A
0
932

QUESTION Dear Mr. Old Man, I have some questions to ask you: 1) Why do banks reluctantly accept D/P 90 days after B/L date? 2) Why do banks provide clean collections of checks only, and not bills of exchange? Best regards, ————– ANSWER Hi, 1) Why do banks reluctantly accept D/P 90 days after B/L date? According to ICC Opinion …

Read More

WHERE GOODS ARE CONSIGNED TO THE ORDER OF THE COLLECTING BANK

By Mr Old Man
January 23, 2024
in :  Mr Old Man, Payment, Q&A
1
1,933

QUESTION Dear Mr. Old Man, We are the importer’s bank. We are encountering a situation related to a documentary collection transaction as follows: We received from the remitting bank a set of D/P documents including original bills of lading consigned to the order of our bank. We notified the importer of the same. However, the importer refused to take up …

Read More

WHETHER TO SEND DOCUMENTS ON APPROVAL BASIS TO THE ISSUING BANK or THE CONFIRMING BANK?

By Mr Old Man
January 10, 2024
in :  Mr Old Man, Payment, Q&A
0
1,672

QUESTION   Dear Mr. Old Man, We as the second advising bank and the beneficiary’s bank received MT 710 from Bank B (Country B) with the following details: Field 40B (Form of Documentary Credit): IRREVOCABLE ADDING OUR CONFIRMATION Field 52A (Issuing bank): BANK A (in Country A) Field 41A (Available with … by): BANK B BY NEGOTIATION … The beneficiary …

Read More

LIỆU CÓ PHẢI GIAO DỊCH RỬA TIỀN?

By Mr Old Man
December 13, 2023
in :  Mr Old Man, Payment, Q&A
0
1,962

QUESTION Em chào anh, Liên quan đến Rửa tiền, em kính nhờ anh giúp em một case mà em chưa có cơ sở từ chối. Khách hàng bên em nhập khẩu than. Tuy nhiên, hợp đồng qui định phải ứng trước tiền khoảng 20-50%, và khoản ứng trước này phải được thanh toán bằng LC dựa trên hoá đơn và …

Read More

WHERE THE DOCUMENTS WERE DESTROYED

By Mr Old Man
December 12, 2023
in :  Mr Old Man, Payment, Q&A
0
1,620

QUESTION Dear Mr. Old Man, I have a question for you. Let’s assume that the nominated bank received a presentation from the beneficiary and determined that the documents were complying with the terms and conditions of the LC. However, the documents were destroyed by accident while waiting for DHL to pick up. Can the nominated bank claim reimbursement from the …

Read More

NEGOTIATION WITH RECOURSE AND NEGOTIATION WITHOUT RECOURSE

By Mr Old Man
December 10, 2023
in :  Mr Old Man, Payment, Q&A
0
1,031

QUESTION Kính gửi Mr. Old Man: Tôi muốn biết Lãi suất và Phí, Tỷ lệ và Thời hạn chiết khấu hố phiếu/chứng từ xuất trình kèm theo theo LC và  chứng từ nhờ thu theo 2 hình thức CÓ TRUY ĐÒI VÀ MIỄN TRUY ĐÒI thông thường có khác nhau không và lý do dẫn đến sự khác nhau đó. …

Read More

WHETHER THE ON BOARD NOTATION MUST ALWAYS INDICATE THE NAME OF THE VESSEL AND THE PORT OF LADING

By Mr Old Man
December 6, 2023
in :  Mr Old Man, Payment, Q&A
0
2,836

 QUESTION Dear Mr.  Old Man, The following LC clause: 44E: Any Australia port 44F: Laem Chabang/Bangkok port Thailand 44B: Bangkok, Thailand 46A: Full set ocean BL consigned to order blank endorsed, marked freight prepaid. If multimodal BL is presented, the on board notation needs to indicate the port of loading and name of the vessel. The BL presented indicates: Pre-carriage …

Read More

WHERE THE DOCUMENTS ARE PRESENTED UNDER THE EXPIRED LC

By Mr Old Man
December 5, 2023
in :  Mr Old Man, Payment, Q&A
3
1,686

QUESTION Hello Mr.Old Man: Here is my case. I hope you have time to review and share with me your opinion. The beneficiary presented the documents to the confirming bank after expiry of the LC, the confirming bank sent the presenting bank a swift refusing to honour or negotiate the documents stating the following discrepancies: LC expired. Late remittance And asked …

Read More

WHETHER THE BENEFICIARY CAN NEGOTIATE THE DOCUMENTS WITH THE 1ST ADVISING BANK

By Mr Old Man
December 2, 2023
in :  Mr Old Man, Payment, Q&A
2
1,237

QUESTION Hi Sir, Can the 1st advising bank contact the beneficiary and negotiate documents directly even there is a 2nd advising bank indicated in the LC? Regards, DC ———– ANSWER Hi, Where the L/C is available with any bank by negotiation, the beneficiary may present the documents to any bank including the first advising bank for negotiation, that is to …

Read More
1...282930...32Page 29 of 32

About me

Recent Posts

Doanh nhân – đâu chỉ có anh mặc veston

Mr Old Man
2 hours ago

Can the Collecting Bank Release the Documents to the Buyer after Sending Advice of Non-Payment?

Mr Old Man
23 hours ago

When “All Originals” Really Means All Originals — Insurance Policies under LC

Mr Old Man
2 days ago

When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?

Mr Old Man
3 days 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

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

Doanh nhân – đâu chỉ có anh mặc veston

Mr Old Man
2 hours ago

Can the Collecting Bank Release the Documents to the Buyer after Sending Advice of Non-Payment?

Mr Old Man
23 hours ago

When “All Originals” Really Means All Originals — Insurance Policies under LC

Mr Old Man
2 days ago

When the LC beneficiary is a “sister company” in Singapore: How can Bank V remain the presenting bank?

Mr Old Man
3 days ago

Mr Old Man: Dear Kathryn, Thank you for your interesting question. First, banks do not conce...

Kathryn: Dear Mr. Old Man, May I seek your opinion on the following scenario? If goods ar...

Bill: And know your customer....

Mr Old Man: Thank you so much for your kind words. Rup...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit Amendment On board notation SBLC non-documentary conditions CPBL Court Injunction DRAFTS Late presentation Surrendered bill of lading any chinese port expiry-date lc-expired place-of-expiry lc-availability Revolving LC Where the applicant goes bankrupt Where 1/3 BL is to be sent directly to the issuing Insurance document Disposal of docs invoice beneficiarys-name Tà Lang

Follow Me

Popular posts

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man
October 19, 2015

UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

Mr Old Man
July 31, 2018

LC CONFIRMED BY THE FIRST ADVISING BANK

Mr Old Man
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 8, 2024

    BUSAN KOREA AND BUSAN SOUTH KOREA

  • October 21, 2015

    QUESTIONS REGARDING SIGNATURE, NUMBER OF ORIGINALS, GEOGRAPHICAL AREA

  • March 7, 2010

    ANOTHER QUERY on ON BOARD NOTATION

  • May 18, 2012

    IS HONG KONG A PORT OF CHINA?

  • August 5, 2018

    TRAO ĐỔI MỘT SỐ VẤN ĐỀ LIÊN QUAN ĐẾN HỐI PHIẾU TRONG L/C

  • March 7, 2010

    BRINGING A LAWSUIT IS NOT ALWAYS A GOOD SOLUTION

Top Tags Amendment CPBL non-documentary conditions Monkey Mountain Challenge 2025 beneficiarys-name negotiation Documents lost in transit DRAFTS Surrendered bill of lading any chinese port On board notation SBLC Late presentation expiry-date Court Injunction
© Copyright 2014 - 2017 | Mr Old Man Theme by ThietKeWebDaNang.Com | All Rights Reserved | Powered by Cuongnq