June 12, 2025
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    A VISIT TO GRANNY NAM’S STEAMED JACKFRUIT STALL – A TASTE OF HOMETOWN MEMORIES

    HOW TO BUILD A CONSISTENT MORNING CYCLING HABIT

    Escaping Tet in Tay Giang

    THE NEVER-ENDING 100 KM

    Pedaling to Hói Dừa Parish – and a Little Dip in the Wild

  • Discovery on the cycling road

    A VISIT TO GRANNY NAM’S STEAMED JACKFRUIT STALL – A TASTE OF HOMETOWN MEMORIES

    HOW TO BUILD A CONSISTENT MORNING CYCLING HABIT

    Escaping Tet in Tay Giang

    THE NEVER-ENDING 100 KM

    Pedaling to Hói Dừa Parish – and a Little Dip in the Wild

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3 New Articles
  • 2 days ago A VISIT TO GRANNY NAM’S STEAMED JACKFRUIT STALL – A TASTE OF HOMETOWN MEMORIES
  • 3 days ago Does a Bill of Lading Have to Show Trade Terms like CIF?
  • 3 days ago HOW TO BUILD A CONSISTENT MORNING CYCLING HABIT
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Q&A

Does a Bill of Lading Have to Show Trade Terms like CIF?

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
20

QUESTION  Dear Sir I have one small doubt about Description of Goods in BL. The L/C shows Description of Goods as below. +MEDICAL EQUIPMENTS MODEL: CX200NFJ +AS PER P/I NO. 565221 DATED 15-12-2024 H.S CODE 9004100 +CIF ALEXANDRIA SEAPORT, EGYPT +INCOTERMS 2020 The Liner has come back to us stating that they cannot mention “CIF ALEXANDRIA SEAPORT, EGYPT  INCOTERMS 2020” …

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Back – to – Back LCs and CAD: Clearing the fog for Traders

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
22

 QUESTION Dear Mr. Old Man, I hope you are doing well. I seek your insights on two points: Regarding back-to-back Letters of Credit, I’ve understood that banks typically require collateral beyond the master LC itself, as it might not be a sufficient guarantee. However, reputable banks like UOB, DBS, and BCP Bank (Mauritius) state on their websites that the master LC can indeed …

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Italy, Drafts, and Stamp Duty: Why Confirming Banks Prefer ‘Available by Payment’ in LCs

By Mr Old Man
6 days ago
in :  Mr Old Man, Payment, Q&A
0
20

 QUESTION  Dear Mr. Old Man, I have a scenario that I’d appreciate your thoughts on: The issuing bank is located in Singapore. The advising/confirming bank is in Trieste, Italy. In the original LC, Field 31D (Date and Place of Expiry) is: 18 June 2025 – Singapore. Field 41A (Available With… By) is: Available with the confirming bank by NEGOTIATION. The …

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Compliance of Multi-Endorsed BL with LC Terms

By Mr Old Man
7 days ago
in :  Mr Old Man, Payment, Q&A
0
14

QUESTION Dear Mr. Old Man, I have a question that needs your help. An LC issued by AGRIBANK requires the bill of lading to be “made out to order of AGRIBANK.” However, the presented bill of lading is made out to the order of BNP Paribas (Suisse) SA, and is endorsed in succession as follows: • BNP Paribas (Suisse) SA …

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MEMO: Handling of Drafts and Documents under LC with Draft Drawn on Nominated Bank

By Mr Old Man
1 week ago
in :  Articles, Mr Old Man, Payment, Q&A
0
46

Subject: LC issued by K. BANK – Refusal to Confirm and Subsequent Presentation From: Mr. Old Man Date: 4 June 2025 Background Bank N received a letter of credit (LC) from K. BANK with the following terms: 41A: Available With Bank N By Negotiation 42A: Drawee: Bank N 42C: Draft: At Sight 47A: T/T Reimbursement is Not Allowed 49: Confirmation …

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CAN AN ASSIGNEE CONTROL LC AMENDMENTS? A LOOK AT ARICLE 39 OF UCP 600

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
11

QUESTION Dear my expert friend “Old Man”, I have the following question: A beneficiary received a confirmed Letter of Credit issued by Bank A. The beneficiary assigned the proceeds to Bank B and subsequently requested Bank B to issue another Letter of Credit.   Is Bank B entitled to require the beneficiary to waive their right to accept or reject …

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Silent Confirmation Charges: Applicant or Beneficiary?

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
13

QUESTION Dear Old Man, Please guide: Scenario: – LC issued MT-700 by MCBLMUMUXXX MAURITIUS – LC received and transmitted by BOMLAEADFTC UAE to BAFL-India via MT-710 – LC requested and confirmed by BOMLAEADFTC UAE – All charges outside (ALL LOCAL AND FOREIGN WHETHER WITHIN OR OUTSIDE IS ACCOUNT OF APPLICANT) – Available by BOMLAEADFTC UAE Payment – 1st confirming bank: …

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UNDERSTANDING THE 21 – DAY PRESENTATION RULE UNDER UCP 600

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
52

QUESTION Hi Mr. Old Man, I have a few questions I’d like to ask: As I understand it, the expiry date = latest shipment date + period for presentation, which is typically 21 days. In the example I mentioned, the expiry date is 30 days, and the credit does not specify a presentation period. My first question: for the bill …

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Does “Any Chinese Port” Include Hong Kong and Taipei?

By Mr Old Man
2 weeks ago
in :  Mr Old Man, Payment, Q&A
0
25

This Q&A is a continuation of the Q&A regarding Hong Kong being a Chinese port ⸻ QUESTION Dear Mr. Old Man, I’ve heard that if an L/C stipulates the port of loading as “Any port in China” or “Any Chinese port,” then a bill of lading showing Hong Kong as the port of loading is acceptable. Could you confirm if …

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DOES “ANY CHINESE PORT” IN LC INCLUDE HONG KONG?

By Mr Old Man
2 weeks ago
in :  Mr Old Man, Payment, Q&A
0
16

QUESTION Dear Mr. Old Man, Your opinion on the following matter would be much appreciated: An LC specifies the following conditions: Port of loading : Any Chinese port Delivery terms: FOB any Chinese port However, the documents presented show: Bill of Lading: Shipped on board at Hong Kong Commercial Invoice: Delivery terms stated as FOB Hong Kong I understand that …

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Recent Posts

A VISIT TO GRANNY NAM’S STEAMED JACKFRUIT STALL – A TASTE OF HOMETOWN MEMORIES

Mr Old Man
2 days ago

Does a Bill of Lading Have to Show Trade Terms like CIF?

Mr Old Man
3 days ago

HOW TO BUILD A CONSISTENT MORNING CYCLING HABIT

Mr Old Man
3 days ago

Back – to – Back LCs and CAD: Clearing the fog for Traders

Mr Old Man
4 days ago
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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

A VISIT TO GRANNY NAM’S STEAMED JACKFRUIT STALL – A TASTE OF HOMETOWN MEMORIES

Mr Old Man
2 days ago

Does a Bill of Lading Have to Show Trade Terms like CIF?

Mr Old Man
3 days ago

HOW TO BUILD A CONSISTENT MORNING CYCLING HABIT

Mr Old Man
3 days ago

Back – to – Back LCs and CAD: Clearing the fog for Traders

Mr Old Man
4 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 On board notation non-documentary conditions Amendment lc-expired expiry-date 24 hour charity cycling event beneficiarys-name lc-availability any chinese port place-of-expiry Late presentation without delay notify party Disposal of docs Hoa Bac Drafts under confirmed LC Tà Lang transferred LC Court Injunction Shipping guarantee Hai Dang Tien Sa

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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October 19, 2015

UCP 600 ARTICLES 30 AND 31

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LC CONFIRMED BY THE FIRST ADVISING BANK

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Travel

EARLY PRESENTATION

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

Timeline

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  • May 6, 2025

    NOTIFY PARTY ON BILL OF LADING

  • September 14, 2022

    NHỮNG HÌNH ẢNH ĐI XE ĐẠP THÚ VỊ Ở AMSTERDAM

  • December 13, 2023

    LIỆU CÓ PHẢI GIAO DỊCH RỬA TIỀN?

  • February 4, 2021

    WHETHER AN SBLC CAN BE ADVISED TO THE BENEFICIARY IN CARE OF ANOTHER COMPANY

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