QUESTION Dear Mr. Old Man, I will appreciate your comment on the following: LC requires: Insurance certificate to order and blank endorsed. Presented insurance certificate shows the assured party as “To Order” without endorsement. Let me know whether such an insurance certificate is acceptable. Thank you in advance. TPG ——- ANSWER Hi, According to ICC Opinion TA688rev, insurance documents should …

Father and Daughter QUESTION Dear Mr. Old Man, I read ISBP 745 and feel confused with some articles.  Please help me to clarify them: Paragraph D18 (a) say: “When a credit stipulates the details of one or more parties, a multimodal transport document may also indicate the details of one or more additional notify parties”. What if  the credit stipulate …

Cows grazing. I took this photo along the road I rode to Ta Lang – a village of Co Tu ethnic people in Vietnam QUESTION Hi Mr. Old Man, We’ve received D/A documents at 30 days sight. How to calculate the due date in this case? 30 days from the document arrival date or 30 days from the drawee’s acceptance …

A motor boat is heading up Cu De river. QUESTION Dear Mr. Old Man, L/C requires: HEALTH CERTIFICATE(S) ISSUED BY GOVERNMENTAL AUTHORITY, INDICATING: (A) THE FISHMEAL WAS PRODUCED IN A PROCESSING PLANT DEDICATED ONLY TO FISHMEAL PRODUCTION WHERE NO MATERIAL OF ANIMAL ORIGIN OTHER THAN FISH AND SEA FISH PROTEIN IS BEING USED; (B)THE FISH MEAL WAS TRANSPORTED IN MANNER …

I’ll ride here again tomorrow morning!  QUESTION Dear Mr. Old Man, May I ask for your comment of the following query: L/C states: 45A Description of Goods THREE ELEVATORS HS 84.28.10.20 , KRONE MONOSPACE 500 AS PER P.I. NO. 1234 DATED 07/07/2014 TRADE TERM: FOB 46A Documents required: + SIGNED COMMERCIAL INVOICE IN 4 COPIES SPECIFYING COST OF GOODS … Invoice …

QUESTION Hi Mr. Old Man. Please  answer my question: Date of Issue of B/L is 02-12-2014 and Shipped on Board date is 29-11-2014. So, the B/L date indicated in other documents is 02-12-2014 or 29-11-2014? Thank you —————– ANSWER Hi, Here’s my quick answer: Majority vote for 02-12-2014. Shipped on Board date 29-11-2014 is regarded as Bill of Lading  date …

QUESTION Dear Mr. Old Man, I have a case  regarding importing country in Certificate of Origin as follows. LC states: – Applicant:     FROXA SA. AVDA.EL CHOPO… SPAIN – Port of discharge: LEIXOES PORT, PORTUGAL Certificate of Origin Form A presented shows importing country as PORTUGAL instead of SPAIN. Can we raise the discrepancy “Certificate of Origin showing PORTUGAL stead …

QUESTION Dear Mr. Old Man, We issued L/C and refer “This credit is subject to the UCP600.DC.2007. Revision ICC AND ISBP 745 2013 ICC or the latest version”. And Advising Bank send message “ WE REFER TO THE CAPTIONED DOCUMENTARY CREDIT WHICH INCLUDES REFERENCE TO THE INTERNATIONAL STANDARD BANKING PRACTICE (ISBP) AND INFORM YOU THAT WE ARE NOT BOUND BY …

QUESTION Many guarantee formats still refer to URDG 458 , customer banks are afraid to change to URDG 758 to avoid refusal of their guarantees.. 1. Is URDG 458 still in use? 2. Can we get a brief compression between URDG 458 & URDG 758? ——- ANSWER Hi, According to Article 1 (d) URDG 758, where a demand guarantee or …

My bikes QUESTION We have received a switch BL and the shipper signed as agent for and on behalf of the master with name of master & vessel indicated. Please advise if it is considered discrepancy due to shipper signing as agent? —————– ANSWER Hi, The UCP does not prohibit a party from playing a dual role:  (i) acting as …