WHETHER THE TRANSFERRING BANK CAN REFUSE THE DISCREPANT DOCUMENTS PRESENTED BY THE SECOND BENEFICIARY QUESTION Dear Mr. Old Man, Em hiện đang là sinh viên và em có một số thắc mắc về L/C chuyển nhượng, mặc dù đã tìm hiểu nhiều nguồn tài liệu nhưng vẫn không tìm thấy câu trả lời thích đáng. Em có biết qua Blog Mr. Old Man và thấy được thầy có rất nhiều câu trả lời hay, … Read More
HƯỚNG DẪN CỦA ICC VỀ TÁC ĐỘNG CỦA COVID – 19 ĐỐI VỚI CÁC GIAO DỊCH TÀI TRỢ THƯƠNG MẠI TUÂN THỦ CÁC QUY TẮC ICC – Photo by Euromoney Dịch virus corona chủng mới (COVID – 19) đang lan rộng toàn cầu khiến hàng triệu người mắc bệnh và hàng trăm ngàn người tử vong. Sự lây lan của COVID – 19 là một cuộc khủng hoảng y tế tác động đến nền kinh tế toàn cầu; hoạt động sản xuất kinh doanh, xuất nhập … Read More
LẠI NHỚ CUNG ĐƯỜNG GIẾNG TRỜI VỪA ĐI VỪA KHÓC Chỉ cách Đà Nẵng 35 km về phía Tây Bắc khu bảo tồn Bà Nà – Núi Chúa, Giếng Trời cho đến nay vẫn giữ nguyên vẻ đẹp hoang sơ của nó. Cách đây 4 năm, Mr. Old Man từng hai lần đạp xe khám phá Giếng Trời cùng với những người bạn. Đó là những chuyến đạp leo núi … Read More
WHERE LC REQUIRES PRESENTATION OF FCR INSTEAD OF BL QUESTION Dear Mr Old Man, May I ask some questions about the risks of “requiring documents relating to the transportation of goods in L/C operation” as follows: 1. When opening L/C, why do banks usually discourage applicant from requiring the documents such as FCR, Mate’s Receipt, Delivery Note… instead of Bill of Lading? What are the risks here? I have … Read More
NOTIFY PARTY QUESTION Dear Mr Old Man, Have a good day! I have one question and need your answer. Is it possible in the BL to mention the notify party a party other than applicant like shipping company’s name? Please advise your opinion. Thanks & Regards, Ziyad —– ANSWER Hi, It is possible for a bill of lading to indicate the details … Read More
A Trip to the Lost Village Hoa Van was ever the village of the lepers who lived isolated from the outside world although their leprosy was healed long long time ago. The village could only be accessed by boat or by a trail through the forest. In 2012 the village was moved into the mainland ending its nearly 50-year existence. It is planned that a luxury … Read More
WHETHER THE BENEFICIARY CAN NEGOTIATE THE DOCUMENTS WITH THE 1ST ADVISING BANK QUESTION Hi Sir, Can 1st advising bank contact the beneficiary and negotiate documents directly even there is a 2nd advising bank indicated in the LC? Regards, dotcom ———– 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. Where the L/C is … Read More
UCP 600 OR URC 522 QUESTION Dear Mr. Old Man, I have a question needing your help. We issued L/C No. xxx 123 in favour of Beneficiary B. The L/C was subject to UCP 600, but the documents were sent to us for collection. The covering schedule showed the following information: QUOTE We enclose the following documents for collection subject to the Uniform Rules for … Read More
WHERE LC REQUIRES PRESENTATION OF A DOCUMENT TO BE ISSUED BY APPLICANT A Co Tu ethnic woman in Tay Giang – a mountainous district of Quang Nam, Vietnam QUESTION Dear Mr. Old Man, I have some stuff about an LC case that really needs your advice as follows: My customer is an importer and the goods in this case is an acetylene-producing machine. My customer wants to ensure that they only make … Read More
WHERE A BILL OF LADING INDICATES TWO DIFFERENT AGENTS Hunting gold in Nevada QUESTION Hi Mr. Old Man, I am checking a bill of lading. The on board notation is signed and indicates as follows: Shipped on board Argo 26-Sep-2016 CMA CGM AND ANL AGENCIES (NZ) LTD As Agents for the Carrier The bill of lading is signed and indicates as follows: Signed for the carrier ANL Singapore Pte Ltd … Read More