Contact Nguyen Huu Duc, also known as Mr. Old Man, has joined JSC Bank for Foreign Trade of Vietnam (Vietcombank) since 1991 and has been involved in trade finance for nearly 30 years. In addition to his work as a Deputy Director of Vietcombank Da Nang Branch, Nguyen is a trainer at Vietcombank Training Centre and speaker at seminars and workshops on issues and topics relating to trade finance operations. Nguyen is a frequent writer for banking and financial magazines in Vietnam such as Banking Review (State Bank of Vietnam), Financial and Monetary Market Review (Vietnam Banks Association), Vietcombank Newsletter …. His website www.mroldman.net “MR. OLD MAN – For those who eat, sleep and breathe Letters of Credit” includes articles and case studies about trade finance, letters of credit, collections, bank guarantees… It also includes pieces of writings and photos of the places he has cycled. He can be contacted at [email protected] Contact infoContact info NGUYEN HUU DUC 142 Le Loi Street, Da Nang, Vietnam Email: [email protected] Web: www.mroldman.net
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?
IS THE NOMINATED BANK REQUIRED TO VERIFY WHETHER THE BENEFICIARY HAS AUTHORIZED THE PRESENTING BANK TO PRESENT THE DOCUMENTS?
CAN THE ISUING BANK CITE “LATE PRESENTATION” AS A DISCREPANCY SOLELY BASED ON THE DATE OF THE COVER LETTER?