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By Mr Old Man

Posted on February 12, 2016

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D/P AT XXX DAYS AFTER BL DATE

QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (D…

January 22, 2014
4 min read
QUESTIONS REGARDING BPO

QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên…

January 18, 2014
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NEGOTIATION WITH OR WITHOUT RECOURSE

QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clar…

December 30, 2013
4 min read
WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

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December 13, 2013
10 min read
WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

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December 5, 2013
1 min read
WHY IS FIELD 46A OPTIONAL?

…

December 3, 2013
1 min read
WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

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November 30, 2013
3 min read
DOCUMENTS ARE TO BE PRESENTED WITHIN XX DAYS FROM/AFTER SHIPMENT DATE

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November 29, 2013
4 min read
CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

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November 27, 2013
4 min read
REIMBURSEMENT CLAIM

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November 26, 2013
6 min read
INSURANCE DOCUMENT ISSUED TO ORDER OF THE ISSUING BANK

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November 22, 2013
2 min read
CHANGING PAYMENT TERMS OF THE LC

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – I…

November 18, 2013
4 min read
AMOUNT OF COVER

QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fab…

November 13, 2013
3 min read
LC WITH SPECIAL PAYMENT CONDITION

QUESTION Our company is specialized in importing P-phones. Our policy is that the quality,…

November 7, 2013
3 min read
ABBREVIATIONS

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November 7, 2013
2 min read
TOLERANCE APPLICABLE AGAINST INDIVIDUAL QUANTITIES

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November 5, 2013
1 min read
LC IS TRANSFERABLE

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October 30, 2013
1 min read
ANOTHER CASE OF ASSIGNMENT OF PROCEEDS

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October 24, 2013
4 min read
AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

QUESTION LC states: – Special condition: Documents showing anycorrections without au…

October 19, 2013
6 min read
DOMESTIC LC

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October 17, 2013
6 min read
WHY AVAILABLE BY PAYMENT INSTEAD OF AVAILABLE BY NEGOTIATION?

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October 11, 2013
4 min read
ASSIGNMENT IN FAVOUR OF THE NOMINATED BANK

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October 5, 2013
11 min read
INVOICE NOT ISSUED BY THE BENEFICIARY

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October 2, 2013
3 min read
ADDRESS OF THE BENEFICIARY

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September 23, 2013
2 min read
CERTIFICATE OF ORIGIN INDICATING A QUANTITY GREATER THAN THAT STATED IN THE CREDIT

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September 17, 2013
2 min read
LC CONFIRMED BY THE FIRST ADVISING BANK

QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a questio…

September 15, 2013
2 min read
A FULL SET OF BILLS OF LADING MEANS A FULL SET OF ORIGINAL BILLS OF LADING

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September 14, 2013
2 min read
THE NAME OF THE COUNTRY NEED NOT BE STATED

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September 11, 2013
1 min read
CARGO TO BE RELEASED WITH MORE THAN ONE BILL OF LADING TO BE SURRENDERED

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September 10, 2013
3 min read
COUNTER GUARANTEE

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September 9, 2013
14 min read
STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

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September 7, 2013
2 min read
CORRECTION AND ALTERATION

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September 7, 2013
4 min read
A CERTIFICATE MUST BE ISSUED BY THE ENTITY STATED IN THE CREDIT

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August 29, 2013
4 min read
DOCUMENTS PRESENTED DIRECTLY TO THE ISSUING BANK

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August 23, 2013
3 min read
BL AND BL RIDER SIGNED WITH DIFFERENT SIGNATURES

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August 15, 2013
6 min read
NEED THE NAME OF THE COUNTRY BE STATED?

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August 15, 2013
1 min read
CAD

QUESTION Dear Mr. Old Man, Mr. Old Man cho em hỏi nghiệp vụ CAD xuất khẩu và nhập khẩu đượ…

August 6, 2013
12 min read
HOW TO DETERMINE THE PRESENTATION PERIOD WHEN MULTIPLE SETS OF BILLS OF LADING ARE PRESENTED

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July 31, 2013
6 min read
WHERE ORIGINAL BILLS OF LADING ARE NOT REQUIRED TO BE PRESENTED

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July 26, 2013
5 min read
SHIPPED ON BOARD THE PRE-CARRIAGE VESSEL

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July 25, 2013
4 min read
PLACE OF AVAILABILITY VS PLACE OF EXPIRY

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July 20, 2013
2 min read
PLACE OF PRESENTATION

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July 15, 2013
3 min read
WHEN LC REQUIRES PRESENTATION OF LESS THAN A FULL SET OF ORIGINAL BILLS OF LADING

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July 9, 2013
2 min read
EXPRESS BILL OF LADING

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July 8, 2013
3 min read
WHERE DOCUMENTS UNDER D/P ARE NOT PAID

QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller sign…

June 25, 2013
5 min read
WHERE THE BL DATE IS REFERRED TO AS THE DATE OF ISSUANCE

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June 21, 2013
4 min read
WHETHER SUB-ARTICLE 14 (c) IS APPLICABLE

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June 21, 2013
2 min read
BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable?…

June 15, 2013
3 min read
WHEN A BILL OF LADING MUST INDICATE ACTUAL PORT OF DISCHARGE

QUESTION Dear Sir, My letter of credit (LC) specifies the Port of Discharge as “BAHRAIN IN…

13 hours ago
2 min read
POTENTIAL FRAUD IN SCRAP METAL TRADE: A RISKY DEAL?

QUESTION Dear Mr. Old Man, My name is Th., and I am currently living and working in Ho Chi…

1 day ago
7 min read
INVOICE NOT CERTIFYING WHAT HAS NOT BEEN SHIPPED

QUESTION Dear Sir, LC allows both AIR and SEA shipment. Amount: USD 100,000 Shipment by AI…

2 days ago
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WHEN A BILL OF LADING MUST INDICATE ACTUAL PORT OF DISCHARGE

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INVOICE NOT CERTIFYING WHAT HAS NOT BEEN SHIPPED

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