June 19, 2026
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Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

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    Cái cây ma ám

    Thảo mai nghĩa là gì?

    ĐÀO LỬA QUỐC TẾ

    Steve Jobs, Stevie Wonder, Lionel Richie…???

    Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

  • Lifestyle

    Cái cây ma ám

    Thảo mai nghĩa là gì?

    Steve Jobs, Stevie Wonder, Lionel Richie…???

    Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

    Cafedo – Văn hóa cà rà mới phê

  • Discovery on the cycling road

    Cái cây ma ám

    Tiếc cho chợ Nồi Rang, tiếc cho Hội An – Vẫn còn tiếc

    Nhớ Hòa Bắc…

    Lại gặp cụ khách hàng năm xửa năm xưa

    ĐÀN ÔNG VÀ PHỤ NỮ AI MẠNH HƠN?

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3 New Articles
  • 11 hours ago Cái cây ma ám
  • 13 hours ago Does a Transferred LC Have to Carry the Confirmation of the Original LC?
  • 1 day ago Thảo mai nghĩa là gì?

For those who eat, sleep and breathe Letters of Credit

  • Mr Old Man Q&A

    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…

  • Payment

    QUESTIONS REGARDING BPO

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

  • Payment Q&A

    NEGOTIATION WITH OR WITHOUT RECOURSE

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

  • Articles Q&A

    WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

    …

  • Uncategorized

    WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

    …

  • Mr Old Man Q&A

    WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

    …

  • Mr Old Man Q&A

    CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

    …

  • Mr Old Man Q&A

    CHANGING PAYMENT TERMS OF THE LC

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

  • Mr Old Man Q&A

    AMOUNT OF COVER

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

  • Mr Old Man Q&A

    LC WITH SPECIAL PAYMENT CONDITION

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

  • Mr Old Man Q&A

    AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

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

  • Mr Old Man Payment Q&A

    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…

  • Mr Old Man Q&A Uncategorized

    STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

    …

  • Uncategorized

    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…

  • Mr Old Man Q&A

    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?…

  • Q&A

    DP COLLECTION

    QUESTION Sir, I want to know, if the documents on DP term are sent with clear instruction …

  • Discovery on the cycling road Lifestyle Payment Q&A

    WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS

    Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to th…

  • Mr Old Man Payment Q&A

    CAN A BANK REFER TO THE PROVISIONS OF ISBP IN ADDITION TO UCP WHEN CHECKING DOCUMENTS?

    QUESTION Dear Mr. Old Man, When the LC only indicates UCP 600 as governing rule but not IS…

  • Articles Payment Q&A

    HOW TO GIVE NOTICE OF REFUSAL TO THE BENEFICIARY WHO HAS PRESENTED THE DOCUMENTS DIRECTLY TO THE ISSUING BANK?

    QUESTION Dear Mr. Old Man, I understand that sub-article 6 (a) UCP 600 allows the benefici…

  • Payment Q&A

    UCP 600 ARTICLES 30 AND 31

    QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứ…

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Q & A

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
21
147,940

QUESTION Dear Mr. Old Man, LC does not allow partial shipments. Documents were presented to the issuing bank in two separate covering schedules. The first set reached the issuing bank’s counter on 5 O…

Read More

UCP 600 ARTICLES 30 AND 31

March 16, 2010
129
35,584

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

July 31, 2018
5
33,539

TO ORDER BILL OF LADING AND ENDORSEMENT

March 6, 2010
61
32,130

LC CONFIRMED BY THE FIRST ADVISING BANK

September 15, 2013
9
31,426

Bank

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
Payment

UCP 600 ARTICLES 30 AND 31

By Mr Old Man
March 16, 2010
Mr Old Man

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

By Mr Old Man
July 31, 2018

Travel In Picture

Lifestyle

Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

Recent Posts

THE STORY BEHIND THE STATUE OF MOTHER ÂU CƠ AT EAST SEA PARK

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
125
7 Apr 2025

By Mr. Old Man, October 2021 A Mysterious Presence by the Sea Right at the heart of East Sea Park in Đà Nẵng—where Hoàng Sa Street intersects with Phạm Văn Đồng Street—stands a striking white stone sculpture. It depicts two full, round breasts cradling a large egg, mounted on a tall black granite pedestal that rises above head height. Curiously, …


THE ROAD TO GIENG TROI – A JOURNEY OF TEARS AND TRIUMPH

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
122
7 Apr 2025

By Mr. Old Man Tucked away in the rugged northwest corner of the Ba Na – Nui Chua Nature Reserve, Gieng Troi (literally “The Well of Heaven”) remains one of Da Nang’s best-kept secrets. Its remote location and difficult terrain have kept it largely untouched, preserving its wild, mystical beauty. In recent years, however, it has become a coveted destination …


Discover the Timeless Beauty of Chien Dan Ancient Towers

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
162
7 Apr 2025

Nestled in the heart of Quang Nam province, Chien Dan Towers stand as a majestic symbol of the ancient Champa Kingdom. Located in Chien Dan Village, Tam An Commune, Tam Ky City, these towers are not only historical landmarks but also captivating sites for culture and architecture enthusiasts. A Journey Back to the Champa Era Built between the late 10th …


EXPLORING KHE RAM

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
152
6 Apr 2025

“Who travels to Khe Ram Who passes by An Dinh Who returns to Hoi Yen…” Located about 25 kilometers west of Da Nang, Khe Ram is nestled in An Dinh hamlet, Hoa Bac commune, Hoa Vang district. Recently, it’s been featured on several travel websites as an exciting check-in spot for adventure lovers and nature seekers eager to explore the …


CHECK-IN AT DA NANG CATHEDRAL

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
153
5 Apr 2025

The Diocese of Da Nang consists of five deaneries: Da Nang, Hoa Vang, Hoi An, Tra Kieu, and Tam Ky, with a total of 51 parish churches. While waiting for the post-Covid period to explore the churches of Quang Nam, I took the opportunity to cycle around and visit all the churches within Da Nang, including 30 parish churches and …


The One-of-a-Kind Bà Rén Pig Market

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
179
4 Apr 2025

The seller and the buyer were close friends so the transaction took place very quickly | Photos by Mr. Old Man A Market Like No Other For over 50 years, in a small commune in Quảng Nam province, a market unlike any other has thrived. The Bà Rén Pig Market, located in Quế Xuân 1 commune, Quế Sơn district, is …


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Cái cây ma ám

By Mr Old Man
11 hours ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. Old Man chọn một lối đi nhẹ nhàng hơn, dù không phải ai cũng biết. …

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

By Mr Old Man
13 hours ago
in :  Mr Old Man, Payment, Q&A
0
9

One of the recurring questions in transfer transactions is whether a transferred LC must also be confirmed when the original LC is stated to be confirmed. The answer depends on whether the confirmation was actually added by the bank concerned, not merely authorized or requested by the issuing bank. QUESTION Dear Sir, I have a question that I’d like you …

Read More

Thảo mai nghĩa là gì?

By Mr Old Man
1 day ago
in :  Articles, Lifestyle, Mr Old Man
0
16

Trước khi đọc tiếp bài viết này, các bạn thử trả lời xem từ “thảo mai” nghĩa là gì, coi có đúng không nhé. Chứ nói thật, sống đến từng này tuổi rồi mà Mr. Old Man chưa bao giờ dùng từ “thảo mai” trong nói hay viết. Thỉnh thoảng chỉ nghe trên gameshow, thấy MC vừa cười vừa nói: …

Read More

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
14

Introduction The loss of documents in transit is one of the rare but troublesome risks in documentary credit operations. In the past, it was common practice to dispatch documents in two separate mailings—typically one by courier and the other by airmail—to reduce the risk of total loss. Today, however, many issuing banks instead require the bank handling the drawing to …

Read More

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
1
26

The role of an advising bank under UCP 600 is relatively straightforward: verify the apparent authenticity of the credit and accurately advise its terms to the beneficiary. But should an advising bank go further and alert its customer to ambiguous, impractical, or potentially troublesome conditions in the credit? A reader recently raised this interesting question. Question Interesting post. I would …

Read More

ĐÀO LỬA QUỐC TẾ

By Mr Old Man
2 days ago
in :  Articles, Mr Old Man, Payment
0
37

Bọn lừa đảo quốc tế mỗi ngày gửi đi hàng ngàn email và tin nhắn. Chỉ cần một tỷ lệ rất nhỏ người nhận mắc câu thì chúng cũng đã kiếm được bộn tiền. Hôm nay, Facebook Messenger của Mr. Old Man nhận được một tin nhắn có lẽ xuất phát từ quốc đảo Madagascar ngoài khơi châu Phi với …

Read More

Quantity Tolerance in Field 39C – Is It Valid?

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

  ✅Question Dear Mr. Old Man, Hope this email finds you well. Would like to seek your opinion regarding the below scenario. • LC Field 45A contains three goods and the quantities are specified in pieces (pcs). • LC specifies a 10 pct tolerance in Field 39A. • LC Field 39C states: “Variance in Quantity of Screws shipped”. • LC …

Read More

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
42

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—to maintain a degree of control over the goods until payment is secured. But what happens when the sale is concluded on Ex Works (EXW) terms and the beneficiary insists that no Bill …

Read More

Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
5 days ago
in :  Mr Old Man, Payment, Q&A
2
34

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …

Read More

Steve Jobs, Stevie Wonder, Lionel Richie…???

By Mr Old Man
6 days ago
in :  Articles, Lifestyle, Mr Old Man
0
35

Thằng cháu thi tốt nghiệp THPT đọc đề rồi nghĩ mãi: “Steve Jobs là ai vậy ta?” Rồi trí nhớ nó bắt đầu hoạt động hết công suất. Để có nhiều Steve Jobs Việt Nam, trước hết cần phát triển âm nhạc… Nó còn lờ mờ nhớ có một bài hát nổi tiếng với câu mở đầu: “Hello. Is it …

Read More
Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

ĐÀO LỬA QUỐC TẾ

2 days ago
0
37

Quantity Tolerance in Field 39C – Is It Valid?

3 days ago
0
22

NO BILL OF LADING, NO CONTROL?

4 days ago
0
42

Prepay vs. Purchase – Same Same but Different?

5 days ago
2
34

Steve Jobs, Stevie Wonder, Lionel Richie…???

6 days ago
0
35
Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

ĐÀO LỬA QUỐC TẾ

2 days ago
0
37

Quantity Tolerance in Field 39C – Is It Valid?

3 days ago
0
22

NO BILL OF LADING, NO CONTROL?

4 days ago
0
42

Prepay vs. Purchase – Same Same but Different?

5 days ago
2
34

Steve Jobs, Stevie Wonder, Lionel Richie…???

6 days ago
0
35

Cái cây ma ám

By Mr Old Man
11 hours ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. Old Man chọn một lối đi nhẹ nhàng hơn, dù không phải ai cũng biết. …

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

By Mr Old Man
13 hours ago
in :  Mr Old Man, Payment, Q&A
0
9

One of the recurring questions in transfer transactions is whether a transferred LC must also be confirmed when the original LC is stated to be confirmed. The answer depends on whether the confirmation was actually added by the bank concerned, not merely authorized or requested by the issuing bank. QUESTION Dear Sir, I have a question that I’d like you …

Read More

Thảo mai nghĩa là gì?

By Mr Old Man
1 day ago
in :  Articles, Lifestyle, Mr Old Man
0
16

Trước khi đọc tiếp bài viết này, các bạn thử trả lời xem từ “thảo mai” nghĩa là gì, coi có đúng không nhé. Chứ nói thật, sống đến từng này tuổi rồi mà Mr. Old Man chưa bao giờ dùng từ “thảo mai” trong nói hay viết. Thỉnh thoảng chỉ nghe trên gameshow, thấy MC vừa cười vừa nói: …

Read More

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
14

Introduction The loss of documents in transit is one of the rare but troublesome risks in documentary credit operations. In the past, it was common practice to dispatch documents in two separate mailings—typically one by courier and the other by airmail—to reduce the risk of total loss. Today, however, many issuing banks instead require the bank handling the drawing to …

Read More

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
1
26

The role of an advising bank under UCP 600 is relatively straightforward: verify the apparent authenticity of the credit and accurately advise its terms to the beneficiary. But should an advising bank go further and alert its customer to ambiguous, impractical, or potentially troublesome conditions in the credit? A reader recently raised this interesting question. Question Interesting post. I would …

Read More

ĐÀO LỬA QUỐC TẾ

By Mr Old Man
2 days ago
in :  Articles, Mr Old Man, Payment
0
37

Bọn lừa đảo quốc tế mỗi ngày gửi đi hàng ngàn email và tin nhắn. Chỉ cần một tỷ lệ rất nhỏ người nhận mắc câu thì chúng cũng đã kiếm được bộn tiền. Hôm nay, Facebook Messenger của Mr. Old Man nhận được một tin nhắn có lẽ xuất phát từ quốc đảo Madagascar ngoài khơi châu Phi với …

Read More

Quantity Tolerance in Field 39C – Is It Valid?

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

  ✅Question Dear Mr. Old Man, Hope this email finds you well. Would like to seek your opinion regarding the below scenario. • LC Field 45A contains three goods and the quantities are specified in pieces (pcs). • LC specifies a 10 pct tolerance in Field 39A. • LC Field 39C states: “Variance in Quantity of Screws shipped”. • LC …

Read More

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
42

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—to maintain a degree of control over the goods until payment is secured. But what happens when the sale is concluded on Ex Works (EXW) terms and the beneficiary insists that no Bill …

Read More

Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
5 days ago
in :  Mr Old Man, Payment, Q&A
2
34

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …

Read More

Steve Jobs, Stevie Wonder, Lionel Richie…???

By Mr Old Man
6 days ago
in :  Articles, Lifestyle, Mr Old Man
0
35

Thằng cháu thi tốt nghiệp THPT đọc đề rồi nghĩ mãi: “Steve Jobs là ai vậy ta?” Rồi trí nhớ nó bắt đầu hoạt động hết công suất. Để có nhiều Steve Jobs Việt Nam, trước hết cần phát triển âm nhạc… Nó còn lờ mờ nhớ có một bài hát nổi tiếng với câu mở đầu: “Hello. Is it …

Read More
Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

ĐÀO LỬA QUỐC TẾ

2 days ago
0
37

Quantity Tolerance in Field 39C – Is It Valid?

3 days ago
0
22

NO BILL OF LADING, NO CONTROL?

4 days ago
0
42

Prepay vs. Purchase – Same Same but Different?

5 days ago
2
34

Steve Jobs, Stevie Wonder, Lionel Richie…???

6 days ago
0
35
Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

ĐÀO LỬA QUỐC TẾ

2 days ago
0
37

Quantity Tolerance in Field 39C – Is It Valid?

3 days ago
0
22

NO BILL OF LADING, NO CONTROL?

4 days ago
0
42

Prepay vs. Purchase – Same Same but Different?

5 days ago
2
34

Steve Jobs, Stevie Wonder, Lionel Richie…???

6 days ago
0
35
Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

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Does a Transferred LC Have to Carry the Confirmation of the Original LC?

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Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

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By Mr Old Man
11 hours ago
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Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

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Does a Transferred LC Have to Carry the Confirmation of the Original LC?

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Cái cây ma ám

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
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19 Jun 2026

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. Old Man chọn một lối đi nhẹ nhàng hơn, dù không phải ai cũng biết. …


Does a Transferred LC Have to Carry the Confirmation of the Original LC?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
9
19 Jun 2026

One of the recurring questions in transfer transactions is whether a transferred LC must also be confirmed when the original LC is stated to be confirmed. The answer depends on whether the confirmation was actually added by the bank concerned, not merely authorized or requested by the issuing bank. QUESTION Dear Sir, I have a question that I’d like you …


Thảo mai nghĩa là gì?

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
16
18 Jun 2026

Trước khi đọc tiếp bài viết này, các bạn thử trả lời xem từ “thảo mai” nghĩa là gì, coi có đúng không nhé. Chứ nói thật, sống đến từng này tuổi rồi mà Mr. Old Man chưa bao giờ dùng từ “thảo mai” trong nói hay viết. Thỉnh thoảng chỉ nghe trên gameshow, thấy MC vừa cười vừa nói: …


Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
14
18 Jun 2026

Introduction The loss of documents in transit is one of the rare but troublesome risks in documentary credit operations. In the past, it was common practice to dispatch documents in two separate mailings—typically one by courier and the other by airmail—to reduce the risk of total loss. Today, however, many issuing banks instead require the bank handling the drawing to …


Should an Advising Bank Go Beyond Its UCP 600 Obligations?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
1
26
18 Jun 2026

The role of an advising bank under UCP 600 is relatively straightforward: verify the apparent authenticity of the credit and accurately advise its terms to the beneficiary. But should an advising bank go further and alert its customer to ambiguous, impractical, or potentially troublesome conditions in the credit? A reader recently raised this interesting question. Question Interesting post. I would …


ĐÀO LỬA QUỐC TẾ

By Mr Old Man
in :  Articles, Mr Old Man, Payment
0
37
17 Jun 2026

Bọn lừa đảo quốc tế mỗi ngày gửi đi hàng ngàn email và tin nhắn. Chỉ cần một tỷ lệ rất nhỏ người nhận mắc câu thì chúng cũng đã kiếm được bộn tiền. Hôm nay, Facebook Messenger của Mr. Old Man nhận được một tin nhắn có lẽ xuất phát từ quốc đảo Madagascar ngoài khơi châu Phi với …


Quantity Tolerance in Field 39C – Is It Valid?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
22
17 Jun 2026

  ✅Question Dear Mr. Old Man, Hope this email finds you well. Would like to seek your opinion regarding the below scenario. • LC Field 45A contains three goods and the quantities are specified in pieces (pcs). • LC specifies a 10 pct tolerance in Field 39A. • LC Field 39C states: “Variance in Quantity of Screws shipped”. • LC …


NO BILL OF LADING, NO CONTROL?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
42
15 Jun 2026

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—to maintain a degree of control over the goods until payment is secured. But what happens when the sale is concluded on Ex Works (EXW) terms and the beneficiary insists that no Bill …


Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
2
34
14 Jun 2026

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …


Steve Jobs, Stevie Wonder, Lionel Richie…???

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
35
14 Jun 2026

Thằng cháu thi tốt nghiệp THPT đọc đề rồi nghĩ mãi: “Steve Jobs là ai vậy ta?” Rồi trí nhớ nó bắt đầu hoạt động hết công suất. Để có nhiều Steve Jobs Việt Nam, trước hết cần phát triển âm nhạc… Nó còn lờ mờ nhớ có một bài hát nổi tiếng với câu mở đầu: “Hello. Is it …


Cái cây ma ám

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11 hours ago

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

By Mr Old Man
13 hours ago

Thảo mai nghĩa là gì?

1 day ago
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Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
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Should an Advising Bank Go Beyond Its UCP 600 Obligations?

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ĐÀO LỬA QUỐC TẾ

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By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

ĐÀO LỬA QUỐC TẾ

2 days ago
0
37

Quantity Tolerance in Field 39C – Is It Valid?

3 days ago
0
22

NO BILL OF LADING, NO CONTROL?

4 days ago
0
42

Prepay vs. Purchase – Same Same but Different?

5 days ago
2
34

Steve Jobs, Stevie Wonder, Lionel Richie…???

6 days ago
0
35
Articles

Cái cây ma ám

By Mr Old Man
11 hours ago
0
7

Facebook nhắc lại rằng đúng ngày này cách đây 5 năm, Mr. Old Man có chuyến phượt trở lại làng Vân lần thứ ba. Lần ấy, thay vì leo gành đá ven núi hay chui rừng từ đỉnh Hải Vân xuống như mọi khi, Mr. O…

Read More

Does a Transferred LC Have to Carry the Confirmation of the Original LC?

13 hours ago
0
9

Thảo mai nghĩa là gì?

1 day ago
0
16

Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

1 day ago
0
14

Should an Advising Bank Go Beyond Its UCP 600 Obligations?

1 day ago
1
26

ĐÀO LỬA QUỐC TẾ

2 days ago
0
37

Quantity Tolerance in Field 39C – Is It Valid?

3 days ago
0
22

NO BILL OF LADING, NO CONTROL?

4 days ago
0
42

Prepay vs. Purchase – Same Same but Different?

5 days ago
2
34

Steve Jobs, Stevie Wonder, Lionel Richie…???

6 days ago
0
35

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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

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March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

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March 6, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

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March 6, 2010

Cái cây ma ám

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Does a Transferred LC Have to Carry the Confirmation of the Original LC?

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Thảo mai nghĩa là gì?

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Lost Documents in Transit: Is the Old Practice of Sending Two Mailings Still Relevant?

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Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

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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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March 16, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

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July 31, 2018

TO ORDER BILL OF LADING AND ENDORSEMENT

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EARLY PRESENTATION

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September 11, 2017

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

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  • June 29, 2014

    INVOICE SHOWING A DEDUCTION COVERING ADVANCE PAYMENT, DISCOUNT…

  • June 10, 2012

    SUB-ARTICLE 18(b)

  • February 14, 2011

    UCP 600 sub-article 18(b)

  • November 12, 2015

    Liệu BPO có thể kết thúc “triều đại” LC?

  • July 18, 2010

    NEGOTIATION UNDER RESERVE AND GUARANTEE IS NOT ALLOWED

  • September 14, 2024

    DISCOUNTING A DPU INCURRED BY ISUING BANK

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