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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…
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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…

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WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

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Mr Old Man Q&A

WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

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Mr Old Man Q&A

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

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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…
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STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

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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?…
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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…
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…
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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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DP COLLECTION

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

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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…

UCP 600 ARTICLES 30 AND 31

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

TO ORDER BILL OF LADING AND ENDORSEMENT

LC CONFIRMED BY THE FIRST ADVISING BANK

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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UCP 600 ARTICLES 30 AND 31

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WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

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NGƯỜI NHẬT CÓ THỂ TỰ HÀO VỀ BÒ WAGYU, NHƯNG NGƯỜI VIỆT THÌ CHƯA CHẮC ĐÃ MÊ!

Đọc bài “Bò H’Mông và giấc mơ Wagyu” trên VnExpress của một giáo sư người Việt đang giảng dạy tại Đại học Hiroshima (Nhật Bản), Mr. Old Man tự nhiên cũng muốn góp vài câu chuyện về món thịt bò. …

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HỘI AN CẦN ĐÁNH THỨC THỦY QUÁI NAMAZU!

TRUYỀN THUYẾT VỀ THỦY QUÁI NAMAZU Ở CHÙA CẦU HỘI AN CẦN ĐƯỢC TÁI DỰNG?

NAM Ô LÊN PHIM GẦN 130 NĂM TRƯỚC!

Issuance Dates of Documents under UCP 600: What Does Sub-article 14(i) Really Mean?

10 Sep 2025

In documentary credit practice, timing can make or break a presentation. One of the less talked-about rules in UCP 600 is sub-article 14(i), which deals with the issuance date of documents. Can a document be dated before the LC was even issued? And what happens if a document shows a date later than the day it was presented to the …

Lời xin lỗi gửi anh Mark

9 Sep 2025

Anh Mark thân mến, Cách đây đúng 16 năm, Mr. Old Man đã lỡ viết một cái tút tuyên bố xanh rờn rằng sẽ “tạm biệt Facebook” nếu tìm được một “ngôi nhà” tốt hơn. Chắc hồi đó Facebook chưa xịn như bây giờ, nên Old Man mới dám buông lời “dọa dẫm” như vậy. Ấy thế mà 16 năm …

Notify Party vs. Applicant’s Name and Address on a Bill of Lading

8 Sep 2025

Intro In documentary credit practice, it’s not unusual to see slight variations in how applicant details are reflected on a bill of lading. A common concern is whether the applicant’s name and address must appear separately, or if details shown in the notify party field are sufficient. Here’s a recent query Mr. Old Man received. ________ Question Dear Mr. Old …

Sự cố chữ nghĩa: “Cựu người học”

8 Sep 2025

Sáng nay một người bạn gửi cho Mr. Old Man tấm ảnh backdrop kỷ niệm 40 năm của Trường Đại học Ngoại ngữ – ĐH Đà Nẵng, với dòng chữ nổi bật: “Ngày hội cựu người học”. Cụm từ “cựu người học” nghe thiệt lạ tai. Ngại dính tin pha-ke trên mang, Mr. Old Man nhờ ChatGPT kiểm tra lại …

Where the Applicant Goes Bankrupt

7 Sep 2025

Bankruptcy of an LC applicant is one of those nightmare scenarios that beneficiaries and banks alike worry about. Does the issuing bank still have to pay if the applicant collapses before documents arrive? And if so, how can the bank protect itself? Let’s look at a real question I received and my response. __________ QUESTION Dear Mr. Old Man, First …

Switch Bills of Lading: Issue Date vs. On-Board Date under UCP 600

6 Sep 2025

In documentary credit practice, questions often arise about the relationship between the bill of lading issue date and the on-board date—especially in cases involving switch bills of lading and high-seas sales. Can the two dates differ significantly, and if so, what do UCP 600 and ISBP 821 say about it? QUESTION Dear Mr. Old Man, May I seek your opinion …

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