Mr Old Man 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… Read More
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Can an Issuing Bank Issue a Credit Available with Itself by Negotiation? 25 Jun 2026 The question occasionally arises where both the applicant and beneficiary maintain accounts with the same bank. The applicant wants a usance LC, while the beneficiary wishes to obtain immediate funds by discounting complying documents. Can the issuing bank simply make the credit available with itself by negotiation? Question Hi Mr. Old Man, Can a bank issue an LC available with …
Available with a Nominated Bank by Acceptance or Deferred Payment: Is the Nominated Bank Obliged to Act? 25 Jun 2026 One of the most common misconceptions in documentary credit practice is that once an issuing bank nominates a bank to accept drafts or incur a deferred payment undertaking, that nominated bank is automatically obliged to perform that role. A reader recently raised an interesting question regarding credits available with a nominated bank by acceptance and by deferred payment. The answer …
Hãy công bằng với Ronaldo 24 Jun 2026 Mr. Old Man thường xem mục thể thao trên VNExpress vì báo này cho phép bạn đọc bình luận khá thoải mái. Hễ bài nào có dính dáng đến Messi hay Ronaldo thì vài trăm bình luận là chuyện thường. Và cũng thường chia thành hai phe rất rõ ràng: phe Messi và phe Ronaldo. Năm năm trước, hai bên …
Bà cụ rùa mất rồi! 22 Jun 2026 Sáu năm trước, trong một chuyến đạp xe chinh phục đèo Hải Vân, Mr. Old Man ghé quán cà phê “Hòn Đá Cụ Rùa”. Dịp ấy, Mr. Old Man đã viết bài Check-in Hòn Đá Cụ Rùa, trong đó có đoạn: “Cách chân đèo Hải Vân chừng 6 km có một dãy quán cà phê xóm núi nằm chênh vênh …
WHEN WILL A CONFIRMING BANK HONOUR OR NEGOTIATE? 21 Jun 2026 One reader recently sent Mr. Old Man four questions about confirmed LCs. By the time he finished reading them, he realized they were not four questions at all, but at least fourteen! Since many trade finance practitioners encounter similar issues—particularly regarding a Confirming Bank’s obligation to honour or negotiate—Mr. Old Man decided to answer them all in one article. Hopefully, …
Trust Receipt Financing Without Control of Title Documents 21 Jun 2026 Trust Receipt financing is a common facility used in import trade, yet many practitioners still associate it exclusively with the bank’s control over the bill of lading or other title documents. But what happens when the bank no longer holds those documents? Can Trust Receipt financing still be granted? A reader recently raised this practical question. Question Hi Sir, …
Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure” and “Airport of Destination” required by the letter of credit. The reader also asked whether the presence of both a Master Air Waybill (MAWB) number and a House Air Waybill (HAWB) number, together with … Read More
Bill of Lading or Multimodal Transport Document? Which UCP 600 Article Applies? A credit requires a “full set clean on board bill of lading” but, at the same time, field 44A specifies an inland place of taking in charge, while fields 44E and 44F indicate the port of loading and port of discharge. A multimodal transport document is subsequently presented, bearing only the notation “Received for Shipment” and no dated on-board notation. … Read More
Đà Nẵng – Thành phố xe đạp: Mr. Old Man sai rồi! Hơn 10 năm trước, Mr. Old Man từng viết bài “Đà Nẵng – Thành phố xe đạp. Tại sao không?”, đăng trên trang Quản lý Đô thị Đà Nẵng. Bài viết đề xuất một tầm nhìn dài hạn nhằm biến Đà Nẵng trở thành thành phố xe đạp đầu tiên của Việt Nam, xem xe đạp là một giải pháp … Read More
Thay avatar Chơi Facebook cũng hơn 17 năm, đã vài lần thay avatar, nhưng lần gần nhất chắc cũng ngót nghét chục năm rồi. Nhìn tấm ảnh cũ, trẻ trung và khỏe mạnh thì cũng thích thật, nhưng để mãi đôi khi thấy hơi… kỳ kỳ. Mấy ông bạn cà phê còn trêu: “Trông trẻ ghê hè. Đổi nick thành Mr. Young … Read More
Tào lao xịt bợp, tào lao khú đế, tào lao thiên địa, tào lao bí đao… Sáng nay có bạn hỏi, không biết đùa hay thật: – Sao lâu rồi không thấy Mr. Old Man viết mấy bài “tào lao”? – Tào lao thì cũng cần có cảm hứng mới viết được. Chứ cố viết, có khi lại đánh mất luôn cái chất tào lao. Đúng là giữa đống bài nghiệp vụ chuyên môn, thỉnh thoảng … Read More
Is There a Cure for AI Voice Fatigue? These days, AI voices seem to be everywhere. Commercials on TV, breaking news, even commentary on wars and international conflicts—all narrated by AI. At first, Mr. Old Man didn’t think much of it. The voices were pleasant enough. But after hearing them day after day, he has started to develop what might be called AI voice fatigue. The worst part … Read More
Dị ứng giọng AI, uống thuốc gì? Bây giờ mở TV ra là nghe quảng cáo bằng giọng AI; nghe tin tức, bình luận về chiến sự Nga – Ukraina hay Mỹ – Iran cũng bằng giọng AI. Ban đầu nghe thấy chẳng có vấn đề gì, nhưng nghe riết rồi cũng đâm ra dị ứng, dù giọng AI sao chép vốn là giọng hay. Bực nhất … Read More
Negotiation Credit with Expiry in the Issuing Bank’s Country: Where Should Documents Be Presented? A negotiation credit is normally expected to expire in the beneficiary’s country, where the nominated bank is located. But what happens when an L/C is available by negotiation with any bank in the beneficiary’s country while the place of expiry is stated in the issuing bank’s country? This question highlights an unusual drafting issue that could expose the beneficiary to … Read More
Liquidated Damages Clause and Force Majeure under a Letter of Credit If the exporter fails to ship the goods due to a force majeure event, can the importer still claim liquidated damages for the non-shipment? This is a question that occasionally arises in letter of credit practice. The answer lies in distinguishing the bank’s obligations under the LC from the parties’ rights and obligations under the underlying sale contract. Let’s look … Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication? Intro: Many letters of credit require a commercial invoice to be “authenticated by the Chamber of Commerce.” As Chambers of Commerce increasingly issue electronic documents with digital seals and QR codes, a common question arises: does a digitally authenticated invoice satisfy such an L/C requirement? Let’s look at the following Q&A. Question Dear Sir, Good day! We have an LC … Read More
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure” and “Airport of Destination” required by the letter of credit. The reader also asked whether the presence of both a Master Air Waybill (MAWB) number and a House Air Waybill (HAWB) number, together with … Read More
Bill of Lading or Multimodal Transport Document? Which UCP 600 Article Applies? A credit requires a “full set clean on board bill of lading” but, at the same time, field 44A specifies an inland place of taking in charge, while fields 44E and 44F indicate the port of loading and port of discharge. A multimodal transport document is subsequently presented, bearing only the notation “Received for Shipment” and no dated on-board notation. … Read More
Đà Nẵng – Thành phố xe đạp: Mr. Old Man sai rồi! Hơn 10 năm trước, Mr. Old Man từng viết bài “Đà Nẵng – Thành phố xe đạp. Tại sao không?”, đăng trên trang Quản lý Đô thị Đà Nẵng. Bài viết đề xuất một tầm nhìn dài hạn nhằm biến Đà Nẵng trở thành thành phố xe đạp đầu tiên của Việt Nam, xem xe đạp là một giải pháp … Read More
Thay avatar Chơi Facebook cũng hơn 17 năm, đã vài lần thay avatar, nhưng lần gần nhất chắc cũng ngót nghét chục năm rồi. Nhìn tấm ảnh cũ, trẻ trung và khỏe mạnh thì cũng thích thật, nhưng để mãi đôi khi thấy hơi… kỳ kỳ. Mấy ông bạn cà phê còn trêu: “Trông trẻ ghê hè. Đổi nick thành Mr. Young … Read More
Tào lao xịt bợp, tào lao khú đế, tào lao thiên địa, tào lao bí đao… Sáng nay có bạn hỏi, không biết đùa hay thật: – Sao lâu rồi không thấy Mr. Old Man viết mấy bài “tào lao”? – Tào lao thì cũng cần có cảm hứng mới viết được. Chứ cố viết, có khi lại đánh mất luôn cái chất tào lao. Đúng là giữa đống bài nghiệp vụ chuyên môn, thỉnh thoảng … Read More
Is There a Cure for AI Voice Fatigue? These days, AI voices seem to be everywhere. Commercials on TV, breaking news, even commentary on wars and international conflicts—all narrated by AI. At first, Mr. Old Man didn’t think much of it. The voices were pleasant enough. But after hearing them day after day, he has started to develop what might be called AI voice fatigue. The worst part … Read More
Dị ứng giọng AI, uống thuốc gì? Bây giờ mở TV ra là nghe quảng cáo bằng giọng AI; nghe tin tức, bình luận về chiến sự Nga – Ukraina hay Mỹ – Iran cũng bằng giọng AI. Ban đầu nghe thấy chẳng có vấn đề gì, nhưng nghe riết rồi cũng đâm ra dị ứng, dù giọng AI sao chép vốn là giọng hay. Bực nhất … Read More
Negotiation Credit with Expiry in the Issuing Bank’s Country: Where Should Documents Be Presented? A negotiation credit is normally expected to expire in the beneficiary’s country, where the nominated bank is located. But what happens when an L/C is available by negotiation with any bank in the beneficiary’s country while the place of expiry is stated in the issuing bank’s country? This question highlights an unusual drafting issue that could expose the beneficiary to … Read More
Liquidated Damages Clause and Force Majeure under a Letter of Credit If the exporter fails to ship the goods due to a force majeure event, can the importer still claim liquidated damages for the non-shipment? This is a question that occasionally arises in letter of credit practice. The answer lies in distinguishing the bank’s obligations under the LC from the parties’ rights and obligations under the underlying sale contract. Let’s look … Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication? Intro: Many letters of credit require a commercial invoice to be “authenticated by the Chamber of Commerce.” As Chambers of Commerce increasingly issue electronic documents with digital seals and QR codes, a common question arises: does a digitally authenticated invoice satisfy such an L/C requirement? Let’s look at the following Q&A. Question Dear Sir, Good day! We have an LC … Read More
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Origin Station vs. Airport of Departure on an Air Waybill 7 Aug 2026 A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure” and “Airport of Destination” required by the letter of credit. The reader also asked whether the presence of both a Master Air Waybill (MAWB) number and a House Air Waybill (HAWB) number, together with …
Bill of Lading or Multimodal Transport Document? Which UCP 600 Article Applies? 7 Aug 2026 A credit requires a “full set clean on board bill of lading” but, at the same time, field 44A specifies an inland place of taking in charge, while fields 44E and 44F indicate the port of loading and port of discharge. A multimodal transport document is subsequently presented, bearing only the notation “Received for Shipment” and no dated on-board notation. …
Đà Nẵng – Thành phố xe đạp: Mr. Old Man sai rồi! 7 Aug 2026 Hơn 10 năm trước, Mr. Old Man từng viết bài “Đà Nẵng – Thành phố xe đạp. Tại sao không?”, đăng trên trang Quản lý Đô thị Đà Nẵng. Bài viết đề xuất một tầm nhìn dài hạn nhằm biến Đà Nẵng trở thành thành phố xe đạp đầu tiên của Việt Nam, xem xe đạp là một giải pháp …
Thay avatar 6 Aug 2026 Chơi Facebook cũng hơn 17 năm, đã vài lần thay avatar, nhưng lần gần nhất chắc cũng ngót nghét chục năm rồi. Nhìn tấm ảnh cũ, trẻ trung và khỏe mạnh thì cũng thích thật, nhưng để mãi đôi khi thấy hơi… kỳ kỳ. Mấy ông bạn cà phê còn trêu: “Trông trẻ ghê hè. Đổi nick thành Mr. Young …
Tào lao xịt bợp, tào lao khú đế, tào lao thiên địa, tào lao bí đao… 3 Aug 2026 Sáng nay có bạn hỏi, không biết đùa hay thật: – Sao lâu rồi không thấy Mr. Old Man viết mấy bài “tào lao”? – Tào lao thì cũng cần có cảm hứng mới viết được. Chứ cố viết, có khi lại đánh mất luôn cái chất tào lao. Đúng là giữa đống bài nghiệp vụ chuyên môn, thỉnh thoảng …
Is There a Cure for AI Voice Fatigue? 1 Aug 2026 These days, AI voices seem to be everywhere. Commercials on TV, breaking news, even commentary on wars and international conflicts—all narrated by AI. At first, Mr. Old Man didn’t think much of it. The voices were pleasant enough. But after hearing them day after day, he has started to develop what might be called AI voice fatigue. The worst part …
Dị ứng giọng AI, uống thuốc gì? 1 Aug 2026 Bây giờ mở TV ra là nghe quảng cáo bằng giọng AI; nghe tin tức, bình luận về chiến sự Nga – Ukraina hay Mỹ – Iran cũng bằng giọng AI. Ban đầu nghe thấy chẳng có vấn đề gì, nhưng nghe riết rồi cũng đâm ra dị ứng, dù giọng AI sao chép vốn là giọng hay. Bực nhất …
Negotiation Credit with Expiry in the Issuing Bank’s Country: Where Should Documents Be Presented? 31 Jul 2026 A negotiation credit is normally expected to expire in the beneficiary’s country, where the nominated bank is located. But what happens when an L/C is available by negotiation with any bank in the beneficiary’s country while the place of expiry is stated in the issuing bank’s country? This question highlights an unusual drafting issue that could expose the beneficiary to …
Liquidated Damages Clause and Force Majeure under a Letter of Credit 31 Jul 2026 If the exporter fails to ship the goods due to a force majeure event, can the importer still claim liquidated damages for the non-shipment? This is a question that occasionally arises in letter of credit practice. The answer lies in distinguishing the bank’s obligations under the LC from the parties’ rights and obligations under the underlying sale contract. Let’s look …
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication? 31 Jul 2026 Intro: Many letters of credit require a commercial invoice to be “authenticated by the Chamber of Commerce.” As Chambers of Commerce increasingly issue electronic documents with digital seals and QR codes, a common question arises: does a digitally authenticated invoice satisfy such an L/C requirement? Let’s look at the following Q&A. Question Dear Sir, Good day! We have an LC …
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?
Mr Old Man Origin Station vs. Airport of Departure on an Air Waybill A reader recently asked whether an air waybill would be discrepant if it uses the terms “Origin Station” and “Destination Station” instead of “Airport of Departure”… Read More
Does a Digitally Authenticated Invoice Satisfy an L/C Requirement for Chamber of Commerce Authentication?