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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…
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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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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?…
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…
Q&A

DP COLLECTION

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

Q & A

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

Bank

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Payment

UCP 600 ARTICLES 30 AND 31

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WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

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Lifestyle

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BILL OF LADING AND BILL OF LADING RIDER PAGE(S) SIGNED WITH DIFFERENT SIGNATURES

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

LỦNG THÙNG THƠ LÀ CHI RỨA?

HỘI AN CẦN ĐÁNH THỨC THỦY QUÁI NAMAZU!

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

Cycling Back to the Ancient Banyan Tree

24 Apr 2025

This morning, I took on the climb up Sơn Trà to test my mountain biking legs — part of my plan to requalify for my long-expired Class FE cycling license (*). Along the way, I made a nostalgic stop at the old Tiên Sa Lighthouse, still standing proud above the sea. I also dropped by the legendary Cây Đa Ngàn …

MỘT LỜI CÁM ƠN – NGÀN NIỀM VUI

24 Apr 2025

Thỉnh thoảng, Mr. Old Man nhận được những email cảm ơn từ những người chưa từng gặp mặt, ở tận đâu đó trên thế giới, chỉ vì đã giúp họ giải đáp các thắc mắc trong quá trình tác nghiệp thanh toán quốc tế và tài trợ thương mại, hoặc trong hành trình “vượt ải” kỳ thi CDCS – một …

CFR FO or CFR + FO — When to Use It?

23 Apr 2025

QUESTION Dear Mr. Old Man, Good day. Could you kindly explain whether there’s any difference between CFR FO and CFR + FO as used in letters of credit? Also, which type of shipment are these Incoterms suitable for—containerized cargo, break bulk, bulk cargo, etc.? Does this mean CFR FO (or CFR + FO) is only applicable when a Charter Party …

TẢN MẠN CHUYỆN “THOẠC GIOÁN” VÀ TOURANE

23 Apr 2025

Sáng nay, đang thong thả cà phê thì lướt thấy Facebook của ông bạn hàng xóm báo tin nóng: Đà Nẵng đã chính thức đặt tên lại các phường, xã sau khi sáp nhập với Quảng Nam. Theo đó, ba phường Xuân Hà, Chính Gián và Thạc Gián được gom lại thành… phường Thạc Gián. Vậy là chỉ trong chưa …

THE PEAK OF THE PEAK — HAI VAN’S HIDDEN SUMMIT

22 Apr 2025

There’s a place above Hai Van Pass — higher than the Hai Van Gate by a full 194 meters, perched at an altitude of 690 meters above sea level — that few cyclists in Da Nang have ever seen with their own eyes, let alone set foot (or tire) on. We call it the “Peak of the Peak” of Hai …

WHEN EXW MEETS BILL OF LADING: A LOVE STORY THAT SHOULDN’T EXIST (BUT SOMETIMES DOES)

21 Apr 2025

QUESTION Dear Mr. Old Man, I’ve come across a bit of a puzzler: The LC I’m handling shows the goods are sold on EXW (Ex Works) terms, yet it also calls for presentation of a Bill of Lading (BL). From what I understand, under EXW, the seller’s responsibility stops at their own doorstep—they’re not even obliged to load the goods. …

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