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 Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
MT999: Accept or Refuse? 3 Apr 2026 Intro MT999 is often used as a free format SWIFT message between banks. It looks simple and convenient. But when it is not authenticated, especially in documentary credit transactions, it may create risks that are not always clearly understood. QUESTION Dear Mr. Old Man, We would be interested to know how your bank treats non-authenticated SWIFT message MT999: How are …
Bàn một chút về chuyện vỉa hè ở Đà Nẵng 3 Apr 2026 Sau những ngày ra quân rầm rộ, vỉa hè trên nhiều tuyến phố trung tâm Đà Nẵng đã phần nào được trả lại không gian cho người đi bộ. Điều đó cho thấy quyết tâm của lãnh đạo thành phố trong việc xây dựng Đà Nẵng trở thành đô thị xanh – sạch – đẹp, văn minh, hiện đại; xứng …
Deferred Payment LC: Is a Draft Required? And If So, Drawn on Whom? 2 Apr 2026 Intro A small but recurring point of confusion in practice: when a credit is available by deferred payment, do we still need a bill of exchange—and if yes, who should it be drawn on? The answer is straightforward in principle, but often misunderstood in execution. Question Dear Sir, Good day! The LC shows: Available with: XYZ Bank Drawee: XYZ Bank …
Protected: No Kings Protest and Imagine 2 Apr 2026 There is no excerpt because this is a protected post.
No Kings Protest và bài hát Imagine của John Lennon 2 Apr 2026 Trưa nay lướt Facebook, Mr. Old Man tình cờ bắt gặp một clip ghi lại cảnh người dân New York xuống đường biểu tình phản đối cuộc chiến đang diễn ra ở Trung Đông — nơi United States và Israel đang tấn công Iran theo quyết định của Tổng thống Donald Trump. (Video link: https://www.facebook.com/reel/1601561484434295) Nhìn cảnh trong clip, Mr. …
Transferable LCs – Who Really Gets Paid, and When? 31 Mar 2026 Transferable LCs often look straightforward—but once you get into the details, they rarely are. When money is involved, two questions always come up: who gets paid, and when? And are we really dealing with two independent sets of documents? Let’s keep it simple. QUESTION Dear Mr. Old Man, I have two questions regarding transferable letters of credit: When the second …
Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On … Read More
Does Field 39A Cover Quantity Tolerance? A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would … Read More
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides … Read More
Đừng để “ngoại ngữ” thành… “ngại ngữ” Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP … Read More
GROWING OLD: WHO WILL TAKE CARE OF US? Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support … Read More
American Retirement, Vietnamese Retirement While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having … Read More
If Only a U70 Brain Had an “Upgrade Storage” Button One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are … Read More
Want Stability? Build Your Own Home Today, Facebook reminded me of something that happened 17 years ago. A reader asked where Mr. Old Man was “moving” to. Well, the house in question wasn’t a real one. It was an online home. About 20 years ago, when Yahoo 360 was launched, Mr. Old Man enthusiastically built a little corner on the Internet to share articles and Q&As … Read More
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On … Read More
Does Field 39A Cover Quantity Tolerance? A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would … Read More
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides … Read More
Đừng để “ngoại ngữ” thành… “ngại ngữ” Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP … Read More
GROWING OLD: WHO WILL TAKE CARE OF US? Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support … Read More
American Retirement, Vietnamese Retirement While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having … Read More
If Only a U70 Brain Had an “Upgrade Storage” Button One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are … Read More
Want Stability? Build Your Own Home Today, Facebook reminded me of something that happened 17 years ago. A reader asked where Mr. Old Man was “moving” to. Well, the house in question wasn’t a real one. It was an online home. About 20 years ago, when Yahoo 360 was launched, Mr. Old Man enthusiastically built a little corner on the Internet to share articles and Q&As … Read More
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Can an Issuing Bank Advise an LC Directly to the Beneficiary? 4 Jun 2026 One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. …
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? 3 Jun 2026 In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On …
Does Field 39A Cover Quantity Tolerance? 3 Jun 2026 A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would …
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? 3 Jun 2026 One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides …
Đừng để “ngoại ngữ” thành… “ngại ngữ” 3 Jun 2026 Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. …
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? 3 Jun 2026 Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP …
GROWING OLD: WHO WILL TAKE CARE OF US? 2 Jun 2026 Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support …
American Retirement, Vietnamese Retirement 2 Jun 2026 While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having …
If Only a U70 Brain Had an “Upgrade Storage” Button 2 Jun 2026 One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are …
Want Stability? Build Your Own Home 1 Jun 2026 Today, Facebook reminded me of something that happened 17 years ago. A reader asked where Mr. Old Man was “moving” to. Well, the house in question wasn’t a real one. It was an online home. About 20 years ago, when Yahoo 360 was launched, Mr. Old Man enthusiastically built a little corner on the Internet to share articles and Q&As …
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary witho… Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?