July 11, 2025
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Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

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    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    A Heartfelt Note from a CDCS Achiever

    GIÀ GÂN PHƯỢT THỦ

    FRAUDULENT FUND TRANSFER VIA EMAIL HACKING AND BENEFICIARY ACCOUNT CHANGE

  • Lifestyle

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

    Phiếm bàn từ “xụt bệ” với Chat GPT

  • Discovery on the cycling road

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

    Profile Update: Mr. Old Man’s World – Where Trade Finance Meets Adventure

  • Q&A
  • Popular
3 New Articles
  • 11 hours ago Is a CPBL Acceptable When the LC Is Silent?
  • 20 hours ago A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?
  • 1 day ago Unpacking a New LC Payment Practice: MT103 at Port of Loading?

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?…

  • 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…

  • 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…

  • Q&A

    DP COLLECTION

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

  • 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…

  • 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…

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Q & A

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
21
147,277

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
34,641

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

July 31, 2018
5
32,898

LC CONFIRMED BY THE FIRST ADVISING BANK

September 15, 2013
9
30,997

TO ORDER BILL OF LADING AND ENDORSEMENT

March 6, 2010
61
29,697

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

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Recent Posts

WHETHER THE BENEFICIARY CAN PRESENT DOCUMENTS DIRECTLY TO THE ISSUING BANK

By Mr Old Man
in :  Uncategorized
0
3,126
20 Aug 2010


HOW TO WRITE ARTICLES

By Mr Old Man
in :  Uncategorized
0
2,640
19 Aug 2010


WHETHER IT IS APPROPRIATE TO DRAW AGAINST A GUARANTEE

By Mr Old Man
in :  Uncategorized
0
1,981
16 Aug 2010


QUESTIONS REGARDING INSURANCE DOCUMENTS

By Mr Old Man
in :  Uncategorized
14
4,593
12 Aug 2010


WHEN IS THE LC AMENDED?

By Mr Old Man
in :  Uncategorized
2
2,455
9 Aug 2010


URDG 758 – WHAT'S NEW?

By Mr Old Man
in :  Uncategorized
26
6,199
5 Aug 2010


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Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
in :  Mr Old Man, Payment, Q&A
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can …

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

By Mr Old Man
20 hours ago
in :  Mr Old Man, Payment, Q&A
0
17

QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the …

Read More

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
7

QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, …

Read More

Red Flags in a Copper Deal Under CIF Terms

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
19

QUESTION  Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding …

Read More

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
12

QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued …

Read More

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
13

QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025.  The usance period is 60 days from  the T/R date. Currently the due date for the …

Read More

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

By Mr Old Man
4 days ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
15

Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …

Read More

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

By Mr Old Man
4 days ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
6

Nguyen Van Troi Bridge — originally named Nguyen Hoang Bridge before 1975 — was built in 1965 by the American contractor RMK. Spanning 513.8 meters across the Han River with 14 steel pony truss spans, the bridge measures 10.5 meters wide, including an 8.5-meter roadbed. This was the first road bridge across the Han River, constructed by the U.S. to …

Read More

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

By Mr Old Man
6 days ago
in :  Mr Old Man, Payment, Q&A
0
21

 QUESTION  Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are …

Read More

A Heartfelt Note from a CDCS Achiever

By Mr Old Man
7 days ago
in :  Articles, Mr Old Man
0
11

At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels …

Read More

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
in :  Mr Old Man, Payment, Q&A
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can …

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

By Mr Old Man
20 hours ago
in :  Mr Old Man, Payment, Q&A
0
17

QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the …

Read More

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
7

QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, …

Read More

Red Flags in a Copper Deal Under CIF Terms

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
19

QUESTION  Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding …

Read More

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
12

QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued …

Read More

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
13

QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025.  The usance period is 60 days from  the T/R date. Currently the due date for the …

Read More

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

By Mr Old Man
4 days ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
15

Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …

Read More

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

By Mr Old Man
4 days ago
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
6

Nguyen Van Troi Bridge — originally named Nguyen Hoang Bridge before 1975 — was built in 1965 by the American contractor RMK. Spanning 513.8 meters across the Han River with 14 steel pony truss spans, the bridge measures 10.5 meters wide, including an 8.5-meter roadbed. This was the first road bridge across the Han River, constructed by the U.S. to …

Read More

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

By Mr Old Man
6 days ago
in :  Mr Old Man, Payment, Q&A
0
21

 QUESTION  Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are …

Read More

A Heartfelt Note from a CDCS Achiever

By Mr Old Man
7 days ago
in :  Articles, Mr Old Man
0
11

At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels …

Read More
Mr Old Man

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11
Mr Old Man

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11
Mr Old Man

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11
Mr Old Man

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

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Unpacking a New LC Payment Practice: MT103 at Port of Loading?

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THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

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Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
4
10 Jul 2025

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can …


A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
17
10 Jul 2025

QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the …


Unpacking a New LC Payment Practice: MT103 at Port of Loading?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
7
9 Jul 2025

QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, …


Red Flags in a Copper Deal Under CIF Terms

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
19
8 Jul 2025

QUESTION  Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding …


Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
12
8 Jul 2025

QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued …


Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
13
7 Jul 2025

QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025.  The usance period is 60 days from  the T/R date. Currently the due date for the …


Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

By Mr Old Man
in :  Articles, Discovery on the cycling road, Lifestyle, Mr Old Man
0
15
7 Jul 2025

Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …


Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

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

Nguyen Van Troi Bridge — originally named Nguyen Hoang Bridge before 1975 — was built in 1965 by the American contractor RMK. Spanning 513.8 meters across the Han River with 14 steel pony truss spans, the bridge measures 10.5 meters wide, including an 8.5-meter roadbed. This was the first road bridge across the Han River, constructed by the U.S. to …


THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
21
4 Jul 2025

 QUESTION  Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are …


A Heartfelt Note from a CDCS Achiever

By Mr Old Man
in :  Articles, Mr Old Man
0
11
4 Jul 2025

At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels …


Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

By Mr Old Man
20 hours ago

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
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7

Red Flags in a Copper Deal Under CIF Terms

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Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

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Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

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Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
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Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

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THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
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A Heartfelt Note from a CDCS Achiever

7 days ago
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11
Mr Old Man

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11
Mr Old Man

Is a CPBL Acceptable When the LC Is Silent?

By Mr Old Man
11 hours ago
0
4

QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart…

Read More

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

20 hours ago
0
17

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

1 day ago
0
7

Red Flags in a Copper Deal Under CIF Terms

3 days ago
0
19

Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758

3 days ago
0
12

Truck Receipts and Maturity Date: Does the Latest Date Rule Apply?

4 days ago
0
13

Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

4 days ago
0
15

Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

4 days ago
0
6

THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE

6 days ago
0
21

A Heartfelt Note from a CDCS Achiever

7 days ago
0
11

About me

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Is a CPBL Acceptable When the LC Is Silent?

Mr Old Man
11 hours ago

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

Mr Old Man
20 hours ago

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

Mr Old Man
1 day ago

Red Flags in a Copper Deal Under CIF Terms

Mr Old Man
3 days ago
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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

Is a CPBL Acceptable When the LC Is Silent?

Mr Old Man
11 hours ago

A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading?

Mr Old Man
20 hours ago

Unpacking a New LC Payment Practice: MT103 at Port of Loading?

Mr Old Man
1 day ago

Red Flags in a Copper Deal Under CIF Terms

Mr Old Man
3 days ago

Lica Mauer: In reply to Lucky comment: there is a clear omission of terms and conditions eit...

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Mr Old Man: Hi, I am not sure I understand your question correctly. According to sub-article...

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Monkey Mountain Challenge 2025 negotiation Documents lost in transit On board notation non-documentary conditions SBLC Amendment CPBL notify party invoice lc-availability place-of-expiry Late presentation NUMBER OF ORIGINALS lc-expired confirmation any chinese port beneficiarys-name Disposal of docs Insurance document Drafts under confirmed LC Tà Lang expiry-date transferred LC Chat GPT

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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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LC CONFIRMED BY THE FIRST ADVISING BANK

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