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
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
A NEW REGULATION APPLICABLE TO LCs ISSUED BEFORE THE DATE SUCH A REGULATION COMES INTO FORCE? 6 Mar 2010 QUERYL/C at sight Dear DC experts, My customer opened a L/C at sight (applied by UCP 600) aready this L/C covers five units ( including 03 used wheel cranes and 02 used hydraulic excavators). But after this L/C was opend for few days then a new regulation released from Custom Department, this new regulation means used wheel cranes are temporary …
ACCEPTANCE LC AVAILABLE WITH ANY BANK??? 6 Mar 2010 QUERY Chào anh Đức, Em tên là Quỳnh Trâm ở CN ………, năm ngoái em có tham dự hội thảo về UCP600 được tổ chức tại Đà Nẵng. Thật may, hôm đấy được biết anh rất am hiểu về các cases khi áp dụng UCP. Em có 1 thắc mắc xin được anh giải đáp, để em có thể nắm …
AMENDMENT TO LC THAT HAS EXPIRED 6 Mar 2010 QUERY FROM GLADExpiry Date Hi All I have already submitted this topic but I have not received any reply yet. So I am forwarding it again. If an lc has expired some 6 months back and have not been utilized or partly utilized and applicant wishes to amend the shipment and expiry date. Can the issuing bank amend this lc …
AGENT'S ADDRESS 6 Mar 2010 Agent's address Daniel D – Switzerland Posted 26 Nov 09 | Dear all, DC requires agent's name and address on BILL OF LADING.Discrepancy raised: the address does not indicate street name.Please commentThanks Daniel —————————————– N.H.Duc – Viet Nam Posted 27 Nov 09 | Hi Daniel, In my opinion, it is not a discrepancy. As DC does not provide a specific …
ACCEPTANCE CREDIT Vs DEFERRED PAYMENT CREDIT 6 Mar 2010 Phân biệt và vận dụng Thư tín dụng chấp nhận và Thư tín dụng trả chậmNguyễn Hữu Đức Khi thương lượng ký hợp đồng mua bán ngoại thương có điều kiện thanh toán bằng phương thức thư tín dụng trả chậm, ngoài các điều kiện cơ bản như chất lượng hàng hoá, giá cả, thời hạn trả chậm … các …
A PRE – PRINTED SHIPPED ON BOARD B/L BEARING A SEPARATE DATED ON BOARD NOTATION 6 Mar 2010 NESAR'S QUERY Dear all, Here I furnish below one of my confusion :Pre-printed "shipped bill of lading" will normally be issued after the shipement occured and for this reason as per UCP date of issuance will be the date of shipment. If the same document bears an on board notation in addition to that of date of issuance, I think …
DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft required? 2. Clarification on the role of a Nominated Bank: If an LC is available with Bank A for negotiation, how should the nominated bank be … Read More
GHÉ THĂM QUÁN MÍT HÔNG BÀ NAM – KÝ ỨC VỀ MỘT MÓN QUÊ Bốn năm trước, trong chuyến đạp xe đến Tam Kỳ để thưởng thức món mít hông trứ danh, tôi có dịp ghé quán của bà Nam. Khi ấy, tôi ngồi trò chuyện cùng bà và các cô con gái về món ăn vặt dân dã của xứ Quảng. Câu chuyện thú vị đến mức, về nhà, tôi còn viết một … Read More
QUESTION REGARDING DOCUMENT PRESENTATION AFTER LC EXPIRY QUESTION Dear Mr. Old Man, I have a question regarding the presentation of documents after the expiration of an LC, as follows: • Date and Place of Expiry: April 18, 2025, in Vietnam • Latest Shipment Date: March 30, 2025 • Estimated Time of Departure: April 21, 2025 Given this schedule, I advised the beneficiary to request an amendment from … Read More
CHATTOGRAM VS CHITTAGONG QUESTION Hi Sir, Short question. LC states “Chattogram seaport” as the place of delivery while BL presented states “Chittagong”. Both names are the same in Bangladeshi. Chattogram = Chittagong. Is this a discrepancy? Best regards, Pocholo Jose Lim — ANSWER Hi, Yes, Chittagong and Chattogram are the same. It is explained that Chittagong is officially called “Chattogram” because “Chattogram” is … Read More
CHECK-IN AT GIANT TURTLE ROCK Along the celestial road that winds through Hai Van Pass, travelers can pause at various spots to marvel at the majestic pass—once honored by Emperor Minh Mang as “The world’s most majestic pass”. Among these stops, one place stands out: Giant Turtle Rock. About 6 km from the foot of Hai Van Pass, a row of hillside cafés clings precariously … Read More
CYCLING TO VISIT TRA KIEU PARISH It was a beautiful day when I set out on an 80 km cycling trip to visit Tra Kieu Parish, one of the oldest parishes in the Vietnamese Catholic Church, established around 1630, shortly after Hoi An Parish. Located 40 km southwest of Da Nang, Tra Kieu Parish, also known as the Tra Kieu Marian Center, is an important pilgrimage … Read More
CYCLING ALONE IS REALLY EXCITING Riding a bike with friends is fun, but cycling alone amidst vast mountains and forests has its own unique charm—it’s like listening to your inner voice, facing yourself, and understanding who you truly are. Pedaling solo on deserted roads, with not a soul in sight, brings an unusual mix of emotions: a touch of excitement, a hint of melancholy, a … Read More
EXPLORING THE SPLENDOR OF THE DON CA ARCH BRIDGE AT HAI VAN PASS Golden sunlight spills across The Don Ca Bridge’s timeless arch, Its classic curve draped in moss— A patina of days long passed. Along the legendary Hai Van Pass, you might casually glimpse, tucked beneath the northern foothills where the pass meets the sea, a classic-style bridge built by the French over a hundred years ago—the Don Ca Arch Bridge. Situated … Read More
ENJOYING TẾT IN TÂY GIANG* ENJOYING TẾT IN TÂY GIANG* On Tet morning, I woke up beside a long-extinguished stove, and through the window, darkness still reigned except for a faint light from the small electric lamp atop the flagpole at Pơloong Plênh’s house. The incessant chorus of croaking frogs filled the air. Last night, two of my companions had been drinking with some Cơtu … Read More
BOOM BOOM ROCK More than 50 years have passed since the Americans withdrew from Monkey Mountain (the Son Tra Peninsula, Da Nang, Vietnam). The landscape has changed dramatically, and hardly anyone remembers Boom Boom Rock anymore—or if they do, they assume it no longer exists. Yet, Boom Boom Rock still stands there in perfect condition, hidden amid dense foliage, as if silently waiting … Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft required? 2. Clarification on the role of a Nominated Bank: If an LC is available with Bank A for negotiation, how should the nominated bank be … Read More
GHÉ THĂM QUÁN MÍT HÔNG BÀ NAM – KÝ ỨC VỀ MỘT MÓN QUÊ Bốn năm trước, trong chuyến đạp xe đến Tam Kỳ để thưởng thức món mít hông trứ danh, tôi có dịp ghé quán của bà Nam. Khi ấy, tôi ngồi trò chuyện cùng bà và các cô con gái về món ăn vặt dân dã của xứ Quảng. Câu chuyện thú vị đến mức, về nhà, tôi còn viết một … Read More
QUESTION REGARDING DOCUMENT PRESENTATION AFTER LC EXPIRY QUESTION Dear Mr. Old Man, I have a question regarding the presentation of documents after the expiration of an LC, as follows: • Date and Place of Expiry: April 18, 2025, in Vietnam • Latest Shipment Date: March 30, 2025 • Estimated Time of Departure: April 21, 2025 Given this schedule, I advised the beneficiary to request an amendment from … Read More
CHATTOGRAM VS CHITTAGONG QUESTION Hi Sir, Short question. LC states “Chattogram seaport” as the place of delivery while BL presented states “Chittagong”. Both names are the same in Bangladeshi. Chattogram = Chittagong. Is this a discrepancy? Best regards, Pocholo Jose Lim — ANSWER Hi, Yes, Chittagong and Chattogram are the same. It is explained that Chittagong is officially called “Chattogram” because “Chattogram” is … Read More
CHECK-IN AT GIANT TURTLE ROCK Along the celestial road that winds through Hai Van Pass, travelers can pause at various spots to marvel at the majestic pass—once honored by Emperor Minh Mang as “The world’s most majestic pass”. Among these stops, one place stands out: Giant Turtle Rock. About 6 km from the foot of Hai Van Pass, a row of hillside cafés clings precariously … Read More
CYCLING TO VISIT TRA KIEU PARISH It was a beautiful day when I set out on an 80 km cycling trip to visit Tra Kieu Parish, one of the oldest parishes in the Vietnamese Catholic Church, established around 1630, shortly after Hoi An Parish. Located 40 km southwest of Da Nang, Tra Kieu Parish, also known as the Tra Kieu Marian Center, is an important pilgrimage … Read More
CYCLING ALONE IS REALLY EXCITING Riding a bike with friends is fun, but cycling alone amidst vast mountains and forests has its own unique charm—it’s like listening to your inner voice, facing yourself, and understanding who you truly are. Pedaling solo on deserted roads, with not a soul in sight, brings an unusual mix of emotions: a touch of excitement, a hint of melancholy, a … Read More
EXPLORING THE SPLENDOR OF THE DON CA ARCH BRIDGE AT HAI VAN PASS Golden sunlight spills across The Don Ca Bridge’s timeless arch, Its classic curve draped in moss— A patina of days long passed. Along the legendary Hai Van Pass, you might casually glimpse, tucked beneath the northern foothills where the pass meets the sea, a classic-style bridge built by the French over a hundred years ago—the Don Ca Arch Bridge. Situated … Read More
ENJOYING TẾT IN TÂY GIANG* ENJOYING TẾT IN TÂY GIANG* On Tet morning, I woke up beside a long-extinguished stove, and through the window, darkness still reigned except for a faint light from the small electric lamp atop the flagpole at Pơloong Plênh’s house. The incessant chorus of croaking frogs filled the air. Last night, two of my companions had been drinking with some Cơtu … Read More
BOOM BOOM ROCK More than 50 years have passed since the Americans withdrew from Monkey Mountain (the Son Tra Peninsula, Da Nang, Vietnam). The landscape has changed dramatically, and hardly anyone remembers Boom Boom Rock anymore—or if they do, they assume it no longer exists. Yet, Boom Boom Rock still stands there in perfect condition, hidden amid dense foliage, as if silently waiting … Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 28 Mar 2025 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft required? 2. Clarification on the role of a Nominated Bank: If an LC is available with Bank A for negotiation, how should the nominated bank be …
GHÉ THĂM QUÁN MÍT HÔNG BÀ NAM – KÝ ỨC VỀ MỘT MÓN QUÊ 28 Mar 2025 Bốn năm trước, trong chuyến đạp xe đến Tam Kỳ để thưởng thức món mít hông trứ danh, tôi có dịp ghé quán của bà Nam. Khi ấy, tôi ngồi trò chuyện cùng bà và các cô con gái về món ăn vặt dân dã của xứ Quảng. Câu chuyện thú vị đến mức, về nhà, tôi còn viết một …
QUESTION REGARDING DOCUMENT PRESENTATION AFTER LC EXPIRY 27 Mar 2025 QUESTION Dear Mr. Old Man, I have a question regarding the presentation of documents after the expiration of an LC, as follows: • Date and Place of Expiry: April 18, 2025, in Vietnam • Latest Shipment Date: March 30, 2025 • Estimated Time of Departure: April 21, 2025 Given this schedule, I advised the beneficiary to request an amendment from …
CHATTOGRAM VS CHITTAGONG 26 Mar 2025 QUESTION Hi Sir, Short question. LC states “Chattogram seaport” as the place of delivery while BL presented states “Chittagong”. Both names are the same in Bangladeshi. Chattogram = Chittagong. Is this a discrepancy? Best regards, Pocholo Jose Lim — ANSWER Hi, Yes, Chittagong and Chattogram are the same. It is explained that Chittagong is officially called “Chattogram” because “Chattogram” is …
CHECK-IN AT GIANT TURTLE ROCK 26 Mar 2025 Along the celestial road that winds through Hai Van Pass, travelers can pause at various spots to marvel at the majestic pass—once honored by Emperor Minh Mang as “The world’s most majestic pass”. Among these stops, one place stands out: Giant Turtle Rock. About 6 km from the foot of Hai Van Pass, a row of hillside cafés clings precariously …
CYCLING TO VISIT TRA KIEU PARISH 25 Mar 2025 It was a beautiful day when I set out on an 80 km cycling trip to visit Tra Kieu Parish, one of the oldest parishes in the Vietnamese Catholic Church, established around 1630, shortly after Hoi An Parish. Located 40 km southwest of Da Nang, Tra Kieu Parish, also known as the Tra Kieu Marian Center, is an important pilgrimage …
CYCLING ALONE IS REALLY EXCITING 25 Mar 2025 Riding a bike with friends is fun, but cycling alone amidst vast mountains and forests has its own unique charm—it’s like listening to your inner voice, facing yourself, and understanding who you truly are. Pedaling solo on deserted roads, with not a soul in sight, brings an unusual mix of emotions: a touch of excitement, a hint of melancholy, a …
EXPLORING THE SPLENDOR OF THE DON CA ARCH BRIDGE AT HAI VAN PASS 25 Mar 2025 Golden sunlight spills across The Don Ca Bridge’s timeless arch, Its classic curve draped in moss— A patina of days long passed. Along the legendary Hai Van Pass, you might casually glimpse, tucked beneath the northern foothills where the pass meets the sea, a classic-style bridge built by the French over a hundred years ago—the Don Ca Arch Bridge. Situated …
ENJOYING TẾT IN TÂY GIANG* 24 Mar 2025 ENJOYING TẾT IN TÂY GIANG* On Tet morning, I woke up beside a long-extinguished stove, and through the window, darkness still reigned except for a faint light from the small electric lamp atop the flagpole at Pơloong Plênh’s house. The incessant chorus of croaking frogs filled the air. Last night, two of my companions had been drinking with some Cơtu …
BOOM BOOM ROCK 24 Mar 2025 More than 50 years have passed since the Americans withdrew from Monkey Mountain (the Son Tra Peninsula, Da Nang, Vietnam). The landscape has changed dramatically, and hardly anyone remembers Boom Boom Rock anymore—or if they do, they assume it no longer exists. Yet, Boom Boom Rock still stands there in perfect condition, hidden amid dense foliage, as if silently waiting …
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More
Articles DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft r… Read More