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
BACK TO BACK L/C 5 Mar 2010 QUERY FROM Huong Vu Sent To: Mr. Old Man Thanh toan nhap khau hang khong ve vietnam Hi Anh Duc, Em nho anh tu van mot case nay: ngan hang em mo l/c nhap khau xang cho mot cong ty dau khi. hang duoc van chuyen tu nuoc A ve nuoc B khong ve vietnam vi cong ty nay se …
BANK ADVANCES AGAINST EXPORT COLLECTION BILLS 5 Mar 2010 QUERY FROM NOVEMBER 11 Draft negotiation under D/P D/A Chào anh Em muốn hỏi trong trường hợp chiết khấu bộ chứng từ xuất theo phương thức nhờ thu thì ngân hàng chiết khấu thường yêu cầu 3/3 B/L qua ngân hàng hoặc B/L lập theo lệnh của ngân hàng chiết khấu (có đúng không ạ?)Trong trường hợp B/L được lập …
AVAILABILITY UNDER TRANSFERRED LC 5 Mar 2010 QUERY FROM <[email protected]> Hi a Duc,Rat vui khi duoc biet a, e search cac van de ve LC tren qooqle thi biet dc bloq cua a.E thay nhunq bai viet cua a rat hay va bo ich cho nhunq nquoi lam ttqt. E co van de nay muon hoi a chut dc k a.E co 1 LC : Irrevocable Transferrable– …
ADVISING LC WITHOUT ADDING CONFIRMATION 4 Mar 2010 QUERYBy Dholat on Thu Feb 05, 2009 11:36 pm We issued an LC and request a bank in Germany to confirm it. The bank however refused to confirm and sent us a swift to this effect. On the same day we received another swift which says that they have advised the credit without confirming it. Later we negotiated with another …
ARTICLE 18 (b) WHEN THE INVOICE AMOUNT IN EXCESS OF THAT PERMITTED BY LC 4 Mar 2010 QUERY FROM PENGUINSent To: Mr. Old Man RE: Điều 18b UCP600 Chào anh, Anh có thể giải thích ý nghĩa của điều 18b-UCP600 giúp em được không ạ?Cám ơn anh nhiều ạ———————— COMMENT FROM MR. OLD MAN Chào bạn, Cám ơn bạn đã hỏi ý kiến Mr. Old Man. Mr. Old Man xin trả lời câu hỏi của bạn như …
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