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 HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CAN A COURT INJUNCTION PREVENT A BANK FROM EFFECTING ITS PAYMENT OBLIGATION UNDER LC? 5 Mar 2010 QUERY Ngân hàng được chỉ định thực hiện chiết khấu và gửi chứng từ đến ngân hàng phát hành để được hoàn trả. Tuy nhiên, ngân hàng phát hành viện cớ có lệnh phong tỏa từ Tòa án nên không thanh toán (hoặc chỉ thanh toán một phần trị giá bộ chứng từ). Hành động của NHPH trong trường hợp …
CAN A COURT INJUNCTION PREVENT A BANK FROM EFFECTING ITS PAYMENT OBLIGATION UNDER LC? 5 Mar 2010 QUERY Ngân hàng được chỉ định thực hiện chiết khấu và gửi chứng từ đến ngân hàng phát hành để được hoàn trả. Tuy nhiên, ngân hàng phát hành viện cớ có lệnh phong tỏa từ Tòa án nên không thanh toán (hoặc chỉ thanh toán một phần trị giá bộ chứng từ). Hành động của NHPH trong trường hợp …
BILL OF LADING NOT INDICATING THE ISSUANCE DATE 5 Mar 2010 QUERY Nếu vận đơn không có ngày phát hành mà chỉ có ngày on board thì có bất hợp lệ hay không? Nếu không thì đoạn 13 ISBP sẽ được hiểu như thế nào? Điều 20 (a) (ii) có quy định “ngày phát hành vận đơn sẽ được xem là ngày giao hàng trừ khi…” thì có nên hiểu ngược …
BILL OF LADING DATE 5 Mar 2010 QUERY Phan biet Bill of Lading date voi Issuing date of B/L voi Shipment date.Em khong ro lam ve Bill of lading date la ngay gi. Co phai la ngay ma ben chuyen cho nhan hang khong a? ANSWER Hi, Nếu một vận đơn có in sẵn cụm từ “Đã xếp hàng lên tàu” (shipped on board) được xuất trình …
COURIER RECEIPT 5 Mar 2010 QUERY ON COURIER RECEIPT Tue, 11/11/2008 – 01:56 — dandvdaly We are the ben. for an LC (UPC latest version) that we presented to issuing bank. Issuing bank has claimed discepancy for : "not presenting original of courier receipt" showing that one set of shipping docs have been sent to applicant. LC does not state "original" courier receipt. It simply …
CAN THE ISSUING BANK REJECT A REQUEST FOR AN AMENDMENT? 5 Mar 2010 QUERY Ngân hàng phát hành có được phép từ chối yêu cầu tu chỉnh của người mở LC trong trường hợp:+ LC hết hiệu lực+ Sau ngày giao hàng ————————– ANSWER FROM MR. OLD MAN Có. Theo Điều 10 (a), một LC không thể tu chỉnh mà không có sự đồng ý của ngân hàng phát hành, ngân hàng xác …
HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we received two proforma invoices indicating a unit price of USD 80.620 per barrel. Subsequently, the customer requested an increase in the L/C amount. … Read More
Exploring Ky Anh Tunnels by Bicycle: A Journey Through History Just 7 kilometers northeast of Tam Ky City and about 75 kilometers from Da Nang via the coastal route lies one of Vietnam’s lesser-known but profoundly significant historical landmarks: the Ky Anh Tunnels. Once part of Ky Anh Commune (now Tam Thang Commune), this site ranks among the three largest tunnel networks in Vietnam, alongside the famous Cu Chi Tunnels … Read More
The Unique Charm of the Da Nang Museum of Cham Sculpture By Mr. Old Man, 10/2021 Located at No. 2, 2-9 Street, Hai Chau District, Da Nang City, the Museum of Cham Sculpture is home to the largest and most comprehensive collection of Cham sculpture in Vietnam. The artifacts on display here represent the artistic heritage of the ancient Champa Kingdom and have been unearthed from various coastal provinces of Central … Read More
WHEN THE NOTIFY PARTY’S ADDRESS DIFFERS FROM THE APPLICANT’S ADDRESS QUESTION Dear Sir, Good day! I have one Doubt. L/C shows Field 50 (Applicant) as below: EAST AFRICAN PHARMACEUTICALS PLC ST. ST. SALITMEHERET CHURCH ROAD, NEAR TO JACROSHOUSING COMPOUND ROBERA COFFEE FACTORY TEL: +251116461456/57 TIN 0000034121 Whereas The AWB Clause shows as below: SIGNED AND STAMPED ORIGINAL AIRWAY BILL PLUS ONE COPY MARKED FREIGHT (PREPAID) ISSUED IN THE NAME OF … Read More
World Leaders on Two Wheels: The Politicians Who Love Biking When you think of world leaders, images of formal suits, summits, and speeches probably come to mind. But behind the podium, some politicians are swapping motorcades for mountain bikes. From American presidents to European monarchs, cycling has long been a favorite pastime of many global figures. Joe Biden: Pedaling Through Politics Joe Biden, the 46th President of the United States, … Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS QUESTION Hi Mr. Old Man, How are you? Hope this email finds you well. I need your kind support in understanding UCP 600 ARTICLE 11. Please share any case studies or opinions shared by you for this Article. Regards Siva Prasad —- ANSWER Hi Siva, In fact, the provision in Article 11 of UCP 600 is very clear. If you read it carefully, you … Read More
THE STORY BEHIND THE STATUE OF MOTHER ÂU CƠ AT EAST SEA PARK By Mr. Old Man, October 2021 A Mysterious Presence by the Sea Right at the heart of East Sea Park in Đà Nẵng—where Hoàng Sa Street intersects with Phạm Văn Đồng Street—stands a striking white stone sculpture. It depicts two full, round breasts cradling a large egg, mounted on a tall black granite pedestal that rises above head height. Curiously, … Read More
THE ROAD TO GIENG TROI – A JOURNEY OF TEARS AND TRIUMPH By Mr. Old Man Tucked away in the rugged northwest corner of the Ba Na – Nui Chua Nature Reserve, Gieng Troi (literally “The Well of Heaven”) remains one of Da Nang’s best-kept secrets. Its remote location and difficult terrain have kept it largely untouched, preserving its wild, mystical beauty. In recent years, however, it has become a coveted destination … Read More
Discover the Timeless Beauty of Chien Dan Ancient Towers Nestled in the heart of Quang Nam province, Chien Dan Towers stand as a majestic symbol of the ancient Champa Kingdom. Located in Chien Dan Village, Tam An Commune, Tam Ky City, these towers are not only historical landmarks but also captivating sites for culture and architecture enthusiasts. A Journey Back to the Champa Era Built between the late 10th … Read More
EXPLORING KHE RAM “Who travels to Khe Ram Who passes by An Dinh Who returns to Hoi Yen…” Located about 25 kilometers west of Da Nang, Khe Ram is nestled in An Dinh hamlet, Hoa Bac commune, Hoa Vang district. Recently, it’s been featured on several travel websites as an exciting check-in spot for adventure lovers and nature seekers eager to explore the … Read More
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we received two proforma invoices indicating a unit price of USD 80.620 per barrel. Subsequently, the customer requested an increase in the L/C amount. … Read More
Exploring Ky Anh Tunnels by Bicycle: A Journey Through History Just 7 kilometers northeast of Tam Ky City and about 75 kilometers from Da Nang via the coastal route lies one of Vietnam’s lesser-known but profoundly significant historical landmarks: the Ky Anh Tunnels. Once part of Ky Anh Commune (now Tam Thang Commune), this site ranks among the three largest tunnel networks in Vietnam, alongside the famous Cu Chi Tunnels … Read More
The Unique Charm of the Da Nang Museum of Cham Sculpture By Mr. Old Man, 10/2021 Located at No. 2, 2-9 Street, Hai Chau District, Da Nang City, the Museum of Cham Sculpture is home to the largest and most comprehensive collection of Cham sculpture in Vietnam. The artifacts on display here represent the artistic heritage of the ancient Champa Kingdom and have been unearthed from various coastal provinces of Central … Read More
WHEN THE NOTIFY PARTY’S ADDRESS DIFFERS FROM THE APPLICANT’S ADDRESS QUESTION Dear Sir, Good day! I have one Doubt. L/C shows Field 50 (Applicant) as below: EAST AFRICAN PHARMACEUTICALS PLC ST. ST. SALITMEHERET CHURCH ROAD, NEAR TO JACROSHOUSING COMPOUND ROBERA COFFEE FACTORY TEL: +251116461456/57 TIN 0000034121 Whereas The AWB Clause shows as below: SIGNED AND STAMPED ORIGINAL AIRWAY BILL PLUS ONE COPY MARKED FREIGHT (PREPAID) ISSUED IN THE NAME OF … Read More
World Leaders on Two Wheels: The Politicians Who Love Biking When you think of world leaders, images of formal suits, summits, and speeches probably come to mind. But behind the podium, some politicians are swapping motorcades for mountain bikes. From American presidents to European monarchs, cycling has long been a favorite pastime of many global figures. Joe Biden: Pedaling Through Politics Joe Biden, the 46th President of the United States, … Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS QUESTION Hi Mr. Old Man, How are you? Hope this email finds you well. I need your kind support in understanding UCP 600 ARTICLE 11. Please share any case studies or opinions shared by you for this Article. Regards Siva Prasad —- ANSWER Hi Siva, In fact, the provision in Article 11 of UCP 600 is very clear. If you read it carefully, you … Read More
THE STORY BEHIND THE STATUE OF MOTHER ÂU CƠ AT EAST SEA PARK By Mr. Old Man, October 2021 A Mysterious Presence by the Sea Right at the heart of East Sea Park in Đà Nẵng—where Hoàng Sa Street intersects with Phạm Văn Đồng Street—stands a striking white stone sculpture. It depicts two full, round breasts cradling a large egg, mounted on a tall black granite pedestal that rises above head height. Curiously, … Read More
THE ROAD TO GIENG TROI – A JOURNEY OF TEARS AND TRIUMPH By Mr. Old Man Tucked away in the rugged northwest corner of the Ba Na – Nui Chua Nature Reserve, Gieng Troi (literally “The Well of Heaven”) remains one of Da Nang’s best-kept secrets. Its remote location and difficult terrain have kept it largely untouched, preserving its wild, mystical beauty. In recent years, however, it has become a coveted destination … Read More
Discover the Timeless Beauty of Chien Dan Ancient Towers Nestled in the heart of Quang Nam province, Chien Dan Towers stand as a majestic symbol of the ancient Champa Kingdom. Located in Chien Dan Village, Tam An Commune, Tam Ky City, these towers are not only historical landmarks but also captivating sites for culture and architecture enthusiasts. A Journey Back to the Champa Era Built between the late 10th … Read More
EXPLORING KHE RAM “Who travels to Khe Ram Who passes by An Dinh Who returns to Hoi Yen…” Located about 25 kilometers west of Da Nang, Khe Ram is nestled in An Dinh hamlet, Hoa Bac commune, Hoa Vang district. Recently, it’s been featured on several travel websites as an exciting check-in spot for adventure lovers and nature seekers eager to explore the … Read More
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS 11 Apr 2025 QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we received two proforma invoices indicating a unit price of USD 80.620 per barrel. Subsequently, the customer requested an increase in the L/C amount. …
Exploring Ky Anh Tunnels by Bicycle: A Journey Through History 11 Apr 2025 Just 7 kilometers northeast of Tam Ky City and about 75 kilometers from Da Nang via the coastal route lies one of Vietnam’s lesser-known but profoundly significant historical landmarks: the Ky Anh Tunnels. Once part of Ky Anh Commune (now Tam Thang Commune), this site ranks among the three largest tunnel networks in Vietnam, alongside the famous Cu Chi Tunnels …
The Unique Charm of the Da Nang Museum of Cham Sculpture 10 Apr 2025 By Mr. Old Man, 10/2021 Located at No. 2, 2-9 Street, Hai Chau District, Da Nang City, the Museum of Cham Sculpture is home to the largest and most comprehensive collection of Cham sculpture in Vietnam. The artifacts on display here represent the artistic heritage of the ancient Champa Kingdom and have been unearthed from various coastal provinces of Central …
WHEN THE NOTIFY PARTY’S ADDRESS DIFFERS FROM THE APPLICANT’S ADDRESS 10 Apr 2025 QUESTION Dear Sir, Good day! I have one Doubt. L/C shows Field 50 (Applicant) as below: EAST AFRICAN PHARMACEUTICALS PLC ST. ST. SALITMEHERET CHURCH ROAD, NEAR TO JACROSHOUSING COMPOUND ROBERA COFFEE FACTORY TEL: +251116461456/57 TIN 0000034121 Whereas The AWB Clause shows as below: SIGNED AND STAMPED ORIGINAL AIRWAY BILL PLUS ONE COPY MARKED FREIGHT (PREPAID) ISSUED IN THE NAME OF …
World Leaders on Two Wheels: The Politicians Who Love Biking 10 Apr 2025 When you think of world leaders, images of formal suits, summits, and speeches probably come to mind. But behind the podium, some politicians are swapping motorcades for mountain bikes. From American presidents to European monarchs, cycling has long been a favorite pastime of many global figures. Joe Biden: Pedaling Through Politics Joe Biden, the 46th President of the United States, …
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS 8 Apr 2025 QUESTION Hi Mr. Old Man, How are you? Hope this email finds you well. I need your kind support in understanding UCP 600 ARTICLE 11. Please share any case studies or opinions shared by you for this Article. Regards Siva Prasad —- ANSWER Hi Siva, In fact, the provision in Article 11 of UCP 600 is very clear. If you read it carefully, you …
THE STORY BEHIND THE STATUE OF MOTHER ÂU CƠ AT EAST SEA PARK 7 Apr 2025 By Mr. Old Man, October 2021 A Mysterious Presence by the Sea Right at the heart of East Sea Park in Đà Nẵng—where Hoàng Sa Street intersects with Phạm Văn Đồng Street—stands a striking white stone sculpture. It depicts two full, round breasts cradling a large egg, mounted on a tall black granite pedestal that rises above head height. Curiously, …
THE ROAD TO GIENG TROI – A JOURNEY OF TEARS AND TRIUMPH 7 Apr 2025 By Mr. Old Man Tucked away in the rugged northwest corner of the Ba Na – Nui Chua Nature Reserve, Gieng Troi (literally “The Well of Heaven”) remains one of Da Nang’s best-kept secrets. Its remote location and difficult terrain have kept it largely untouched, preserving its wild, mystical beauty. In recent years, however, it has become a coveted destination …
Discover the Timeless Beauty of Chien Dan Ancient Towers 7 Apr 2025 Nestled in the heart of Quang Nam province, Chien Dan Towers stand as a majestic symbol of the ancient Champa Kingdom. Located in Chien Dan Village, Tam An Commune, Tam Ky City, these towers are not only historical landmarks but also captivating sites for culture and architecture enthusiasts. A Journey Back to the Champa Era Built between the late 10th …
EXPLORING KHE RAM 6 Apr 2025 “Who travels to Khe Ram Who passes by An Dinh Who returns to Hoi Yen…” Located about 25 kilometers west of Da Nang, Khe Ram is nestled in An Dinh hamlet, Hoa Bac commune, Hoa Vang district. Recently, it’s been featured on several travel websites as an exciting check-in spot for adventure lovers and nature seekers eager to explore the …
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS
Mr Old Man HANDLING UNIT PRICE CHANGES IN CRUDE OIL L/C AMENDMENTS QUESTION Dear Sir, I hope this message finds you well. I would like to seek your guidance regarding the handling of amendments to a Crude Oil Letter of Credit (L/C). At the time of L/C issuance, we re… Read More
CLARIFICATION OF UCP 600 ARTICLE 11 WITH REGARD TO TELETRANSMITTED & PRE-ADVISED LETTERS OF CREDIT & AMENTMENDS