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 Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
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 …
ARRIVAL ADVISING REPORT 4 Mar 2010 QUERY FROM NGUYEN LOAN Field 47A (Additional Conditions) of MT 700 stated: "Payment will be effected against documents with no discrepancies and the arrival advising report from shipping company which expiry date is as same as that of this L/C." Em muốn hỏi Mr là "arrival advising report" là loại chứng từ gì? ———————————- ANSWER FROM MR. OLD MANFrom: Nguyen …
ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED 4 Mar 2010 QUESTION Hello, I need help. Can someone tell me if it is posible to had a confirmation by another bank to an already confirmed LC? (both open confirmations)? Thank you in advance. Regards, Emsequeira ———– ANSWER Dear Emsequeira, Anything is likely possible. I would like to give an assumption to evidence that a double confirmation is quite possible. Let’s assume …
Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An Tower. Located just 27 km from Đà Nẵng, 14 km from the ancient town of Hội An, and only 1.2 km off the national highway, … Read More
CAN DECIMALS ON AN INVOICE AND DRAFT BE ROUNDED ? QUESTION Dear Sir How are you doing? If we show a round off figure of $625,000.00 instead of $ 625,000.05, Will it be a Discrepancy. The calculation is as below. Unit Price: USD 41,666.67 Qty: 15 Total = USD 41,666.67 x 15 = USD 625,000.05 But, if we show $ 625,000.00 in the Invoice and Draft, Will it be a … Read More
WHY TRANSSHIPMENT IS ALLOWED FOR GOODS SHIPPED IN A CONTAINER, TRAILER, OR LASH BARGE QUESTION Hello Sir, I hope you are doing well. Sir, I have a query that I hope you can help me with. Sub-article 20 (c) (ii) of UCP 600 allows transshipment if goods are shipped in a container, trailer, or LASH barge. Why is transshipment permitted in these cases? Regards, Ahtisham Ali ————– ANSWER Hello, In my understanding, it is … Read More
Một thời để nhớ Ngày 30/4/2025 đánh dấu cột mốc 50 năm thành lập Vietcombank Đà Nẵng (30/4/1975 – 30/4/2025) – không chỉ là dấu ấn lịch sử của một chi nhánh đặc biệt, mà còn là dịp ý nghĩa với Mr. Old Man, người đã gắn bó suốt 30 năm cho đến khi nghỉ hưu vào năm 2021. Trong buổi lễ trang trọng … Read More
GUIDANCE ON HANDLING A NOMINATED BANK’S DEFAULT QUESTION Dear Mr. Old Man, I need your guidance in the following scenario: If a Nominated Bank has incurred its deferred payment undertaking or has accepted a draft drawn on it but fails to honour at maturity, then what options does the beneficiary have? Please clarify. Regards, Siva Prasad —— ANSWER Hi Siva, According to UCP 600 sub-article 7 (a) (iii) and … Read More
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
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An Tower. Located just 27 km from Đà Nẵng, 14 km from the ancient town of Hội An, and only 1.2 km off the national highway, … Read More
CAN DECIMALS ON AN INVOICE AND DRAFT BE ROUNDED ? QUESTION Dear Sir How are you doing? If we show a round off figure of $625,000.00 instead of $ 625,000.05, Will it be a Discrepancy. The calculation is as below. Unit Price: USD 41,666.67 Qty: 15 Total = USD 41,666.67 x 15 = USD 625,000.05 But, if we show $ 625,000.00 in the Invoice and Draft, Will it be a … Read More
WHY TRANSSHIPMENT IS ALLOWED FOR GOODS SHIPPED IN A CONTAINER, TRAILER, OR LASH BARGE QUESTION Hello Sir, I hope you are doing well. Sir, I have a query that I hope you can help me with. Sub-article 20 (c) (ii) of UCP 600 allows transshipment if goods are shipped in a container, trailer, or LASH barge. Why is transshipment permitted in these cases? Regards, Ahtisham Ali ————– ANSWER Hello, In my understanding, it is … Read More
Một thời để nhớ Ngày 30/4/2025 đánh dấu cột mốc 50 năm thành lập Vietcombank Đà Nẵng (30/4/1975 – 30/4/2025) – không chỉ là dấu ấn lịch sử của một chi nhánh đặc biệt, mà còn là dịp ý nghĩa với Mr. Old Man, người đã gắn bó suốt 30 năm cho đến khi nghỉ hưu vào năm 2021. Trong buổi lễ trang trọng … Read More
GUIDANCE ON HANDLING A NOMINATED BANK’S DEFAULT QUESTION Dear Mr. Old Man, I need your guidance in the following scenario: If a Nominated Bank has incurred its deferred payment undertaking or has accepted a draft drawn on it but fails to honour at maturity, then what options does the beneficiary have? Please clarify. Regards, Siva Prasad —— ANSWER Hi Siva, According to UCP 600 sub-article 7 (a) (iii) and … Read More
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
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Discover the Unique Charm of the Ancient Bằng An Tower 15 Apr 2025 Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An Tower. Located just 27 km from Đà Nẵng, 14 km from the ancient town of Hội An, and only 1.2 km off the national highway, …
CAN DECIMALS ON AN INVOICE AND DRAFT BE ROUNDED ? 15 Apr 2025 QUESTION Dear Sir How are you doing? If we show a round off figure of $625,000.00 instead of $ 625,000.05, Will it be a Discrepancy. The calculation is as below. Unit Price: USD 41,666.67 Qty: 15 Total = USD 41,666.67 x 15 = USD 625,000.05 But, if we show $ 625,000.00 in the Invoice and Draft, Will it be a …
WHY TRANSSHIPMENT IS ALLOWED FOR GOODS SHIPPED IN A CONTAINER, TRAILER, OR LASH BARGE 14 Apr 2025 QUESTION Hello Sir, I hope you are doing well. Sir, I have a query that I hope you can help me with. Sub-article 20 (c) (ii) of UCP 600 allows transshipment if goods are shipped in a container, trailer, or LASH barge. Why is transshipment permitted in these cases? Regards, Ahtisham Ali ————– ANSWER Hello, In my understanding, it is …
Một thời để nhớ 14 Apr 2025 Ngày 30/4/2025 đánh dấu cột mốc 50 năm thành lập Vietcombank Đà Nẵng (30/4/1975 – 30/4/2025) – không chỉ là dấu ấn lịch sử của một chi nhánh đặc biệt, mà còn là dịp ý nghĩa với Mr. Old Man, người đã gắn bó suốt 30 năm cho đến khi nghỉ hưu vào năm 2021. Trong buổi lễ trang trọng …
GUIDANCE ON HANDLING A NOMINATED BANK’S DEFAULT 12 Apr 2025 QUESTION Dear Mr. Old Man, I need your guidance in the following scenario: If a Nominated Bank has incurred its deferred payment undertaking or has accepted a draft drawn on it but fails to honour at maturity, then what options does the beneficiary have? Please clarify. Regards, Siva Prasad —— ANSWER Hi Siva, According to UCP 600 sub-article 7 (a) (iii) and …
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, …
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More
Articles Discover the Unique Charm of the Ancient Bằng An Tower Tucked away in the quiet village of Bằng An—now part of Điện An Ward, Điện Bàn Town, Quảng Nam Province—stands one of the few surviving ancient towers of the once-mighty Champa Kingdom: the Bằng An To… Read More