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 Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
“Optional” but Essential? Understanding Fields 45A and 46A in MT700 5 Mar 2026 In SWIFT MT700, Fields 45A (Description of Goods and/or Services) and 46A (Documents Required) are classified as optional. For many practitioners, this raises an immediate question: If these two fields define what is being sold and what documents must be presented, how can they possibly be optional? A recent question from a colleague highlights this apparent contradiction. Question Hi, A …
Nhớ Sếp Lộ – từ một lá thư 15 năm trước 5 Mar 2026 Sáng hôm qua, khi chia sẻ bài viết về buổi gặp mặt đầu xuân theo lời mời của Ban Giám đốc Vietcombank Đà Nẵng, Mr. Old Man có đăng lại một tấm ảnh chụp chung với các sếp tại lễ kỷ niệm 50 năm ngày thành lập Vietcombank Đà Nẵng (30.4.1975 – 30.4.2025). Trong tấm ảnh ấy có Sếp Nguyễn …
Same Company Name, Different Address as Notify Party: Does It Create a Discrepancy? 4 Mar 2026 Introduction Questions frequently arise when the same company name appears in different capacities within a documentary credit transaction — particularly where the address differs. Does a difference in address automatically create a conflict under UCP 600? Or must such differences be assessed in light of the document’s role and the credit’s requirements? The following case illustrates this issue. ____ Question …
Một buổi sáng đầu xuân vui vẻ với BGĐ Vietcombank Đà Nẵng 4 Mar 2026 Sáng nay Mr. Old Man rất vui đến dự buổi gặp mặt đầu xuân theo lời mời của Ban Giám đốc Vietcombank Đà Nẵng. Buổi gặp mặt đầu năm Xuân Bính Ngọ có mấy điều để vui. Một là, Mr. Old Man được gặp lại hầu như đầy đủ các sếp cũ từ hơn ba năm trước và ai trông …
Commercial Invoice Showing Notify Parties and Consignee: Discrepancy or Not? 3 Mar 2026 Introduction In practice, disputes often arise when applicants request additional details to be inserted in the commercial invoice — even though the credit itself does not expressly require such information. The following question concerns whether the inclusion of notify parties and consignee details in a commercial invoice may create a discrepancy, and whether a special clause relating to the beneficiary …
Restricted UPAS LC: Can the Issuing Bank Refuse If Documents Bypass the Discounting Bank? 3 Mar 2026 Introduction UPAS LCs (Usance Payable at Sight) are widely used to combine supplier liquidity with buyer credit terms. However, operational questions often arise when the credit is restricted to a nominated (discounting) bank, but the beneficiary presents documents directly to the issuing bank instead. Does bypassing the restricted bank create a discrepancy? Can the issuing bank refuse the documents on …
Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui của các cô chú là để tăng sức đề kháng, giảm đau lưng, đau chân, … Read More
Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On … Read More
Does Field 39A Cover Quantity Tolerance? A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would … Read More
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides … Read More
Đừng để “ngoại ngữ” thành… “ngại ngữ” Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP … Read More
GROWING OLD: WHO WILL TAKE CARE OF US? Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support … Read More
American Retirement, Vietnamese Retirement While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having … Read More
If Only a U70 Brain Had an “Upgrade Storage” Button One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are … Read More
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui của các cô chú là để tăng sức đề kháng, giảm đau lưng, đau chân, … Read More
Can an Issuing Bank Advise an LC Directly to the Beneficiary? One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On … Read More
Does Field 39A Cover Quantity Tolerance? A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would … Read More
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides … Read More
Đừng để “ngoại ngữ” thành… “ngại ngữ” Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP … Read More
GROWING OLD: WHO WILL TAKE CARE OF US? Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support … Read More
American Retirement, Vietnamese Retirement While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having … Read More
If Only a U70 Brain Had an “Upgrade Storage” Button One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are … Read More
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Tắm Vitamin D (phần 2): Thay đổi quan điểm 5 Jun 2026 Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui của các cô chú là để tăng sức đề kháng, giảm đau lưng, đau chân, …
Can an Issuing Bank Advise an LC Directly to the Beneficiary? 4 Jun 2026 One of the fundamental safeguards in documentary credits is the authentication process performed by an advising bank. But what happens if an issuing bank sends the LC directly to the beneficiary without involving an advising bank? Is this permissible under UCP 600, and what risks should the parties consider? Let’s look at a question from Gerson Mário. Question Dear Mr. …
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? 3 Jun 2026 In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On …
Does Field 39A Cover Quantity Tolerance? 3 Jun 2026 A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would …
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? 3 Jun 2026 One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides …
Đừng để “ngoại ngữ” thành… “ngại ngữ” 3 Jun 2026 Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. …
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? 3 Jun 2026 Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP …
GROWING OLD: WHO WILL TAKE CARE OF US? 2 Jun 2026 Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support …
American Retirement, Vietnamese Retirement 2 Jun 2026 While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having …
If Only a U70 Brain Had an “Upgrade Storage” Button 2 Jun 2026 One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are …
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Articles Tắm Vitamin D (phần 2): Thay đổi quan điểm Hồi đầu tháng 5, Mr. Old Man từng viết bài “Tắm Vitamin D”, kể lại cảnh buổi sáng ở bãi biển Thanh Khê có nhiều cô chú lớn tuổi vùi mình dưới cát, nằm phơi nắng để “nạp Vitamin D” – theo cách nói vui … Read More
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?