June 16, 2026
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Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

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    Steve Jobs, Stevie Wonder, Lionel Richie…???

    Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

    Cafedo – Văn hóa cà rà mới phê

    Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

    Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

  • Lifestyle

    Steve Jobs, Stevie Wonder, Lionel Richie…???

    Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

    Cafedo – Văn hóa cà rà mới phê

    Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

    Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

  • Discovery on the cycling road

    Tiếc cho chợ Nồi Rang, tiếc cho Hội An – Vẫn còn tiếc

    Nhớ Hòa Bắc…

    Lại gặp cụ khách hàng năm xửa năm xưa

    ĐÀN ÔNG VÀ PHỤ NỮ AI MẠNH HƠN?

    MR. OLD MAN CHƠI IRONMAN BẰNG… BÀN PHÍM

  • Q&A
  • Popular
3 New Articles
  • 10 hours ago NO BILL OF LADING, NO CONTROL?
  • 1 day ago Prepay vs. Purchase – Same Same but Different?
  • 2 days ago Steve Jobs, Stevie Wonder, Lionel Richie…???

For those who eat, sleep and breathe Letters of Credit

  • Mr Old Man Q&A

    D/P AT XXX DAYS AFTER BL DATE

    QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (D…

  • Payment

    QUESTIONS REGARDING BPO

    QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên…

  • Payment Q&A

    NEGOTIATION WITH OR WITHOUT RECOURSE

    QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clar…

  • Articles Q&A

    WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

    …

  • Uncategorized

    WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

    …

  • Mr Old Man Q&A

    WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

    …

  • Mr Old Man Q&A

    CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

    …

  • Mr Old Man Q&A

    CHANGING PAYMENT TERMS OF THE LC

    QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – I…

  • Mr Old Man Q&A

    AMOUNT OF COVER

    QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fab…

  • Mr Old Man Q&A

    LC WITH SPECIAL PAYMENT CONDITION

    QUESTION Our company is specialized in importing P-phones. Our policy is that the quality,…

  • Mr Old Man Q&A

    AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

    QUESTION LC states: – Special condition: Documents showing anycorrections without au…

  • Mr Old Man Payment Q&A

    LC CONFIRMED BY THE FIRST ADVISING BANK

    QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a questio…

  • Mr Old Man Q&A Uncategorized

    STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

    …

  • Uncategorized

    WHERE DOCUMENTS UNDER D/P ARE NOT PAID

    QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller sign…

  • Mr Old Man Q&A

    BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

    QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable?…

  • Articles Payment Q&A

    HOW TO GIVE NOTICE OF REFUSAL TO THE BENEFICIARY WHO HAS PRESENTED THE DOCUMENTS DIRECTLY TO THE ISSUING BANK?

    QUESTION Dear Mr. Old Man, I understand that sub-article 6 (a) UCP 600 allows the benefici…

  • Discovery on the cycling road Lifestyle Payment Q&A

    WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS

    Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to th…

  • Q&A

    DP COLLECTION

    QUESTION Sir, I want to know, if the documents on DP term are sent with clear instruction …

  • Mr Old Man Payment Q&A

    CAN A BANK REFER TO THE PROVISIONS OF ISBP IN ADDITION TO UCP WHEN CHECKING DOCUMENTS?

    QUESTION Dear Mr. Old Man, When the LC only indicates UCP 600 as governing rule but not IS…

  • Payment Q&A

    UCP 600 ARTICLES 30 AND 31

    QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứ…

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Q & A

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
21
147,931

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

UCP 600 ARTICLES 30 AND 31

March 16, 2010
129
35,571

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

July 31, 2018
5
33,526

TO ORDER BILL OF LADING AND ENDORSEMENT

March 6, 2010
61
32,095

LC CONFIRMED BY THE FIRST ADVISING BANK

September 15, 2013
9
31,420

Bank

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
Payment

UCP 600 ARTICLES 30 AND 31

By Mr Old Man
March 16, 2010
Mr Old Man

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

By Mr Old Man
July 31, 2018

Travel In Picture

Lifestyle

Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Recent Posts

WHEN TO RELEASE THE DOCUMENTS TO THE APPLICANT?

By Mr Old Man
in :  Uncategorized
3
2,401
25 Feb 2013


ON BOARD NOTATION 5

By Mr Old Man
in :  Uncategorized
2
3,113
21 Feb 2013


CALCULATION OF MATURITY DATE

By Mr Old Man
in :  Uncategorized
5
3,382
20 Feb 2013


Understanding Quantity Tolerance under UCP 600 Article 30(b): Practical Examples

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
8
5,183
16 Feb 2013

Intro Questions about quantity tolerance appear frequently in practice, especially when credits state quantities in different ways — by number, by packing units, or by weight and volume. Sub-article 30(b) of UCP 600 is straightforward in principle, but its application becomes clearer when seen through practical examples. ⸻ ✅ QUESTION Dear Mr. Old Man, I’ve found your answer concerning sub-article …


HAPPY LUNAR NEW YEAR

By Mr Old Man
in :  Uncategorized
0
2,369
8 Feb 2013


DP AT X DAYS FROM B/L DATE; CLEAN COLLECTIONS

By Mr Old Man
in :  Uncategorized
0
2,644
1 Feb 2013


1...264265266...360Page 265 of 360

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
in :  Mr Old Man, Payment, Q&A
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—to maintain a degree of control over the goods until payment is secured. But what happens when the sale is concluded on Ex Works (EXW) terms and the beneficiary insists that no Bill …

Read More

Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
6

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …

Read More

Steve Jobs, Stevie Wonder, Lionel Richie…???

By Mr Old Man
2 days ago
in :  Articles, Lifestyle, Mr Old Man
0
25

Thằng cháu thi tốt nghiệp THPT đọc đề rồi nghĩ mãi: “Steve Jobs là ai vậy ta?” Rồi trí nhớ nó bắt đầu hoạt động hết công suất. Để có nhiều Steve Jobs Việt Nam, trước hết cần phát triển âm nhạc… Nó còn lờ mờ nhớ có một bài hát nổi tiếng với câu mở đầu: “Hello. Is it …

Read More

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

By Mr Old Man
2 days ago
in :  Mr Old Man, Payment, Q&A
0
24

One of the most frequently misunderstood provisions in UCP 600 is the relationship between a deferred payment maturity date and the five banking days allowed for document examination under Article 14(b). What happens when documents arrive so late that the LC maturity date falls only a day or two after presentation? Must the issuing bank pay on the contractual due …

Read More

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

By Mr Old Man
2 days ago
in :  Articles, Lifestyle, Mr Old Man
0
12

The Japanese have a highly ritualized way of drinking tea that has been elevated into an art form known as Sadō or Chadō — the Way of Tea. To be honest, watching the whole performance of whisking tea, turning the bowl, raising the cup, bowing, and following a long list of rituals can feel exhausting. Mr. Old Man suspects that …

Read More

Cafedo – Văn hóa cà rà mới phê

By Mr Old Man
3 days ago
in :  Articles, Lifestyle, Mr Old Man
0
26

Người Nhật có kiểu uống trà cầu kỳ đến mức nâng lên thành một nghệ thuật gọi là Sadō hay Chadō – tức là Trà đạo. Thiệt tình, nhìn cách họ biểu diễn pha trà, xoay chén, nâng tách, cúi đầu… thấy mà mệt người. Mr. Old Man đồ rằng người Nhật hiện đại ngày nay chắc cũng chẳng còn …

Read More

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

By Mr Old Man
3 days ago
in :  Articles, Lifestyle, Mr Old Man
0
14

  Over coffee this morning, I shared a story with a friend about a group of elderly people who had lost substantial amounts of money to a vacation ownership scheme. Some lost tens of thousands of dollars. Others lost far more. One woman reportedly spent the equivalent of hundreds of thousands of dollars after being persuaded that her contracts would …

Read More

Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment
0
18

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …

Read More

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

By Mr Old Man
5 days ago
in :  Articles, Lifestyle, Mr Old Man
0
85

Sáng ngồi cà phê với ông bạn, nghe kể chuyện những cụ già bị “đào lửa” bằng chiêu bán hợp đồng kỳ nghỉ, Mr. Old Man thấy thương hơn là trách. Người mất ít thì một, hai tỷ. Người mất nhiều thì năm, bảy tỷ. Có cụ mất gần 20 tỷ. Nghe chưa hết câu chuyện, ông bạn đã phán …

Read More

24-11 là ngày chi mà được nghỉ?

By Mr Old Man
6 days ago
in :  Articles, Lifestyle, Mr Old Man
0
45

Nhìn cái mặt Mr. Old Man cười ngoác tới mang tai, chắc nhiều người tưởng vừa trúng Vietlott. Không phải. Lương hưu cũng chưa thấy tăng. Chỉ là sáng nay đọc báo thấy tin có thể sắp có thêm một ngày nghỉ lễ hưởng nguyên lương vào 24-11. Mừng thì có mừng, nhưng điều làm Mr. Old Man thắc mắc …

Read More
Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Cafedo – Văn hóa cà rà mới phê

3 days ago
0
26

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

3 days ago
0
14

Prepay vs. Purchase – Same Same but Different?

4 days ago
0
18

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

5 days ago
0
85

24-11 là ngày chi mà được nghỉ?

6 days ago
0
45
Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Cafedo – Văn hóa cà rà mới phê

3 days ago
0
26

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

3 days ago
0
14

Prepay vs. Purchase – Same Same but Different?

4 days ago
0
18

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

5 days ago
0
85

24-11 là ngày chi mà được nghỉ?

6 days ago
0
45

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
in :  Mr Old Man, Payment, Q&A
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—to maintain a degree of control over the goods until payment is secured. But what happens when the sale is concluded on Ex Works (EXW) terms and the beneficiary insists that no Bill …

Read More

Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
1 day ago
in :  Mr Old Man, Payment, Q&A
0
6

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …

Read More

Steve Jobs, Stevie Wonder, Lionel Richie…???

By Mr Old Man
2 days ago
in :  Articles, Lifestyle, Mr Old Man
0
25

Thằng cháu thi tốt nghiệp THPT đọc đề rồi nghĩ mãi: “Steve Jobs là ai vậy ta?” Rồi trí nhớ nó bắt đầu hoạt động hết công suất. Để có nhiều Steve Jobs Việt Nam, trước hết cần phát triển âm nhạc… Nó còn lờ mờ nhớ có một bài hát nổi tiếng với câu mở đầu: “Hello. Is it …

Read More

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

By Mr Old Man
2 days ago
in :  Mr Old Man, Payment, Q&A
0
24

One of the most frequently misunderstood provisions in UCP 600 is the relationship between a deferred payment maturity date and the five banking days allowed for document examination under Article 14(b). What happens when documents arrive so late that the LC maturity date falls only a day or two after presentation? Must the issuing bank pay on the contractual due …

Read More

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

By Mr Old Man
2 days ago
in :  Articles, Lifestyle, Mr Old Man
0
12

The Japanese have a highly ritualized way of drinking tea that has been elevated into an art form known as Sadō or Chadō — the Way of Tea. To be honest, watching the whole performance of whisking tea, turning the bowl, raising the cup, bowing, and following a long list of rituals can feel exhausting. Mr. Old Man suspects that …

Read More

Cafedo – Văn hóa cà rà mới phê

By Mr Old Man
3 days ago
in :  Articles, Lifestyle, Mr Old Man
0
26

Người Nhật có kiểu uống trà cầu kỳ đến mức nâng lên thành một nghệ thuật gọi là Sadō hay Chadō – tức là Trà đạo. Thiệt tình, nhìn cách họ biểu diễn pha trà, xoay chén, nâng tách, cúi đầu… thấy mà mệt người. Mr. Old Man đồ rằng người Nhật hiện đại ngày nay chắc cũng chẳng còn …

Read More

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

By Mr Old Man
3 days ago
in :  Articles, Lifestyle, Mr Old Man
0
14

  Over coffee this morning, I shared a story with a friend about a group of elderly people who had lost substantial amounts of money to a vacation ownership scheme. Some lost tens of thousands of dollars. Others lost far more. One woman reportedly spent the equivalent of hundreds of thousands of dollars after being persuaded that her contracts would …

Read More

Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment
0
18

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …

Read More

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

By Mr Old Man
5 days ago
in :  Articles, Lifestyle, Mr Old Man
0
85

Sáng ngồi cà phê với ông bạn, nghe kể chuyện những cụ già bị “đào lửa” bằng chiêu bán hợp đồng kỳ nghỉ, Mr. Old Man thấy thương hơn là trách. Người mất ít thì một, hai tỷ. Người mất nhiều thì năm, bảy tỷ. Có cụ mất gần 20 tỷ. Nghe chưa hết câu chuyện, ông bạn đã phán …

Read More

24-11 là ngày chi mà được nghỉ?

By Mr Old Man
6 days ago
in :  Articles, Lifestyle, Mr Old Man
0
45

Nhìn cái mặt Mr. Old Man cười ngoác tới mang tai, chắc nhiều người tưởng vừa trúng Vietlott. Không phải. Lương hưu cũng chưa thấy tăng. Chỉ là sáng nay đọc báo thấy tin có thể sắp có thêm một ngày nghỉ lễ hưởng nguyên lương vào 24-11. Mừng thì có mừng, nhưng điều làm Mr. Old Man thắc mắc …

Read More
Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Cafedo – Văn hóa cà rà mới phê

3 days ago
0
26

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

3 days ago
0
14

Prepay vs. Purchase – Same Same but Different?

4 days ago
0
18

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

5 days ago
0
85

24-11 là ngày chi mà được nghỉ?

6 days ago
0
45
Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Cafedo – Văn hóa cà rà mới phê

3 days ago
0
26

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

3 days ago
0
14

Prepay vs. Purchase – Same Same but Different?

4 days ago
0
18

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

5 days ago
0
85

24-11 là ngày chi mà được nghỉ?

6 days ago
0
45
Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Cafedo – Văn hóa cà rà mới phê

3 days ago
0
26

Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

3 days ago
0
14

Prepay vs. Purchase – Same Same but Different?

4 days ago
0
18

Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

5 days ago
0
85

24-11 là ngày chi mà được nghỉ?

6 days ago
0
45
Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
6

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

Read More

Prepay vs. Purchase – Same Same but Different?

1 day ago
0
6

Steve Jobs, Stevie Wonder, Lionel Richie…???

2 days ago
0
25

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

2 days ago
0
24

Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

2 days ago
0
12

Cafedo – Văn hóa cà rà mới phê

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NO BILL OF LADING, NO CONTROL?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
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15 Jun 2026

Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—to maintain a degree of control over the goods until payment is secured. But what happens when the sale is concluded on Ex Works (EXW) terms and the beneficiary insists that no Bill …


Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
6
14 Jun 2026

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …


Steve Jobs, Stevie Wonder, Lionel Richie…???

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
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14 Jun 2026

Thằng cháu thi tốt nghiệp THPT đọc đề rồi nghĩ mãi: “Steve Jobs là ai vậy ta?” Rồi trí nhớ nó bắt đầu hoạt động hết công suất. Để có nhiều Steve Jobs Việt Nam, trước hết cần phát triển âm nhạc… Nó còn lờ mờ nhớ có một bài hát nổi tiếng với câu mở đầu: “Hello. Is it …


TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
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14 Jun 2026

One of the most frequently misunderstood provisions in UCP 600 is the relationship between a deferred payment maturity date and the five banking days allowed for document examination under Article 14(b). What happens when documents arrive so late that the LC maturity date falls only a day or two after presentation? Must the issuing bank pay on the contractual due …


Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
12
13 Jun 2026

The Japanese have a highly ritualized way of drinking tea that has been elevated into an art form known as Sadō or Chadō — the Way of Tea. To be honest, watching the whole performance of whisking tea, turning the bowl, raising the cup, bowing, and following a long list of rituals can feel exhausting. Mr. Old Man suspects that …


Cafedo – Văn hóa cà rà mới phê

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
26
13 Jun 2026

Người Nhật có kiểu uống trà cầu kỳ đến mức nâng lên thành một nghệ thuật gọi là Sadō hay Chadō – tức là Trà đạo. Thiệt tình, nhìn cách họ biểu diễn pha trà, xoay chén, nâng tách, cúi đầu… thấy mà mệt người. Mr. Old Man đồ rằng người Nhật hiện đại ngày nay chắc cũng chẳng còn …


Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
14
12 Jun 2026

  Over coffee this morning, I shared a story with a friend about a group of elderly people who had lost substantial amounts of money to a vacation ownership scheme. Some lost tens of thousands of dollars. Others lost far more. One woman reportedly spent the equivalent of hundreds of thousands of dollars after being persuaded that her contracts would …


Prepay vs. Purchase – Same Same but Different?

By Mr Old Man
in :  Mr Old Man, Payment
0
18
11 Jun 2026

A reader recently asked Mr. Old Man a deceptively simple question: If “prepay” and “purchase” under UCP 600 Article 12(b) essentially produce the same commercial result, why does the definition of negotiation mention only “purchase”? An excellent question. The answer lies not only in the wording of UCP 600 but also in the legal distinction between an accepted draft and …


Hợp đồng kỳ nghỉ: Già đầu mà còn ngờ u?

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
85
11 Jun 2026

Sáng ngồi cà phê với ông bạn, nghe kể chuyện những cụ già bị “đào lửa” bằng chiêu bán hợp đồng kỳ nghỉ, Mr. Old Man thấy thương hơn là trách. Người mất ít thì một, hai tỷ. Người mất nhiều thì năm, bảy tỷ. Có cụ mất gần 20 tỷ. Nghe chưa hết câu chuyện, ông bạn đã phán …


24-11 là ngày chi mà được nghỉ?

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
45
10 Jun 2026

Nhìn cái mặt Mr. Old Man cười ngoác tới mang tai, chắc nhiều người tưởng vừa trúng Vietlott. Không phải. Lương hưu cũng chưa thấy tăng. Chỉ là sáng nay đọc báo thấy tin có thể sắp có thêm một ngày nghỉ lễ hưởng nguyên lương vào 24-11. Mừng thì có mừng, nhưng điều làm Mr. Old Man thắc mắc …


NO BILL OF LADING, NO CONTROL?

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Mr Old Man

NO BILL OF LADING, NO CONTROL?

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10 hours ago
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Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

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Mr Old Man

NO BILL OF LADING, NO CONTROL?

By Mr Old Man
10 hours ago
0
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Managing Documentary Risk Under EXW Letters of Credit One of the fundamental principles of documentary credits is that banks often rely on transport documents—particularly negotiable Bills of Lading—t…

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TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

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Cafedo – The Vietnamese Art of Making a Small Cup of Coffee Last an Entire Morning

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Cafedo – Văn hóa cà rà mới phê

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Age Doesn’t Make People Foolish. It Makes Them Vulnerable to Scams

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24-11 là ngày chi mà được nghỉ?

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NO BILL OF LADING, NO CONTROL?

Mr Old Man
10 hours ago

Prepay vs. Purchase – Same Same but Different?

Mr Old Man
1 day ago

Steve Jobs, Stevie Wonder, Lionel Richie…???

Mr Old Man
2 days ago

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

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2 days ago
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UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

Mr Old Man
March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

Mr Old Man
March 6, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

Mr Old Man
March 6, 2010

NO BILL OF LADING, NO CONTROL?

Mr Old Man
10 hours ago

Prepay vs. Purchase – Same Same but Different?

Mr Old Man
1 day ago

Steve Jobs, Stevie Wonder, Lionel Richie…???

Mr Old Man
2 days ago

TELL ME WHEN PAYMENT WILL BE MADE, TELL ME QUANDO QUANDO QUANDO (*)

Mr Old Man
2 days ago

Pieter Muus: Dear Mr. Old Man, please allow me to seek your guidance in the matter of nominat...

Đặng Văn: Tôi ủng hộ ý kiến rất hay của bạn ! Bản thân tôi cũng đã đạp xe đi làm ( và đi c...

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Mr Old Man: Thank you for reminding me of ISBP 821 paragraph B14. As far as I recall, earlie...

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man
October 19, 2015

UCP 600 ARTICLES 30 AND 31

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March 16, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

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July 31, 2018

TO ORDER BILL OF LADING AND ENDORSEMENT

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EARLY PRESENTATION

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September 11, 2017

QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know …

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  • November 5, 2025

    Can a Finance Company Act as a Remitting Bank?

  • October 16, 2024

    What about the 5 banking day rule and can the nominated bank negotiate after the issuing bank accepts the documents for payment?

  • July 29, 2015

    WHERE THE PLACE OF EXPIRY AND AVAILABILITY ARE NOT THE SAME

  • March 4, 2010

    ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED

  • July 9, 2024

    WHERE AN INVOICE INDICATES GOODS NOT CALLED FOR IN THE LC

  • May 21, 2010

    WHERE A BILL OF LADING IS CONSIDERED TO BE A CHARTER PARTY BILL OF LADING

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