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
THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… 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 …
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 …
BILL OF LADING ENDORSEMENT 5 Mar 2010 QUERY LC không yêu cầu ký hậu vận đơn nhưng vận đơn xuất trình được ký hậu bởi người giao hàng. Vận đơn này có được chấp nhận hay không?—————————- ANSWER FROM MR. OLD MAN Chấp nhận. Nếu BL được phát hành theo lệnh hoặc theo lệnh của người giao hàng (shipper), nó phải được ký hậu bởi người giao …
THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người dùng đã ghé thăm website Tổng cộng 79.400 lượt xem Điều thú vị là trang web đã đón nhận bạn đọc từ hàng trăm quốc … Read More
ADVANCE PAYMENT & SBLC ANSWER Dear Mr. Old Man, Good day! The seller and the buyer agree to sign a sale contract with the following terms and conditions: The buyer will pay in advance the full contract value. The seller will effect shipment upon receipt of full payment from the buyer. Can the buyer request the seller to provide an SBLC to guarantee advance … Read More
DISCREPANCY ARISING FROM MISMATCH IN PAYMENT TERMS ON INVOICE vs. LC Champa Dancing Apsara Relief QUESTION Dear Sir, Sorry to bore you with this irrelevant question but just out of curiosity is there any importance of payment term mentioned in the commercial invoice. Because as per ISBP the invoice must portray the contents mentioned in the field 45a of the L/C. So, if the payment term as per credit is 180 days … Read More
UNDERSTANDING THE ROLE AND OBLIGATIONS OF A NOMINATED BANK UNDER A NEGOTIATION CREDIT QUESTION Dear Sir, If I receive a Letter of Credit (LC) advised to me with the clause “Available by negotiation at any bank; At Sight,” is my next step to ask my bank whether it will act as the negotiating bank, and request a written confirmation if it agrees? I understand that a nominated bank has no obligation to negotiate … Read More
THE LOVE STORY OF AN AMERICAN SOLDIER AND A VIETNAMESE GIRL A memory kept quiet for half a century, and still echoing through time. Illustration photo A Message Beneath the Photo Last week, I posted a picture from a bike ride over the misty curves of Hải Vân Pass. Beneath it, a quiet comment appeared. It was from R.I., an American who had once crossed that very road—in the 1970s—when he … Read More
RETURNING TO THE OLD BRICK KILN OF DUY VINH From Forgotten Landmark to Trending Spot The old brick kiln, long abandoned in the middle of the Duy Vinh rice fields, suddenly shot to fame after young travel enthusiasts discovered it and began sharing photos on Facebook. Recently, a young woman with an eye for quirky business ideas seized the opportunity—not only to earn money but to pursue her passion. … Read More
COC TIEN WATERFALL – THE SLEEPING BEAUTY OF THE FOREST By Mr. Old Man A Farewell Ride Before the Silence This morning, I pedaled out with a few companions for one last ride along the La Son – Tuy Loan expressway before it officially opens to traffic this June. At Km 36, just as the road slips into the emerald realm of Bach Ma National Park, we paused atop the … Read More
IS ASSIGNMENT OF PROCEEDS UNDER A DOCUMENTARY CREDIT SUBJECT TO THE EXPIRY DATE? QUESTION Dear friend We hope my email find you well I need your opinion about the assignment of proceeds under the documentary credit is it subject to the expiry date . Thanks for your support Firas Jawad —— ANSWER Hi Firas, Thank you for your question. Article 39 of the UCP deals with the assignment of proceeds, which refers to … Read More
WHERE THE PRESENTING/COLLECTING BANK DOES NOT ACT IN GOOD FAITH OR EXERCISE REASONABLE CARE QUESTION Dear Mr. Old Man, I have a case to seek your advice. Our bank has forwarded 6 sets of D/P(s) for USD525,000 to a bank in Egypt with the instructions “Release Documents against Payment”. After many payment tracers, the collecting bank replied that all sets of D/P have been released against 30 days, 60 days, 120 days…from health approval … Read More
PAYMENT OBLIGATION OF THE TRANSFERRING BANK QUESTION Dear Mr. Old Man, I have two questions regarding transferable LCs: When the second beneficiary presents complying documents to the transferring bank, is that bank obligated to pay the second beneficiary immediately? Or must it wait until the documents are forwarded to the issuing bank and payment is received before settling with the second beneficiary? Are the sets of … Read More
THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người dùng đã ghé thăm website Tổng cộng 79.400 lượt xem Điều thú vị là trang web đã đón nhận bạn đọc từ hàng trăm quốc … Read More
ADVANCE PAYMENT & SBLC ANSWER Dear Mr. Old Man, Good day! The seller and the buyer agree to sign a sale contract with the following terms and conditions: The buyer will pay in advance the full contract value. The seller will effect shipment upon receipt of full payment from the buyer. Can the buyer request the seller to provide an SBLC to guarantee advance … Read More
DISCREPANCY ARISING FROM MISMATCH IN PAYMENT TERMS ON INVOICE vs. LC Champa Dancing Apsara Relief QUESTION Dear Sir, Sorry to bore you with this irrelevant question but just out of curiosity is there any importance of payment term mentioned in the commercial invoice. Because as per ISBP the invoice must portray the contents mentioned in the field 45a of the L/C. So, if the payment term as per credit is 180 days … Read More
UNDERSTANDING THE ROLE AND OBLIGATIONS OF A NOMINATED BANK UNDER A NEGOTIATION CREDIT QUESTION Dear Sir, If I receive a Letter of Credit (LC) advised to me with the clause “Available by negotiation at any bank; At Sight,” is my next step to ask my bank whether it will act as the negotiating bank, and request a written confirmation if it agrees? I understand that a nominated bank has no obligation to negotiate … Read More
THE LOVE STORY OF AN AMERICAN SOLDIER AND A VIETNAMESE GIRL A memory kept quiet for half a century, and still echoing through time. Illustration photo A Message Beneath the Photo Last week, I posted a picture from a bike ride over the misty curves of Hải Vân Pass. Beneath it, a quiet comment appeared. It was from R.I., an American who had once crossed that very road—in the 1970s—when he … Read More
RETURNING TO THE OLD BRICK KILN OF DUY VINH From Forgotten Landmark to Trending Spot The old brick kiln, long abandoned in the middle of the Duy Vinh rice fields, suddenly shot to fame after young travel enthusiasts discovered it and began sharing photos on Facebook. Recently, a young woman with an eye for quirky business ideas seized the opportunity—not only to earn money but to pursue her passion. … Read More
COC TIEN WATERFALL – THE SLEEPING BEAUTY OF THE FOREST By Mr. Old Man A Farewell Ride Before the Silence This morning, I pedaled out with a few companions for one last ride along the La Son – Tuy Loan expressway before it officially opens to traffic this June. At Km 36, just as the road slips into the emerald realm of Bach Ma National Park, we paused atop the … Read More
IS ASSIGNMENT OF PROCEEDS UNDER A DOCUMENTARY CREDIT SUBJECT TO THE EXPIRY DATE? QUESTION Dear friend We hope my email find you well I need your opinion about the assignment of proceeds under the documentary credit is it subject to the expiry date . Thanks for your support Firas Jawad —— ANSWER Hi Firas, Thank you for your question. Article 39 of the UCP deals with the assignment of proceeds, which refers to … Read More
WHERE THE PRESENTING/COLLECTING BANK DOES NOT ACT IN GOOD FAITH OR EXERCISE REASONABLE CARE QUESTION Dear Mr. Old Man, I have a case to seek your advice. Our bank has forwarded 6 sets of D/P(s) for USD525,000 to a bank in Egypt with the instructions “Release Documents against Payment”. After many payment tracers, the collecting bank replied that all sets of D/P have been released against 30 days, 60 days, 120 days…from health approval … Read More
PAYMENT OBLIGATION OF THE TRANSFERRING BANK QUESTION Dear Mr. Old Man, I have two questions regarding transferable LCs: When the second beneficiary presents complying documents to the transferring bank, is that bank obligated to pay the second beneficiary immediately? Or must it wait until the documents are forwarded to the issuing bank and payment is received before settling with the second beneficiary? Are the sets of … Read More
Articles THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
Articles THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
Articles THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
Articles THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) 21 May 2025 Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người dùng đã ghé thăm website Tổng cộng 79.400 lượt xem Điều thú vị là trang web đã đón nhận bạn đọc từ hàng trăm quốc …
ADVANCE PAYMENT & SBLC 20 May 2025 ANSWER Dear Mr. Old Man, Good day! The seller and the buyer agree to sign a sale contract with the following terms and conditions: The buyer will pay in advance the full contract value. The seller will effect shipment upon receipt of full payment from the buyer. Can the buyer request the seller to provide an SBLC to guarantee advance …
DISCREPANCY ARISING FROM MISMATCH IN PAYMENT TERMS ON INVOICE vs. LC 18 May 2025 Champa Dancing Apsara Relief QUESTION Dear Sir, Sorry to bore you with this irrelevant question but just out of curiosity is there any importance of payment term mentioned in the commercial invoice. Because as per ISBP the invoice must portray the contents mentioned in the field 45a of the L/C. So, if the payment term as per credit is 180 days …
UNDERSTANDING THE ROLE AND OBLIGATIONS OF A NOMINATED BANK UNDER A NEGOTIATION CREDIT 18 May 2025 QUESTION Dear Sir, If I receive a Letter of Credit (LC) advised to me with the clause “Available by negotiation at any bank; At Sight,” is my next step to ask my bank whether it will act as the negotiating bank, and request a written confirmation if it agrees? I understand that a nominated bank has no obligation to negotiate …
THE LOVE STORY OF AN AMERICAN SOLDIER AND A VIETNAMESE GIRL 17 May 2025 A memory kept quiet for half a century, and still echoing through time. Illustration photo A Message Beneath the Photo Last week, I posted a picture from a bike ride over the misty curves of Hải Vân Pass. Beneath it, a quiet comment appeared. It was from R.I., an American who had once crossed that very road—in the 1970s—when he …
RETURNING TO THE OLD BRICK KILN OF DUY VINH 17 May 2025 From Forgotten Landmark to Trending Spot The old brick kiln, long abandoned in the middle of the Duy Vinh rice fields, suddenly shot to fame after young travel enthusiasts discovered it and began sharing photos on Facebook. Recently, a young woman with an eye for quirky business ideas seized the opportunity—not only to earn money but to pursue her passion. …
COC TIEN WATERFALL – THE SLEEPING BEAUTY OF THE FOREST 16 May 2025 By Mr. Old Man A Farewell Ride Before the Silence This morning, I pedaled out with a few companions for one last ride along the La Son – Tuy Loan expressway before it officially opens to traffic this June. At Km 36, just as the road slips into the emerald realm of Bach Ma National Park, we paused atop the …
IS ASSIGNMENT OF PROCEEDS UNDER A DOCUMENTARY CREDIT SUBJECT TO THE EXPIRY DATE? 16 May 2025 QUESTION Dear friend We hope my email find you well I need your opinion about the assignment of proceeds under the documentary credit is it subject to the expiry date . Thanks for your support Firas Jawad —— ANSWER Hi Firas, Thank you for your question. Article 39 of the UCP deals with the assignment of proceeds, which refers to …
WHERE THE PRESENTING/COLLECTING BANK DOES NOT ACT IN GOOD FAITH OR EXERCISE REASONABLE CARE 15 May 2025 QUESTION Dear Mr. Old Man, I have a case to seek your advice. Our bank has forwarded 6 sets of D/P(s) for USD525,000 to a bank in Egypt with the instructions “Release Documents against Payment”. After many payment tracers, the collecting bank replied that all sets of D/P have been released against 30 days, 60 days, 120 days…from health approval …
PAYMENT OBLIGATION OF THE TRANSFERRING BANK 14 May 2025 QUESTION Dear Mr. Old Man, I have two questions regarding transferable LCs: When the second beneficiary presents complying documents to the transferring bank, is that bank obligated to pay the second beneficiary immediately? Or must it wait until the documents are forwarded to the issuing bank and payment is received before settling with the second beneficiary? Are the sets of …
Articles THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More
Articles THỐNG KÊ TRUY CẬP TRANG WEB WWW.MROLDMAN.NET (21/4 – 21/5) Hôm nay, tình cờ ghé vào mục Statistics, Mr. Old Man thật sự ngạc nhiên khi thấy số lượng bạn đọc truy cập trang web www.mroldman.net trong vòng 30 ngày qua (từ 21/4 đến 21/5): 7.480 người d… Read More