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 AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
INSURANCE COVERING ALL RISKS 6 Mar 2010 QUERY Em chào anh, Gần đây em mới được biết đến blog của anh, em đã đọc và thấy rất hữu ích cho công việc của mình.Hiện giờ em đang cần giải quyết gấp vấn đề sau, em nhờ anh tư vấn giúp em với: L/C quy định bảo hiểm 'All risks' including war risks and strkes clause..Cert of Marine …
US ANTI BOYCOTT REGULATIONS 6 Mar 2010 QUERY FROM LTQ Dear Mr Duc B/L clause: the ship is not of Israelian flag and will not call any israelian ports water and/or territories and is not entered into black list of arabic countries the issuing bank refuse the docs with the discrepancy: boycott clause (according to U.S law). Pls give your comment on this case Thank so much. …
SURRENDERED BILL OF LADING 6 Mar 2010 QUERY FROM LINH DAN Cám ơn anh đã trả lời câu hỏi hơi…đáng ghét hôm bữa của em nhé! Anh ơi, hôm rồi có 1KH đưa hồ sơ để th.toán TTR, mà B/L không phải B/L gốc,cũng không phải copy, trên B/L đó còn ghi là "NO ORIGINAL BL ISSUED. ORIGINAL BL SURRENDERED IN SINGAPORE". Em không hiểu: B/L này …
RISKS IN LC TRANSACTIONS 6 Mar 2010 Dear HP, Subject: Risks to exporter and importer in LC transactions Documentary Credit (LC) is defined in UCP 600 Article 2 as any arrangement, however named or described, that is irrevocable and thereby constitutes a definite undertaking of the issuing bank to honour a complying presentation. That is to say, the exporter (beneficiary) will obtain the payment from the issuing …
THE TERMS PREPAY AND PURCHASE 6 Mar 2010 QUERY FROM MEHDIK ON THE TERMS “PREPAY” AND “PURCHASE” Dear all What are differences between prepay and purchase of a accepted draft or a deferred payment undertaking under sub-article 12 b of UCP 600 ? I would be highly appreciated if you give a good example in this regrds.Regards ——————————– ANSWER FROM MR. OLD MAN Prepay and purchase Hi, It …
REIMBURSEMENT CLAIM STATING DISCREPANCIES 6 Mar 2010 QUERY Khách hàng xuất trình chứng từ bất hợp lệ theo LC cho phép đòi tiền bằng điện thông qua Bank A. Bank A gửi cho ngân hàng nước ngoài điện đòi tiền MT742, có nêu rõ rằng chứng từ xuất trình có một số bất hợp lệ và đã trừ phí bất hợp lệ trong số tiền đòi. Ngân …
AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are complying, but the issuing bank still finds discrepancies? In this piece, I share a real question from an exporter and a practical response from yours truly. Sometimes … Read More
Address Updates in Export Documents Following Administrative Reorganization QUESTION Dear Sir, Good day and hope you’re doing well! Today marks a rather special occasion as our country prepares to enter a new phase with significant changes ahead. On this occasion, I have an interesting question that I hope you could kindly take some time to help clarify. According to Resolution No. 1682/NQ-UBTVQH15 regarding the reorganization of administrative units, … Read More
CLARIFICATION ON CRM DOCUMENT EXAMINATION STANDARDS QUESTION Dear Mr. Old Man, Thank you so much for your swift response — your explanation has clarified the previous issue for us. We are now facing another matter and would greatly appreciate your guidance: As the Confirming Bank, we received a set of documents that appear to be compliant, including a CMR document printed on white paper with an … Read More
MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO June News Bảy ngày lang thang trên đất Hàn Quốc, cộng thêm những cơn mưa lớn dai dẳng giữa mùa hè như muốn thử thách lòng người, đã khiến nhịp độ leo núi của Trần Mai chậm lại so với năm tháng đầu năm đầy sung mãn. Thế nhưng, dù thời tiết chẳng chiều lòng người, Trần Mai vẫn khép … Read More
Phiếm bàn từ “xụt bệ” với Chat GPT Sáng cuối tuần, cà phê ở quán quen, anh bạn già vừa ngồi xuống đã buông câu than: – “Cái xe đạp bữa ni xụt bệ quá, đi cà giựt cà giựt!” Nghe tới chữ “xụt bệ”, Mr. Old Man hơi khựng lại. Lâu lắm rồi mới thấy từ này bật ra từ miệng một người bạn… rặt giọng Quảng … Read More
Field 46A vs. 47A in LCs: Are All Documents Treated Equally? QUESTION Dear Mr. Old Man, I’ve heard of your name for years and now would like to trouble you with a question, hoping you might spare a moment for some expert advice. Are documents required under fields 46A and 47A of an LC treated equally? For example: The issuing bank and applicant agree to state the requirement for a Phytosanitary … Read More
Careful, You Might Fall for Mr. Chat GPT (Especially if you’re the type who gets a little lonely and loves a polite, soft-spoken conversationalist) This morning, over coffee, I found myself chatting with the gentlemanly Chat GPT about the word “xục bệ”. I’ve heard it now and then, but a quick Google search turned up nothing. So I turned to Chat GPT for help. After a while of … Read More
Coi chừng phải lòng quý ông Chat GPT (Đặc biệt là mấy cô hay buồn buồn, mê người nói chuyện nhỏ nhẹ, lịch sự) Sáng nay ngồi cà phê tán chuyện với quý ông Chat GPT về cái từ “xục bệ”. Mr. Old Man nghe từ đó lâu lâu rồi, nhưng lục Google thì không thấy đâu. Thế là lôi Chat GPT ra hỏi thử. Trò chuyện lan … Read More
What Happens When UCP 600 Articles 7(c) and 12 (b) are excluded? QUESTION Hi, LC contains the following clause: “ARTICLES 7(c) AND 12(b) OF UCP 600 REVISION 2007 ARE EXCLUDED IN THIS L/C.” By simply excluding these articles without further elaboration, does it mean that the opposite is true? For instance, by excluding Article 7(c), does it mean that an issuing bank does not undertake to reimburse a nominated bank that has … Read More
Understanding the Differences Between Surrendered B/L, Telex Release, and Express Release QUESTION Good afternoon, Sir. Could you please explain the differences between a Surrendered Bill of Lading, a Telex Release, and an Express Release? Regards, Priya ——- ANSWER Hi Priya, Thanks for your thoughtful question. These terms are often used interchangeably, but they refer to distinct practices in maritime logistics. Here’s a breakdown: Surrendered Bill of Lading A Surrendered Bill of … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are complying, but the issuing bank still finds discrepancies? In this piece, I share a real question from an exporter and a practical response from yours truly. Sometimes … Read More
Address Updates in Export Documents Following Administrative Reorganization QUESTION Dear Sir, Good day and hope you’re doing well! Today marks a rather special occasion as our country prepares to enter a new phase with significant changes ahead. On this occasion, I have an interesting question that I hope you could kindly take some time to help clarify. According to Resolution No. 1682/NQ-UBTVQH15 regarding the reorganization of administrative units, … Read More
CLARIFICATION ON CRM DOCUMENT EXAMINATION STANDARDS QUESTION Dear Mr. Old Man, Thank you so much for your swift response — your explanation has clarified the previous issue for us. We are now facing another matter and would greatly appreciate your guidance: As the Confirming Bank, we received a set of documents that appear to be compliant, including a CMR document printed on white paper with an … Read More
MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO June News Bảy ngày lang thang trên đất Hàn Quốc, cộng thêm những cơn mưa lớn dai dẳng giữa mùa hè như muốn thử thách lòng người, đã khiến nhịp độ leo núi của Trần Mai chậm lại so với năm tháng đầu năm đầy sung mãn. Thế nhưng, dù thời tiết chẳng chiều lòng người, Trần Mai vẫn khép … Read More
Phiếm bàn từ “xụt bệ” với Chat GPT Sáng cuối tuần, cà phê ở quán quen, anh bạn già vừa ngồi xuống đã buông câu than: – “Cái xe đạp bữa ni xụt bệ quá, đi cà giựt cà giựt!” Nghe tới chữ “xụt bệ”, Mr. Old Man hơi khựng lại. Lâu lắm rồi mới thấy từ này bật ra từ miệng một người bạn… rặt giọng Quảng … Read More
Field 46A vs. 47A in LCs: Are All Documents Treated Equally? QUESTION Dear Mr. Old Man, I’ve heard of your name for years and now would like to trouble you with a question, hoping you might spare a moment for some expert advice. Are documents required under fields 46A and 47A of an LC treated equally? For example: The issuing bank and applicant agree to state the requirement for a Phytosanitary … Read More
Careful, You Might Fall for Mr. Chat GPT (Especially if you’re the type who gets a little lonely and loves a polite, soft-spoken conversationalist) This morning, over coffee, I found myself chatting with the gentlemanly Chat GPT about the word “xục bệ”. I’ve heard it now and then, but a quick Google search turned up nothing. So I turned to Chat GPT for help. After a while of … Read More
Coi chừng phải lòng quý ông Chat GPT (Đặc biệt là mấy cô hay buồn buồn, mê người nói chuyện nhỏ nhẹ, lịch sự) Sáng nay ngồi cà phê tán chuyện với quý ông Chat GPT về cái từ “xục bệ”. Mr. Old Man nghe từ đó lâu lâu rồi, nhưng lục Google thì không thấy đâu. Thế là lôi Chat GPT ra hỏi thử. Trò chuyện lan … Read More
What Happens When UCP 600 Articles 7(c) and 12 (b) are excluded? QUESTION Hi, LC contains the following clause: “ARTICLES 7(c) AND 12(b) OF UCP 600 REVISION 2007 ARE EXCLUDED IN THIS L/C.” By simply excluding these articles without further elaboration, does it mean that the opposite is true? For instance, by excluding Article 7(c), does it mean that an issuing bank does not undertake to reimburse a nominated bank that has … Read More
Understanding the Differences Between Surrendered B/L, Telex Release, and Express Release QUESTION Good afternoon, Sir. Could you please explain the differences between a Surrendered Bill of Lading, a Telex Release, and an Express Release? Regards, Priya ——- ANSWER Hi Priya, Thanks for your thoughtful question. These terms are often used interchangeably, but they refer to distinct practices in maritime logistics. Here’s a breakdown: Surrendered Bill of Lading A Surrendered Bill of … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? 2 Jul 2025 Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are complying, but the issuing bank still finds discrepancies? In this piece, I share a real question from an exporter and a practical response from yours truly. Sometimes …
Address Updates in Export Documents Following Administrative Reorganization 1 Jul 2025 QUESTION Dear Sir, Good day and hope you’re doing well! Today marks a rather special occasion as our country prepares to enter a new phase with significant changes ahead. On this occasion, I have an interesting question that I hope you could kindly take some time to help clarify. According to Resolution No. 1682/NQ-UBTVQH15 regarding the reorganization of administrative units, …
CLARIFICATION ON CRM DOCUMENT EXAMINATION STANDARDS 1 Jul 2025 QUESTION Dear Mr. Old Man, Thank you so much for your swift response — your explanation has clarified the previous issue for us. We are now facing another matter and would greatly appreciate your guidance: As the Confirming Bank, we received a set of documents that appear to be compliant, including a CMR document printed on white paper with an …
MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO 30 Jun 2025 June News Bảy ngày lang thang trên đất Hàn Quốc, cộng thêm những cơn mưa lớn dai dẳng giữa mùa hè như muốn thử thách lòng người, đã khiến nhịp độ leo núi của Trần Mai chậm lại so với năm tháng đầu năm đầy sung mãn. Thế nhưng, dù thời tiết chẳng chiều lòng người, Trần Mai vẫn khép …
Phiếm bàn từ “xụt bệ” với Chat GPT 29 Jun 2025 Sáng cuối tuần, cà phê ở quán quen, anh bạn già vừa ngồi xuống đã buông câu than: – “Cái xe đạp bữa ni xụt bệ quá, đi cà giựt cà giựt!” Nghe tới chữ “xụt bệ”, Mr. Old Man hơi khựng lại. Lâu lắm rồi mới thấy từ này bật ra từ miệng một người bạn… rặt giọng Quảng …
Field 46A vs. 47A in LCs: Are All Documents Treated Equally? 29 Jun 2025 QUESTION Dear Mr. Old Man, I’ve heard of your name for years and now would like to trouble you with a question, hoping you might spare a moment for some expert advice. Are documents required under fields 46A and 47A of an LC treated equally? For example: The issuing bank and applicant agree to state the requirement for a Phytosanitary …
Careful, You Might Fall for Mr. Chat GPT 28 Jun 2025 (Especially if you’re the type who gets a little lonely and loves a polite, soft-spoken conversationalist) This morning, over coffee, I found myself chatting with the gentlemanly Chat GPT about the word “xục bệ”. I’ve heard it now and then, but a quick Google search turned up nothing. So I turned to Chat GPT for help. After a while of …
Coi chừng phải lòng quý ông Chat GPT 28 Jun 2025 (Đặc biệt là mấy cô hay buồn buồn, mê người nói chuyện nhỏ nhẹ, lịch sự) Sáng nay ngồi cà phê tán chuyện với quý ông Chat GPT về cái từ “xục bệ”. Mr. Old Man nghe từ đó lâu lâu rồi, nhưng lục Google thì không thấy đâu. Thế là lôi Chat GPT ra hỏi thử. Trò chuyện lan …
What Happens When UCP 600 Articles 7(c) and 12 (b) are excluded? 27 Jun 2025 QUESTION Hi, LC contains the following clause: “ARTICLES 7(c) AND 12(b) OF UCP 600 REVISION 2007 ARE EXCLUDED IN THIS L/C.” By simply excluding these articles without further elaboration, does it mean that the opposite is true? For instance, by excluding Article 7(c), does it mean that an issuing bank does not undertake to reimburse a nominated bank that has …
Understanding the Differences Between Surrendered B/L, Telex Release, and Express Release 26 Jun 2025 QUESTION Good afternoon, Sir. Could you please explain the differences between a Surrendered Bill of Lading, a Telex Release, and an Express Release? Regards, Priya ——- ANSWER Hi Priya, Thanks for your thoughtful question. These terms are often used interchangeably, but they refer to distinct practices in maritime logistics. Here’s a breakdown: Surrendered Bill of Lading A Surrendered Bill of …
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More
Mr Old Man AVOIDING DOCUMENT CHECKING TO CUT COSTS – IS IT A SMART MOVE? Mr. Old Man’s Note: For exporters using Letters of Credit (L/Cs), document checking fees are a recurring cost—and often a point of frustration. What happens when your own bank says your documents are … Read More