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 Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
When Memory Starts to “Lose Its Way” 19 Apr 2026 With age comes decline — that’s no surprise. Memory fades, we forget what we just said, or walk into a room and wonder why we’re there. It happens. But then there are rare exceptions. A former boss of Mr. Old Man retired over 30 years ago. He is now well into his 90s, yet still sharp. Occasionally he attends gatherings …
With or Without Aval? A Small Question That Changes the Risk in Documentary Collections 18 Apr 2026 Introduction In documentary collections under URC 522, things often run on familiar rails—documents sent, acceptance obtained, maturity awaited. Most of the time, the collecting bank’s role remains strictly mechanical. Then, occasionally, a small question appears: “With or without avalization?” It sounds like a minor procedural choice. In reality, it quietly shifts the nature of the transaction—from relying solely on the …
Prepayment, Fraud Risk and Article 12 — Where Does the Risk Lie? 18 Apr 2026 Discussions around the possible revision of UCP 600 often bring out interesting practical concerns. One of them, raised recently by a colleague, goes straight to the heart of risk allocation in documentary credits: If a nominated bank prepays or discounts under a credit, and fraud is discovered later, who ultimately bears the risk? A fair question — and not an …
Partial Acceptance of an Amendment: A Quiet Trap in UCP 600 18 Apr 2026 There is a particular kind of misunderstanding in documentary credit practice that looks harmless at first glance—almost logical, even—but can quietly lead both bankers and beneficiaries into trouble. One of those is the idea of partial acceptance of an amendment. At first, it sounds reasonable: if an amendment contains several changes, why can’t a beneficiary accept some and ignore the …
Deleting “Acceptance” from UCP 600? A Practical Question 18 Apr 2026 As discussions continue around whether UCP 600 should be revised, some suggestions focus not on rewriting the rules entirely, but on simplifying specific provisions. One such suggestion is to remove availability by acceptance under Article 6(b), on the basis that drafts are no longer necessary in modern practice. At first glance, this seems reasonable. But as often in trade finance, …
ICC, the Middle East tensions… and the quiet reminder that “the rules are still the rules” 18 Apr 2026 Over the past few days, many of us in trade finance have probably come across the latest ICC note on the application of its rules in light of the ongoing Middle East tensions. Reading it, Mr. Old Man had a familiar feeling. Nothing dramatic. No sweeping changes. And yet, very much worth a careful read. Because in times when the …
Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled for the match. And FIFA said yes. That little “good luck charm” probably wasn’t a coincidence. It brought back memories of the 1986 World Cup quarter-final—also against England. On that famous day, Argentina … Read More
Tưởng mỗi Mr. Old Man mê tín… Ai dè Argentina còn “dị đoan” hơn! Trước trận quyết đấu với Anh, Argentina đã nài nỉ FIFA cho mặc áo xanh sân khách thay vì áo sọc trắng-xanh truyền thống như lịch công bố ban đầu. Và FIFA cũng gật đầu đồng ý. Chiêu “cầu may” này chắc không phải ngẫu nhiên. Nó gợi nhớ đến trận tứ kết World Cup 1986 với chính tuyển Anh. … Read More
Does a Struck-Out Endorsement on a Bill of Lading Require Authentication? A bill of lading issued “to order” is commonly endorsed by the shipper after issuance to transfer title to the goods. But what happens if an endorsement is mistakenly made by the wrong party, then crossed out and replaced by the correct endorsement? Does such a change constitute a correction to the bill of lading requiring authentication under ISBP 821 … Read More
Who Will Win the 2026 Ballon d’Or? Last week, Mr. Old Man wrote an article titled “Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or?” and boldly predicted that the award would most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Well… just a few days later, the picture has changed dramatically. First, England sent Norway and … Read More
Ai sẽ giành Quả bóng Vàng 2026? Tuần trước, Mr. Old Man có viết bài “Messi – Mbappé – Haaland: Ai sẽ giành Quả bóng Vàng?” và mạnh dạn dự đoán rằng Quả bóng Vàng nhiều khả năng sẽ thuộc về ngôi sao số một của đội tuyển vô địch World Cup 2026. Thế nhưng chỉ trong vài ngày, cục diện đã thay đổi chóng mặt. Đầu … Read More
Place of Expiry in Vietnam vs. Availability with the Issuing Bank Under UCP 600, the place where a credit is available is normally also the place for presentation. Accordingly, when a credit is available with the issuing bank, the expiry place would ordinarily be the issuing bank’s counter. But what happens when an LC is available with the issuing bank while the place of expiry is stated to be the beneficiary’s … Read More
How Should a Letter of Credit Financed by the World Bank Be Issued? Letters of credit financed by international development institutions such as the World Bank (WB) are quite different from ordinary commercial LCs. They are often issued as non-operative credits and become operative only after the donor issues a separate payment or reimbursement commitment. The following question discusses one practical example. Question Dear Mr. Old Man, I have a question and would … Read More
Consignee on a Certificate of Origin When the Bill of Lading Is Endorsed to the Issuing Bank One of the less obvious issues under ISBP 821 concerns the consignee shown on a certificate of origin when the letter of credit requires a bill of lading to be issued or endorsed to the order of the issuing bank. Does it matter if the bill of lading is originally issued to the order of the beneficiary and only later … Read More
Đừng để học sinh gánh hậu quả từ sai sót của người lớn Liên quan đến vụ việc hơn 140 bài thi đạt điểm 10 môn Toán tại Tuyên Quang, Sở Giáo dục và Đào tạo tỉnh đã đề xuất tổ chức thi lại môn Toán cho toàn bộ 328 thí sinh tại điểm thi liên quan. Về đề xuất này, Mr. Old Man có một góc nhìn khác. Theo Mr. Old Man, … Read More
Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or? It is probably still too early to say who will win the 2026 Ballon d’Or. But Mr. Old Man has a simple prediction: the Ballon d’Or will most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Messi and Argentina have survived both Cape Verde and Egypt to reach the quarter-finals, thanks in … Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled for the match. And FIFA said yes. That little “good luck charm” probably wasn’t a coincidence. It brought back memories of the 1986 World Cup quarter-final—also against England. On that famous day, Argentina … Read More
Tưởng mỗi Mr. Old Man mê tín… Ai dè Argentina còn “dị đoan” hơn! Trước trận quyết đấu với Anh, Argentina đã nài nỉ FIFA cho mặc áo xanh sân khách thay vì áo sọc trắng-xanh truyền thống như lịch công bố ban đầu. Và FIFA cũng gật đầu đồng ý. Chiêu “cầu may” này chắc không phải ngẫu nhiên. Nó gợi nhớ đến trận tứ kết World Cup 1986 với chính tuyển Anh. … Read More
Does a Struck-Out Endorsement on a Bill of Lading Require Authentication? A bill of lading issued “to order” is commonly endorsed by the shipper after issuance to transfer title to the goods. But what happens if an endorsement is mistakenly made by the wrong party, then crossed out and replaced by the correct endorsement? Does such a change constitute a correction to the bill of lading requiring authentication under ISBP 821 … Read More
Who Will Win the 2026 Ballon d’Or? Last week, Mr. Old Man wrote an article titled “Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or?” and boldly predicted that the award would most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Well… just a few days later, the picture has changed dramatically. First, England sent Norway and … Read More
Ai sẽ giành Quả bóng Vàng 2026? Tuần trước, Mr. Old Man có viết bài “Messi – Mbappé – Haaland: Ai sẽ giành Quả bóng Vàng?” và mạnh dạn dự đoán rằng Quả bóng Vàng nhiều khả năng sẽ thuộc về ngôi sao số một của đội tuyển vô địch World Cup 2026. Thế nhưng chỉ trong vài ngày, cục diện đã thay đổi chóng mặt. Đầu … Read More
Place of Expiry in Vietnam vs. Availability with the Issuing Bank Under UCP 600, the place where a credit is available is normally also the place for presentation. Accordingly, when a credit is available with the issuing bank, the expiry place would ordinarily be the issuing bank’s counter. But what happens when an LC is available with the issuing bank while the place of expiry is stated to be the beneficiary’s … Read More
How Should a Letter of Credit Financed by the World Bank Be Issued? Letters of credit financed by international development institutions such as the World Bank (WB) are quite different from ordinary commercial LCs. They are often issued as non-operative credits and become operative only after the donor issues a separate payment or reimbursement commitment. The following question discusses one practical example. Question Dear Mr. Old Man, I have a question and would … Read More
Consignee on a Certificate of Origin When the Bill of Lading Is Endorsed to the Issuing Bank One of the less obvious issues under ISBP 821 concerns the consignee shown on a certificate of origin when the letter of credit requires a bill of lading to be issued or endorsed to the order of the issuing bank. Does it matter if the bill of lading is originally issued to the order of the beneficiary and only later … Read More
Đừng để học sinh gánh hậu quả từ sai sót của người lớn Liên quan đến vụ việc hơn 140 bài thi đạt điểm 10 môn Toán tại Tuyên Quang, Sở Giáo dục và Đào tạo tỉnh đã đề xuất tổ chức thi lại môn Toán cho toàn bộ 328 thí sinh tại điểm thi liên quan. Về đề xuất này, Mr. Old Man có một góc nhìn khác. Theo Mr. Old Man, … Read More
Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or? It is probably still too early to say who will win the 2026 Ballon d’Or. But Mr. Old Man has a simple prediction: the Ballon d’Or will most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Messi and Argentina have survived both Cape Verde and Egypt to reach the quarter-finals, thanks in … Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! 16 Jul 2026 Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled for the match. And FIFA said yes. That little “good luck charm” probably wasn’t a coincidence. It brought back memories of the 1986 World Cup quarter-final—also against England. On that famous day, Argentina …
Tưởng mỗi Mr. Old Man mê tín… Ai dè Argentina còn “dị đoan” hơn! 16 Jul 2026 Trước trận quyết đấu với Anh, Argentina đã nài nỉ FIFA cho mặc áo xanh sân khách thay vì áo sọc trắng-xanh truyền thống như lịch công bố ban đầu. Và FIFA cũng gật đầu đồng ý. Chiêu “cầu may” này chắc không phải ngẫu nhiên. Nó gợi nhớ đến trận tứ kết World Cup 1986 với chính tuyển Anh. …
Does a Struck-Out Endorsement on a Bill of Lading Require Authentication? 15 Jul 2026 A bill of lading issued “to order” is commonly endorsed by the shipper after issuance to transfer title to the goods. But what happens if an endorsement is mistakenly made by the wrong party, then crossed out and replaced by the correct endorsement? Does such a change constitute a correction to the bill of lading requiring authentication under ISBP 821 …
Who Will Win the 2026 Ballon d’Or? 15 Jul 2026 Last week, Mr. Old Man wrote an article titled “Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or?” and boldly predicted that the award would most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Well… just a few days later, the picture has changed dramatically. First, England sent Norway and …
Ai sẽ giành Quả bóng Vàng 2026? 15 Jul 2026 Tuần trước, Mr. Old Man có viết bài “Messi – Mbappé – Haaland: Ai sẽ giành Quả bóng Vàng?” và mạnh dạn dự đoán rằng Quả bóng Vàng nhiều khả năng sẽ thuộc về ngôi sao số một của đội tuyển vô địch World Cup 2026. Thế nhưng chỉ trong vài ngày, cục diện đã thay đổi chóng mặt. Đầu …
Place of Expiry in Vietnam vs. Availability with the Issuing Bank 14 Jul 2026 Under UCP 600, the place where a credit is available is normally also the place for presentation. Accordingly, when a credit is available with the issuing bank, the expiry place would ordinarily be the issuing bank’s counter. But what happens when an LC is available with the issuing bank while the place of expiry is stated to be the beneficiary’s …
How Should a Letter of Credit Financed by the World Bank Be Issued? 14 Jul 2026 Letters of credit financed by international development institutions such as the World Bank (WB) are quite different from ordinary commercial LCs. They are often issued as non-operative credits and become operative only after the donor issues a separate payment or reimbursement commitment. The following question discusses one practical example. Question Dear Mr. Old Man, I have a question and would …
Consignee on a Certificate of Origin When the Bill of Lading Is Endorsed to the Issuing Bank 12 Jul 2026 One of the less obvious issues under ISBP 821 concerns the consignee shown on a certificate of origin when the letter of credit requires a bill of lading to be issued or endorsed to the order of the issuing bank. Does it matter if the bill of lading is originally issued to the order of the beneficiary and only later …
Đừng để học sinh gánh hậu quả từ sai sót của người lớn 11 Jul 2026 Liên quan đến vụ việc hơn 140 bài thi đạt điểm 10 môn Toán tại Tuyên Quang, Sở Giáo dục và Đào tạo tỉnh đã đề xuất tổ chức thi lại môn Toán cho toàn bộ 328 thí sinh tại điểm thi liên quan. Về đề xuất này, Mr. Old Man có một góc nhìn khác. Theo Mr. Old Man, …
Messi – Mbappé – Haaland: Who Will Win the Ballon d’Or? 10 Jul 2026 It is probably still too early to say who will win the 2026 Ballon d’Or. But Mr. Old Man has a simple prediction: the Ballon d’Or will most likely go to the biggest star of the team that wins the 2026 FIFA World Cup. Messi and Argentina have survived both Cape Verde and Egypt to reach the quarter-finals, thanks in …
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More
Articles Thought Only Mr. Old Man Was Superstitious… Turns Out Argentina Is Even More So! Before the blockbuster clash with England, Argentina reportedly asked FIFA for permission to wear their dark blue away kit instead of the traditional sky-blue-and-white stripes originally scheduled fo… Read More