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
Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED 4 Mar 2010 QUESTION Hello, I need help. Can someone tell me if it is posible to had a confirmation by another bank to an already confirmed LC? (both open confirmations)? Thank you in advance. Regards, Emsequeira ———– ANSWER Dear Emsequeira, Anything is likely possible. I would like to give an assumption to evidence that a double confirmation is quite possible. Let’s assume …
Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can … Read More
A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading? QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the … Read More
Unpacking a New LC Payment Practice: MT103 at Port of Loading? QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, … Read More
Red Flags in a Copper Deal Under CIF Terms QUESTION Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding … Read More
Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758 QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued … Read More
Truck Receipts and Maturity Date: Does the Latest Date Rule Apply? QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025. The usance period is 60 days from the T/R date. Currently the due date for the … Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường … Read More
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past Nguyen Van Troi Bridge — originally named Nguyen Hoang Bridge before 1975 — was built in 1965 by the American contractor RMK. Spanning 513.8 meters across the Han River with 14 steel pony truss spans, the bridge measures 10.5 meters wide, including an 8.5-meter roadbed. This was the first road bridge across the Han River, constructed by the U.S. to … Read More
THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE QUESTION Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are … Read More
A Heartfelt Note from a CDCS Achiever At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels … Read More
Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can … Read More
A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading? QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the … Read More
Unpacking a New LC Payment Practice: MT103 at Port of Loading? QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, … Read More
Red Flags in a Copper Deal Under CIF Terms QUESTION Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding … Read More
Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758 QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued … Read More
Truck Receipts and Maturity Date: Does the Latest Date Rule Apply? QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025. The usance period is 60 days from the T/R date. Currently the due date for the … Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường … Read More
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past Nguyen Van Troi Bridge — originally named Nguyen Hoang Bridge before 1975 — was built in 1965 by the American contractor RMK. Spanning 513.8 meters across the Han River with 14 steel pony truss spans, the bridge measures 10.5 meters wide, including an 8.5-meter roadbed. This was the first road bridge across the Han River, constructed by the U.S. to … Read More
THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE QUESTION Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are … Read More
A Heartfelt Note from a CDCS Achiever At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels … Read More
Mr Old Man Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Mr Old Man Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Mr Old Man Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Mr Old Man Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Is a CPBL Acceptable When the LC Is Silent? 10 Jul 2025 QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chartered B/L) is presented I/O Normal B/L in the shipment of oil (mostly CPBL are presented in the case of shipment of Oil). Can …
A Case of Damaged Steel Coils and Conflicting Clauses: Is this an Unclean Bill of Lading? 10 Jul 2025 QUESTION Dear Mr. Old Man, We appreciate if you give your opinion on the following case: We presented the documents including 3/3 original bills of lading under the letter of credit to the issuing bank. The bill of lading indicates: SHIPPED at the Port of Loading in apparent good order and condition on board the Vessel for carriage to the …
Unpacking a New LC Payment Practice: MT103 at Port of Loading? 9 Jul 2025 QUESTION Dear Mr. Old Man, Thank you very much for your reply and guidance. I have benefited a great deal from your explanations. Regarding the payment method mentioned in my previous email, I learned of a new practice yesterday and would like to ask for your assessment: The transaction method I referred to has gradually developed in recent years. Currently, …
Red Flags in a Copper Deal Under CIF Terms 8 Jul 2025 QUESTION Dear Mr. Old Man, I hope this message finds you well. Please forgive my intrusion but having seen your highly professional explanations on letters of credit, I would like to consult you on a professional matter. I am a trader from China, and as I am still in the initial stages of my business, I have some confusion regarding …
Can a BG Be Transferred? Clarifying Rights and Risks under URDG 758 8 Jul 2025 QUESTION Dear Mr. Old Man, I have some questions regarding a transferable bank guarantee (BG) that needs your expert opinion: Bank A advised our company (the beneficiary) of a BG issued by Bank I with the following terms and conditions: The BG is transferable Payment condition: Bank I shall pay upon receipt of the demand accompanied by CCIC Certificate issued …
Truck Receipts and Maturity Date: Does the Latest Date Rule Apply? 7 Jul 2025 QUESTION Dear Sir, Hope everything is in good spirits. I wanted your valuable feedback on this scenario of calculation of the maturity date. Now, let say we have received the bill of USD 100,000.00 with multiple truck receipts with dates ranging from 01.06.2025 to 20.06.2025. The usance period is 60 days from the T/R date. Currently the due date for the …
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng 7 Jul 2025 Cầu Nguyễn Văn Trỗi — trước năm 1975 có tên là cầu Nguyễn Hoàng — được xây dựng vào năm 1965 bởi nhà thầu Mỹ RMK. Cây cầu dài 513,8 mét, bắc qua sông Hàn với 14 nhịp dàn thép kiểu pony truss. Mặt cầu rộng 10,5 mét, trong đó lòng đường rộng 8,5 mét. Đây là cây cầu đường …
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past 7 Jul 2025 Nguyen Van Troi Bridge — originally named Nguyen Hoang Bridge before 1975 — was built in 1965 by the American contractor RMK. Spanning 513.8 meters across the Han River with 14 steel pony truss spans, the bridge measures 10.5 meters wide, including an 8.5-meter roadbed. This was the first road bridge across the Han River, constructed by the U.S. to …
THE DISCREPANCY FEE DILEMMA: WHEN $50 BECOMES A BATTLE 4 Jul 2025 QUESTION Dear Mr. Old Man, We presented documents under an LC that were in full compliance, but the issuing bank still raised one or two discrepancies and deducted a discrepancy fee from the proceeds. We dispute the discrepancies and have asked the issuing bank to refund the fee that was wrongly deducted. However, the bank either insists the discrepancies are …
A Heartfelt Note from a CDCS Achiever 4 Jul 2025 At 2:47 in the morning (when only owls, over-caffeinated bankers, and insomniac old men are awake), I received this beautiful email from a young reader who just passed the CDCS exam—with an impressive score of 90 out of 100. She wasn’t my student in the traditional sense, but in her words, she still considers me her teacher. That alone feels …
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Mr Old Man Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past
Mr Old Man Is a CPBL Acceptable When the LC Is Silent? QUESTION Dear Sir, Need your expertise again as your explanations are always easy to understand for learners like us. Just wanted to know if L/C is silent on the type of required B/L but a CPBL (chart… Read More
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past