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 Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing Bank reject the documents if no draft is presented? This question from Firas raises an interesting point about the role of drafts under documentary credits and, in … Read More
Đôi khi dốt tiếng Anh lại cứu được mạng người Lướt Facebook, Mr. Old Man gặp một câu chuyện hài tiếng Anh cũng khá vui. Chuyện là một buổi tối nọ, một lão tỷ phú người Anh đang đi dạo với con chó thì bất ngờ một gã người Pakistan xông ra từ bụi rậm, bắn ba phát và giết chết con chó. Quá sốc, lão tỷ phú hỏi: “Why … Read More
Xuân Son, Hoàng Hên, Tài Lộc là cầu thủ Việt Nam!? Đêm qua, tại sân Mỹ Đình đã diễn ra trận chung kết lượt về ASEAN Cup. Việt Nam hòa Thái Lan 2–2 ở lượt về, thắng chung cuộc 4–2 và lên ngôi vô địch ASEAN Cup lần thứ hai liên tiếp. Chúc mừng đội tuyển Việt Nam! Một trận chung kết thật đáng nhớ. Nhưng có một chuyện làm Mr. … Read More
Hope Hoffman và niềm vui kép Hồi tháng 5/2026, Mr. Old Man đã có một cuộc phỏng vấn với Hope Hoffman – nữ vận động viên người Mỹ vừa giành chức vô địch VNG Ironman Vietnam 140.6 tổ chức tại Đà Nẵng. Xem bài phỏng vấn tại đây: A Quick Interview with Hope Hoffman – Champion of Ironman Da Nang 2026 Mới đây, chỉ 4 ngày … Read More
Hope Hoffman and Double the Joy Back in May 2026, Mr. Old Man had the pleasure of interviewing Hope Hoffman, the American triathlete who won the VNG Ironman Vietnam 140.6 in Da Nang in May 2026. You can read the interview here: A Quick Interview with Hope Hoffman – Champion of Ironman Da Nang 2026 More recently, just four days before her 28th birthday, Hope Hoffman … Read More
Latest Shipment Date, Shipment Date and Period for Presentation A question from Jawad Ahmed, Pakistan, regarding the relationship between the latest date of shipment, the actual shipment date and the period for presentation under an LC. Question Dear Sir, I hope you are doing well. I wanted to ask regarding the subject matter. Can you please clarify Field 44C, i.e. the latest date of shipment, and the shipped on … Read More
When the LC Has Expired: Can the 10-Day Presentation Period Save the Beneficiary? Introduction This question illustrates a common misunderstanding: a presentation period stipulated in the LC does not operate independently of the LC expiry date. Even where the stipulated period extends beyond the expiry date, the beneficiary cannot use that period to keep the credit alive after expiry. Question Dear Mr. Old Man, LC expiry date: 1/8/2026 Latest shipment date: 1/8/2026 Field … Read More
Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement? Introduction The wording used in a letter of credit can sometimes appear more demanding than the wording normally used on a transport document. This raises an interesting practical question: when an L/C requires a “clean shipped on board” bill of lading, can a B/L showing only “shipped on board” be accepted? In this case, the shipping line’s policy does not … Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy? Introduction A question sometimes arises when a documentary credit requires a certificate to be issued by one of several parties, expressed using slash marks, but the presented certificate appears on the beneficiary’s letterhead while being signed and stamped by a freight forwarder. The question is whether the difference between the letterhead and the signatory constitutes a discrepancy. Question Dear Mr. … Read More
Thà tử tế nhầm Sáng ra, ngồi nhà cà phê, lướt Facebook, Mr. Old Man gặp một cái tút tiếng Anh thiệt hay. Nguyên văn như thế này: “Do not regret being a good person to the wrong people. Your kindness was real even if their intentions were not. Never feel ashamed for having a soft heart in a world full of selfishness. The … Read More
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing Bank reject the documents if no draft is presented? This question from Firas raises an interesting point about the role of drafts under documentary credits and, in … Read More
Đôi khi dốt tiếng Anh lại cứu được mạng người Lướt Facebook, Mr. Old Man gặp một câu chuyện hài tiếng Anh cũng khá vui. Chuyện là một buổi tối nọ, một lão tỷ phú người Anh đang đi dạo với con chó thì bất ngờ một gã người Pakistan xông ra từ bụi rậm, bắn ba phát và giết chết con chó. Quá sốc, lão tỷ phú hỏi: “Why … Read More
Xuân Son, Hoàng Hên, Tài Lộc là cầu thủ Việt Nam!? Đêm qua, tại sân Mỹ Đình đã diễn ra trận chung kết lượt về ASEAN Cup. Việt Nam hòa Thái Lan 2–2 ở lượt về, thắng chung cuộc 4–2 và lên ngôi vô địch ASEAN Cup lần thứ hai liên tiếp. Chúc mừng đội tuyển Việt Nam! Một trận chung kết thật đáng nhớ. Nhưng có một chuyện làm Mr. … Read More
Hope Hoffman và niềm vui kép Hồi tháng 5/2026, Mr. Old Man đã có một cuộc phỏng vấn với Hope Hoffman – nữ vận động viên người Mỹ vừa giành chức vô địch VNG Ironman Vietnam 140.6 tổ chức tại Đà Nẵng. Xem bài phỏng vấn tại đây: A Quick Interview with Hope Hoffman – Champion of Ironman Da Nang 2026 Mới đây, chỉ 4 ngày … Read More
Hope Hoffman and Double the Joy Back in May 2026, Mr. Old Man had the pleasure of interviewing Hope Hoffman, the American triathlete who won the VNG Ironman Vietnam 140.6 in Da Nang in May 2026. You can read the interview here: A Quick Interview with Hope Hoffman – Champion of Ironman Da Nang 2026 More recently, just four days before her 28th birthday, Hope Hoffman … Read More
Latest Shipment Date, Shipment Date and Period for Presentation A question from Jawad Ahmed, Pakistan, regarding the relationship between the latest date of shipment, the actual shipment date and the period for presentation under an LC. Question Dear Sir, I hope you are doing well. I wanted to ask regarding the subject matter. Can you please clarify Field 44C, i.e. the latest date of shipment, and the shipped on … Read More
When the LC Has Expired: Can the 10-Day Presentation Period Save the Beneficiary? Introduction This question illustrates a common misunderstanding: a presentation period stipulated in the LC does not operate independently of the LC expiry date. Even where the stipulated period extends beyond the expiry date, the beneficiary cannot use that period to keep the credit alive after expiry. Question Dear Mr. Old Man, LC expiry date: 1/8/2026 Latest shipment date: 1/8/2026 Field … Read More
Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement? Introduction The wording used in a letter of credit can sometimes appear more demanding than the wording normally used on a transport document. This raises an interesting practical question: when an L/C requires a “clean shipped on board” bill of lading, can a B/L showing only “shipped on board” be accepted? In this case, the shipping line’s policy does not … Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy? Introduction A question sometimes arises when a documentary credit requires a certificate to be issued by one of several parties, expressed using slash marks, but the presented certificate appears on the beneficiary’s letterhead while being signed and stamped by a freight forwarder. The question is whether the difference between the letterhead and the signatory constitutes a discrepancy. Question Dear Mr. … Read More
Thà tử tế nhầm Sáng ra, ngồi nhà cà phê, lướt Facebook, Mr. Old Man gặp một cái tút tiếng Anh thiệt hay. Nguyên văn như thế này: “Do not regret being a good person to the wrong people. Your kindness was real even if their intentions were not. Never feel ashamed for having a soft heart in a world full of selfishness. The … Read More
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Drafts Under a Letter of Credit Available by Negotiation 27 Aug 2026 Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing Bank reject the documents if no draft is presented? This question from Firas raises an interesting point about the role of drafts under documentary credits and, in …
Đôi khi dốt tiếng Anh lại cứu được mạng người 27 Aug 2026 Lướt Facebook, Mr. Old Man gặp một câu chuyện hài tiếng Anh cũng khá vui. Chuyện là một buổi tối nọ, một lão tỷ phú người Anh đang đi dạo với con chó thì bất ngờ một gã người Pakistan xông ra từ bụi rậm, bắn ba phát và giết chết con chó. Quá sốc, lão tỷ phú hỏi: “Why …
Xuân Son, Hoàng Hên, Tài Lộc là cầu thủ Việt Nam!? 27 Aug 2026 Đêm qua, tại sân Mỹ Đình đã diễn ra trận chung kết lượt về ASEAN Cup. Việt Nam hòa Thái Lan 2–2 ở lượt về, thắng chung cuộc 4–2 và lên ngôi vô địch ASEAN Cup lần thứ hai liên tiếp. Chúc mừng đội tuyển Việt Nam! Một trận chung kết thật đáng nhớ. Nhưng có một chuyện làm Mr. …
Hope Hoffman và niềm vui kép 26 Aug 2026 Hồi tháng 5/2026, Mr. Old Man đã có một cuộc phỏng vấn với Hope Hoffman – nữ vận động viên người Mỹ vừa giành chức vô địch VNG Ironman Vietnam 140.6 tổ chức tại Đà Nẵng. Xem bài phỏng vấn tại đây: A Quick Interview with Hope Hoffman – Champion of Ironman Da Nang 2026 Mới đây, chỉ 4 ngày …
Hope Hoffman and Double the Joy 26 Aug 2026 Back in May 2026, Mr. Old Man had the pleasure of interviewing Hope Hoffman, the American triathlete who won the VNG Ironman Vietnam 140.6 in Da Nang in May 2026. You can read the interview here: A Quick Interview with Hope Hoffman – Champion of Ironman Da Nang 2026 More recently, just four days before her 28th birthday, Hope Hoffman …
Latest Shipment Date, Shipment Date and Period for Presentation 26 Aug 2026 A question from Jawad Ahmed, Pakistan, regarding the relationship between the latest date of shipment, the actual shipment date and the period for presentation under an LC. Question Dear Sir, I hope you are doing well. I wanted to ask regarding the subject matter. Can you please clarify Field 44C, i.e. the latest date of shipment, and the shipped on …
When the LC Has Expired: Can the 10-Day Presentation Period Save the Beneficiary? 23 Aug 2026 Introduction This question illustrates a common misunderstanding: a presentation period stipulated in the LC does not operate independently of the LC expiry date. Even where the stipulated period extends beyond the expiry date, the beneficiary cannot use that period to keep the credit alive after expiry. Question Dear Mr. Old Man, LC expiry date: 1/8/2026 Latest shipment date: 1/8/2026 Field …
Does “Shipped on Board” Satisfy a “Clean Shipped on Board” Requirement? 23 Aug 2026 Introduction The wording used in a letter of credit can sometimes appear more demanding than the wording normally used on a transport document. This raises an interesting practical question: when an L/C requires a “clean shipped on board” bill of lading, can a B/L showing only “shipped on board” be accepted? In this case, the shipping line’s policy does not …
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy? 23 Aug 2026 Introduction A question sometimes arises when a documentary credit requires a certificate to be issued by one of several parties, expressed using slash marks, but the presented certificate appears on the beneficiary’s letterhead while being signed and stamped by a freight forwarder. The question is whether the difference between the letterhead and the signatory constitutes a discrepancy. Question Dear Mr. …
Thà tử tế nhầm 23 Aug 2026 Sáng ra, ngồi nhà cà phê, lướt Facebook, Mr. Old Man gặp một cái tút tiếng Anh thiệt hay. Nguyên văn như thế này: “Do not regret being a good person to the wrong people. Your kindness was real even if their intentions were not. Never feel ashamed for having a soft heart in a world full of selfishness. The …
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?
Mr Old Man Drafts Under a Letter of Credit Available by Negotiation Introduction When a letter of credit is available by negotiation and Field 42C identifies the Issuing Bank as the drawee, does the beneficiary necessarily have to present a draft? Or can the Issuing B… Read More
Certificate on Beneficiary’s Letterhead but Signed by Freight Forwarder — Discrepancy or No Discrepancy?