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 A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Ocean Bill of Lading with Inland Final Destination — Article 19 or Article 20? 19 Dec 2025 Intro One of the most common — and persistent — areas of confusion in document examination arises when a credit requires an ocean bill of lading, but the routing information in the L/C or the transport document refers to an inland final destination. Does this automatically turn the document into a multimodal transport document to be examined under UCP 600 …
Mr. Old Man sai mà vui!!! 19 Dec 2025 Tối qua, Mr. Old Man ngồi xem trực tiếp trận chung kết bóng đá SEA Games 33 giữa Việt Nam và Thái Lan. Xem mà buồn thúi ruột: U22 Việt Nam bị dẫn 2–0 ngay từ hiệp 1. Thất vọng quá, Mr. Old Man tắt TV, leo lên giường lướt Facebook cho đỡ tức thì bắt gặp Son Đinh Hoàng …
Fire, General Average, and LC Obligations 18 Dec 2025 Can Documents Still Be Presented — and Should the LC Be Amended? Intro In international trade, accidents at sea are not uncommon. Fires, groundings, and collisions may lead to cargo damage and the declaration of General Average by the carrier or salvor. When such events occur before documents are presented under a letter of credit, issuing banks are often confronted …
Mr. Old Man và 2.000 km Không Cần VAR 18 Dec 2025 Mr. Old Man từng là tay chơi xe đạp “không phải dạng vừa”. Mỗi sáng leo đèo Hải Vân như đi chợ, đỉnh Khỉ Già thì ngày nào cũng lên ngắm mây, đều như vắt chanh. Có tháng hăng lên đạp tới 3.200 km, không biết mệt là gì. Tính sơ sơ, 5 năm gom lại cũng đủ quãng đường …
Mr. Old Man không nghiện cà phê!? 17 Dec 2025 Đặt câu hỏi vậy cho có vẻ… nghiêm trọng, chứ thật ra nếu đã gọi là nghiện thì thường khó bỏ. Còn Mr. Old Man thì khác. Muốn bỏ là bỏ được liền, không luyến tiếc, không day dứt, không cần cai nghiện gì ráo trọi. Mr. Old Man bắt đầu uống cà phê – và cả hút thuốc – …
Manually Signed Invoice vs. Digitally Signed Invoice 14 Dec 2025 When ISBP Default Rules Meet an Express LC Requirement One of the most common misunderstandings in document checking arises from relying on ISBP default provisions while overlooking what the credit itself expressly requires. A typical example is the commercial invoice: ISBP tells us when an invoice need not be signed — but what happens when the LC explicitly calls for …
A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Payments and Trade Finance.” But then… life had other plans. International Payments and Trade Finance truly turned out to be a kind of calling. And that … Read More
Insurance Endorsement under an LC: “Endorsed to Bank” or “To the Order of Bank”? Intro Insurace documents under letters of credit often create confusion—especially when beneficiaries apply bill of lading concepts to insurance policies or certificates. One recurring grey area is whether an insurance document should be endorsed “to” a named bank or “to the order of” that bank, particularly when the credit expressly requires the document to be transferable. The following Q&A addresses … Read More
DDP, Insurance Documents, and Unloading Risk: Getting Incoterms® Right in an LC Context Intro One of the recurring sources of confusion in trade finance arises when Incoterms® are mechanically copied into a letter of credit without considering what those rules actually require — or do not require. A typical example is an LC issued on DDP terms that nevertheless calls for the presentation of an insurance policy or certificate. Is that correct? And … Read More
Can a Confirming Bank Refuse When Documents Arrive After Expiry? Intro In practice, documents are often presented to a nominated bank close to the LC expiry date and then forwarded onward to a confirming bank. This raises a recurring question: does the confirming bank have the right to refuse simply because the documents reach its counter after expiry? The following scenario illustrates why forwarding time must not be confused with … Read More
Lại nhớ chuyện… tào lao thời SQDB: Khi tiểu đội trưởng phải… xuống nước Hôm nay, thêm một bạn đồng môn ĐHSP Huế, cũng là đồng nghiệp ở CĐSP Nghĩa Bình, sau khi đọc tút Facebook của Mr. Old Man đã gửi tặng thêm một tấm ảnh chụp thời tham gia khóa SQDB năm đó (tiếc là không có Mr. Old Man). Nói thiệt, nhìn hình dáng ốm nhách và nước ảnh đen trắng … Read More
Xem ảnh cũ thời SQDB – nhớ toàn chuyện… tào lao Hôm qua, tình cờ lướt Facebook, Mr. Old Man bắt gặp một anh bạn từng là đồng môn ĐHSP Huế, sau này lại đồng nghiệp ở CĐSP Nghĩa Bình, chia sẻ tấm ảnh chụp chung với mấy ông mặc đồ bộ đội, mặt mũi nghiêm túc lắm. Nhìn kỹ mới té ngửa: hóa ra đó là những “đồng chí” cùng … Read More
On Board Date Format on a Bill of Lading: Is “25.12.24” a Discrepancy? Intro One of the most common — and often unnecessary — discrepancies raised in document examination relates to the format of dates shown on transport documents. Examiners sometimes hesitate when a date is expressed numerically rather than with the month stated in words. But does such hesitation have any basis under ISBP 821? Let’s look at a straightforward example. __________ … Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference? Intro Credits often require that documents “indicate the L/C reference,” but do not always specify which reference is meant. Is it the issuing bank’s LC number? Or could a negotiating bank expect its own reference to appear on the documents? Mr. Old Man looks at this question through the lens of UCP 600 and ISBP 821. Question Dear Mr. Old … Read More
**Split Payments Under an LC: 80% of Invoice Amount or 80% of LC Amount?** Intro Credits that split payment between shipment and installation often cause confusion when partial shipments are involved. The key question is whether payment should be linked to a percentage of the invoice or a percentage of the LC amount. Question Dear Mr. Old Man, We have an LC for USD 10,000, available by payment. The LC provides: 80% payable against … Read More
Chốt đơn Q&A mọi lúc mọi nơi!!! Sáng nay ngồi ở Traditional Café, nhâm nhi ly cà phê mà cũng “chốt đơn” được 2 câu hỏi khá thú vị. Về nhà chỉ việc edit nhẹ rồi up website. Facebook thì tuần này kín lịch từ thứ Hai tới Chủ nhật, nên mấy bài này đành cho lên lịch trước — chạy thẳng sang… tuần sau, lố qua … Read More
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Payments and Trade Finance.” But then… life had other plans. International Payments and Trade Finance truly turned out to be a kind of calling. And that … Read More
Insurance Endorsement under an LC: “Endorsed to Bank” or “To the Order of Bank”? Intro Insurace documents under letters of credit often create confusion—especially when beneficiaries apply bill of lading concepts to insurance policies or certificates. One recurring grey area is whether an insurance document should be endorsed “to” a named bank or “to the order of” that bank, particularly when the credit expressly requires the document to be transferable. The following Q&A addresses … Read More
DDP, Insurance Documents, and Unloading Risk: Getting Incoterms® Right in an LC Context Intro One of the recurring sources of confusion in trade finance arises when Incoterms® are mechanically copied into a letter of credit without considering what those rules actually require — or do not require. A typical example is an LC issued on DDP terms that nevertheless calls for the presentation of an insurance policy or certificate. Is that correct? And … Read More
Can a Confirming Bank Refuse When Documents Arrive After Expiry? Intro In practice, documents are often presented to a nominated bank close to the LC expiry date and then forwarded onward to a confirming bank. This raises a recurring question: does the confirming bank have the right to refuse simply because the documents reach its counter after expiry? The following scenario illustrates why forwarding time must not be confused with … Read More
Lại nhớ chuyện… tào lao thời SQDB: Khi tiểu đội trưởng phải… xuống nước Hôm nay, thêm một bạn đồng môn ĐHSP Huế, cũng là đồng nghiệp ở CĐSP Nghĩa Bình, sau khi đọc tút Facebook của Mr. Old Man đã gửi tặng thêm một tấm ảnh chụp thời tham gia khóa SQDB năm đó (tiếc là không có Mr. Old Man). Nói thiệt, nhìn hình dáng ốm nhách và nước ảnh đen trắng … Read More
Xem ảnh cũ thời SQDB – nhớ toàn chuyện… tào lao Hôm qua, tình cờ lướt Facebook, Mr. Old Man bắt gặp một anh bạn từng là đồng môn ĐHSP Huế, sau này lại đồng nghiệp ở CĐSP Nghĩa Bình, chia sẻ tấm ảnh chụp chung với mấy ông mặc đồ bộ đội, mặt mũi nghiêm túc lắm. Nhìn kỹ mới té ngửa: hóa ra đó là những “đồng chí” cùng … Read More
On Board Date Format on a Bill of Lading: Is “25.12.24” a Discrepancy? Intro One of the most common — and often unnecessary — discrepancies raised in document examination relates to the format of dates shown on transport documents. Examiners sometimes hesitate when a date is expressed numerically rather than with the month stated in words. But does such hesitation have any basis under ISBP 821? Let’s look at a straightforward example. __________ … Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference? Intro Credits often require that documents “indicate the L/C reference,” but do not always specify which reference is meant. Is it the issuing bank’s LC number? Or could a negotiating bank expect its own reference to appear on the documents? Mr. Old Man looks at this question through the lens of UCP 600 and ISBP 821. Question Dear Mr. Old … Read More
**Split Payments Under an LC: 80% of Invoice Amount or 80% of LC Amount?** Intro Credits that split payment between shipment and installation often cause confusion when partial shipments are involved. The key question is whether payment should be linked to a percentage of the invoice or a percentage of the LC amount. Question Dear Mr. Old Man, We have an LC for USD 10,000, available by payment. The LC provides: 80% payable against … Read More
Chốt đơn Q&A mọi lúc mọi nơi!!! Sáng nay ngồi ở Traditional Café, nhâm nhi ly cà phê mà cũng “chốt đơn” được 2 câu hỏi khá thú vị. Về nhà chỉ việc edit nhẹ rồi up website. Facebook thì tuần này kín lịch từ thứ Hai tới Chủ nhật, nên mấy bài này đành cho lên lịch trước — chạy thẳng sang… tuần sau, lố qua … Read More
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
A DAILY CASE STUDY STORY 28 Dec 2025 (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Payments and Trade Finance.” But then… life had other plans. International Payments and Trade Finance truly turned out to be a kind of calling. And that …
Insurance Endorsement under an LC: “Endorsed to Bank” or “To the Order of Bank”? 27 Dec 2025 Intro Insurace documents under letters of credit often create confusion—especially when beneficiaries apply bill of lading concepts to insurance policies or certificates. One recurring grey area is whether an insurance document should be endorsed “to” a named bank or “to the order of” that bank, particularly when the credit expressly requires the document to be transferable. The following Q&A addresses …
DDP, Insurance Documents, and Unloading Risk: Getting Incoterms® Right in an LC Context 26 Dec 2025 Intro One of the recurring sources of confusion in trade finance arises when Incoterms® are mechanically copied into a letter of credit without considering what those rules actually require — or do not require. A typical example is an LC issued on DDP terms that nevertheless calls for the presentation of an insurance policy or certificate. Is that correct? And …
Can a Confirming Bank Refuse When Documents Arrive After Expiry? 25 Dec 2025 Intro In practice, documents are often presented to a nominated bank close to the LC expiry date and then forwarded onward to a confirming bank. This raises a recurring question: does the confirming bank have the right to refuse simply because the documents reach its counter after expiry? The following scenario illustrates why forwarding time must not be confused with …
Lại nhớ chuyện… tào lao thời SQDB: Khi tiểu đội trưởng phải… xuống nước 25 Dec 2025 Hôm nay, thêm một bạn đồng môn ĐHSP Huế, cũng là đồng nghiệp ở CĐSP Nghĩa Bình, sau khi đọc tút Facebook của Mr. Old Man đã gửi tặng thêm một tấm ảnh chụp thời tham gia khóa SQDB năm đó (tiếc là không có Mr. Old Man). Nói thiệt, nhìn hình dáng ốm nhách và nước ảnh đen trắng …
Xem ảnh cũ thời SQDB – nhớ toàn chuyện… tào lao 25 Dec 2025 Hôm qua, tình cờ lướt Facebook, Mr. Old Man bắt gặp một anh bạn từng là đồng môn ĐHSP Huế, sau này lại đồng nghiệp ở CĐSP Nghĩa Bình, chia sẻ tấm ảnh chụp chung với mấy ông mặc đồ bộ đội, mặt mũi nghiêm túc lắm. Nhìn kỹ mới té ngửa: hóa ra đó là những “đồng chí” cùng …
On Board Date Format on a Bill of Lading: Is “25.12.24” a Discrepancy? 25 Dec 2025 Intro One of the most common — and often unnecessary — discrepancies raised in document examination relates to the format of dates shown on transport documents. Examiners sometimes hesitate when a date is expressed numerically rather than with the month stated in words. But does such hesitation have any basis under ISBP 821? Let’s look at a straightforward example. __________ …
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference? 23 Dec 2025 Intro Credits often require that documents “indicate the L/C reference,” but do not always specify which reference is meant. Is it the issuing bank’s LC number? Or could a negotiating bank expect its own reference to appear on the documents? Mr. Old Man looks at this question through the lens of UCP 600 and ISBP 821. Question Dear Mr. Old …
**Split Payments Under an LC: 80% of Invoice Amount or 80% of LC Amount?** 23 Dec 2025 Intro Credits that split payment between shipment and installation often cause confusion when partial shipments are involved. The key question is whether payment should be linked to a percentage of the invoice or a percentage of the LC amount. Question Dear Mr. Old Man, We have an LC for USD 10,000, available by payment. The LC provides: 80% payable against …
Chốt đơn Q&A mọi lúc mọi nơi!!! 23 Dec 2025 Sáng nay ngồi ở Traditional Café, nhâm nhi ly cà phê mà cũng “chốt đơn” được 2 câu hỏi khá thú vị. Về nhà chỉ việc edit nhẹ rồi up website. Facebook thì tuần này kín lịch từ thứ Hai tới Chủ nhật, nên mấy bài này đành cho lên lịch trước — chạy thẳng sang… tuần sau, lố qua …
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?
Articles A DAILY CASE STUDY STORY (Vietnamese version below) On this day, eight years ago, Mr. Old Man shared his last case study and said goodbye — rather reluctantly — to his passion project, “A Daily Case Study on International Pay… Read More
Must Documents Show the Issuing Bank’s LC Reference — and What About the Negotiating Bank’s Reference?