Home - Mr. Old Man

Mr Old Man Q&A

D/P AT XXX DAYS AFTER BL DATE

QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (D…
Payment

QUESTIONS REGARDING BPO

QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên…
Payment Q&A

NEGOTIATION WITH OR WITHOUT RECOURSE

QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clar…
Articles Q&A

WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

…
Uncategorized

WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

…
Mr Old Man Q&A

WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

…
Mr Old Man Q&A

CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

…
Mr Old Man Q&A

CHANGING PAYMENT TERMS OF THE LC

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – I…
Mr Old Man Q&A

AMOUNT OF COVER

QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fab…
Mr Old Man Q&A

LC WITH SPECIAL PAYMENT CONDITION

QUESTION Our company is specialized in importing P-phones. Our policy is that the quality,…
Mr Old Man Q&A

AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

QUESTION LC states: – Special condition: Documents showing anycorrections without au…
Mr Old Man Payment Q&A

LC CONFIRMED BY THE FIRST ADVISING BANK

QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a questio…
Mr Old Man Q&A Uncategorized

STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

…
Uncategorized

WHERE DOCUMENTS UNDER D/P ARE NOT PAID

QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller sign…
Mr Old Man Q&A

BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable?…
Articles Payment Q&A

HOW TO GIVE NOTICE OF REFUSAL TO THE BENEFICIARY WHO HAS PRESENTED THE DOCUMENTS DIRECTLY TO THE ISSUING BANK?

QUESTION Dear Mr. Old Man, I understand that sub-article 6 (a) UCP 600 allows the benefici…
Q&A

DP COLLECTION

QUESTION Sir, I want to know, if the documents on DP term are sent with clear instruction …
Payment Q&A

UCP 600 ARTICLES 30 AND 31

QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứ…
Discovery on the cycling road Lifestyle Payment Q&A

WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS

Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to th…
Mr Old Man Payment Q&A

CAN A BANK REFER TO THE PROVISIONS OF ISBP IN ADDITION TO UCP WHEN CHECKING DOCUMENTS?

QUESTION Dear Mr. Old Man, When the LC only indicates UCP 600 as governing rule but not IS…

Q & A

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…

UCP 600 ARTICLES 30 AND 31

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

TO ORDER BILL OF LADING AND ENDORSEMENT

LC CONFIRMED BY THE FIRST ADVISING BANK

Bank

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Payment

UCP 600 ARTICLES 30 AND 31

Mr Old Man

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

Travel In Picture

Lifestyle

Articles

TRỞ LẠI RÚ CẤM NAM Ô: CHUYỆN MIẾU BÀ LIỄU HẠNH VÀ HUYỀN TRÂN CÔNG CHÚA

Tháng 12 năm ấy, Mr. Old Man có một số bài viết về những chuyến đạp xe khám phá được đăng báo, trong đó có bài “Rú Cấm Nam Ô và huyền sử về Huyền Trân Công chúa”, đăng trên trang Văn hóa của Tạp chí C…

CLIP 1️⃣: THƯ TÍN DỤNG CÓ THỂ HUỶ NGANG HAY KHÔNG?

NHỚ MÙI, NHỚ VỊ NƯỚC MẮM NAM Ô XƯA

RED BEACH?

ĐÁNH AI ĐÓ ĐƯỢC GỌI LÀ TÁC ĐỘNG VẬT LÝ!?

Different Reference Format: Is It a Discrepancy?

17 Oct 2026

Intro In documentary credit operations, should a bank raise a discrepancy simply because a document contains a reference in a different format from those seen on previous presentations? Not necessarily! The key is to examine what the LC actually requires, rather than assume that a familiar format has become a mandatory requirement. In this Q&A, Mr. Old Man considers whether …

Can the Shipper on a Bill of Lading Be a Party Other Than the Beneficiary of the L/C?

17 Oct 2026

Introduction In international trade, the beneficiary of a letter of credit (L/C) is not necessarily the party that physically ships the goods. This often happens in transactions involving traders, transferable L/Cs, or back-to-back L/Cs. Sub-article 14(k) of UCP 600 addresses this issue, but does it mean that the shipper must be different from the beneficiary? Mr. Old Man shares his …

CAN A BANK BRANCH ISSUE A GUARANTEE BACKED BY ITS OWN HEAD OFFICE’S COUNTER-GUARANTEE?

17 Oct 2026

An unusual guarantee structure raises an important question: Can a bank obtain legal protection from a counter-guarantee issued by another part of the same bank? Mr. Old Man shares his views on the legal and credit risks involved. Question Dear Mr. Old Man, Our bank is considering a transaction in which our head office would issue a counter-guarantee, while our …

NHỚ NAM YÊN

17 Oct 2026

Nhiều năm trước, tuần nào Mr. Old Man cũng có một, hai lần đạp xe qua cung đường này. Đi nhiều đến mức, tuần nào không đi lại thấy nhớ. Hồi đó, cung đường về Nam Yên, qua các thôn Trường Định và An Định, là một trong những cung đường quyến rũ những người yêu thích đạp xe dã …

Can a Mistyped Covering Schedule Justify a Discrepancy Under UCP 600?

16 Oct 2026

Intro A simple typing error can sometimes lead to an unnecessary dispute in documentary credit operations. But can an incorrectly dated covering schedule justify a late-presentation discrepancy when the documents were actually presented within the stipulated time limit? In this case, the issuing bank refused to withdraw the discrepancy and intended to deduct a discrepancy fee from the proceeds of …

CHƠI FACEBOOK 18 NĂM, MỘT PHEN HÚ HỒN!

14 Oct 2026

Mr. Old Man chơi Facebook cũng ngót nghét 17–18 năm rồi. Tưởng chừng đã quen thuộc với mọi ngóc ngách của cái mạng xã hội này. Ai dè, chỉ vì tò mò một chức năng mới mà được phen hú vía! Chuyện là Facebook có chức năng Subscription, cho phép người đọc đăng ký trả phí hằng tháng để theo …

1 234...397 Page 3 of 397