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 Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
ADDING CONFIRMATION TO AN LC ALREADY CONFIRMED 4 Mar 2010 QUESTION Hello, I need some help. Is it possible for another bank to add confirmation to an LC that has already been confirmed? In other words, can an LC have two open confirmations from two separate banks? Thank you in advance. Kind regards, Emsequeira ———– ANSWER Dear Emsequeira, In trade finance, almost anything is possible—provided the parties involved are willing …
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank subsequently endorses it “To order of DEF Bank”? Is such an endorsement legally valid? More importantly, does the document still comply with the LC requirement? The following question explores … Read More
Negotiation Credit with Expiry in the Issuing Bank’s Country: Where Should Documents Be Presented? A negotiation credit is normally expected to expire in the beneficiary’s country, where the nominated bank is located. But what happens when an L/C is available by negotiation with any bank in the beneficiary’s country while the place of expiry is stated in the issuing bank’s country? This question highlights an unusual drafting issue that could expose the beneficiary to … Read More
Vợ cũng cần… bảo dưỡng? Xem một phim ngắn của Tàu, Mr. Old Man nghe ông chồng nhận xét về vợ mà thấy buồn cười: “Cô ấy 58 tuổi rồi nhưng được bảo dưỡng khá tốt.” “Bảo dưỡng” vốn là từ thường dùng cho xe cộ, máy móc, thiết bị… chứ ai lại dùng cho người. Chắc cô ấy là vợ robot, hoặc là Mr. … Read More
Slot Carrier vs. Actual Carrier on a Bill of Lading – Is It a Discrepancy Under UCP 600? Introduction With the increasing use of slot charter arrangements in container shipping, bills of lading often contain references to both a slot carrier and an actual (operating) carrier, together with different bill of lading numbers. This can create uncertainty for document examiners. In this Q&A, Mr. Old Man explains what a slot carrier is and whether a difference between the … Read More
How to Send a Question to Mr. Old Man Every day, Mr. Old Man receives questions on International Trade Finance and Documentary Credits from readers around the world. For more than 20 years, these questions have been one of the main reasons why www.mroldman.net has continued to grow into a valuable source of practical knowledge for trade finance professionals. Mr. Old Man sincerely appreciates every question he receives. In … Read More
Cách gửi câu hỏi đến Mr. Old Man Mr. Old Man rất vui vì mỗi ngày đều nhận được các câu hỏi về Thanh toán quốc tế và Tài trợ thương mại từ bạn đọc trong và ngoài nước. Mr. Old Man chân thành cảm ơn vì suốt hơn 20 năm qua, chính những câu hỏi của các bạn đã góp phần làm cho website www.mroldman.net ngày càng … Read More
Letter of Invitation for Consultancy Services A branch of a foreign bank in Ho Chi Minh City recently invited Mr. Old Man to join them as a Trade Finance consultant. However, like several previous invitations, he regretfully had to decline this valuable opportunity, primarily due to health reasons.It seems that even after retirement, Mr. Old Man continues to receive opportunities to do what he loves most. … Read More
Ừ thì “ngo như bù”! Anh bạn hàng xóm vốn là nhà báo vừa đăng một cái tút với tiêu đề gây sốc: “Ừ thì ngu như bò!” Trong bài viết, anh hài hước chỉ ra sự nghịch lý trong cách con người so sánh sự ngu ngốc. Miệng thì chê ai đó “ngu như bò”, nhưng lại cho con mình uống sữa bò để … Read More
Trade Finance Career: Where Do I Begin? Introduction: Trade Finance is a fascinating field that combines banking, international trade, logistics, law, and risk management. Many professionals from different backgrounds are now considering it as a long-term career but often wonder where to start. The following question comes from a business analyst preparing for the IIBF-CITF certification and seeking guidance on building a solid foundation in international trade. … Read More
Luis de la Fuente nói về Messi sau khi Tây Ban Nha đánh bại Argentina trong trận chung kết World Cup “Tối nay, Tây Ban Nha ăn mừng chức vô địch thế giới, nhưng trái tim tôi cũng hướng về Lionel Messi. Là một đối thủ, bạn luôn mơ ước đánh bại người giỏi nhất. Là một người yêu bóng đá, không thể không xúc động khi chứng kiến một huyền thoại rời sân với quá nhiều đau đớn.” “Tôi đã … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank subsequently endorses it “To order of DEF Bank”? Is such an endorsement legally valid? More importantly, does the document still comply with the LC requirement? The following question explores … Read More
Negotiation Credit with Expiry in the Issuing Bank’s Country: Where Should Documents Be Presented? A negotiation credit is normally expected to expire in the beneficiary’s country, where the nominated bank is located. But what happens when an L/C is available by negotiation with any bank in the beneficiary’s country while the place of expiry is stated in the issuing bank’s country? This question highlights an unusual drafting issue that could expose the beneficiary to … Read More
Vợ cũng cần… bảo dưỡng? Xem một phim ngắn của Tàu, Mr. Old Man nghe ông chồng nhận xét về vợ mà thấy buồn cười: “Cô ấy 58 tuổi rồi nhưng được bảo dưỡng khá tốt.” “Bảo dưỡng” vốn là từ thường dùng cho xe cộ, máy móc, thiết bị… chứ ai lại dùng cho người. Chắc cô ấy là vợ robot, hoặc là Mr. … Read More
Slot Carrier vs. Actual Carrier on a Bill of Lading – Is It a Discrepancy Under UCP 600? Introduction With the increasing use of slot charter arrangements in container shipping, bills of lading often contain references to both a slot carrier and an actual (operating) carrier, together with different bill of lading numbers. This can create uncertainty for document examiners. In this Q&A, Mr. Old Man explains what a slot carrier is and whether a difference between the … Read More
How to Send a Question to Mr. Old Man Every day, Mr. Old Man receives questions on International Trade Finance and Documentary Credits from readers around the world. For more than 20 years, these questions have been one of the main reasons why www.mroldman.net has continued to grow into a valuable source of practical knowledge for trade finance professionals. Mr. Old Man sincerely appreciates every question he receives. In … Read More
Cách gửi câu hỏi đến Mr. Old Man Mr. Old Man rất vui vì mỗi ngày đều nhận được các câu hỏi về Thanh toán quốc tế và Tài trợ thương mại từ bạn đọc trong và ngoài nước. Mr. Old Man chân thành cảm ơn vì suốt hơn 20 năm qua, chính những câu hỏi của các bạn đã góp phần làm cho website www.mroldman.net ngày càng … Read More
Letter of Invitation for Consultancy Services A branch of a foreign bank in Ho Chi Minh City recently invited Mr. Old Man to join them as a Trade Finance consultant. However, like several previous invitations, he regretfully had to decline this valuable opportunity, primarily due to health reasons.It seems that even after retirement, Mr. Old Man continues to receive opportunities to do what he loves most. … Read More
Ừ thì “ngo như bù”! Anh bạn hàng xóm vốn là nhà báo vừa đăng một cái tút với tiêu đề gây sốc: “Ừ thì ngu như bò!” Trong bài viết, anh hài hước chỉ ra sự nghịch lý trong cách con người so sánh sự ngu ngốc. Miệng thì chê ai đó “ngu như bò”, nhưng lại cho con mình uống sữa bò để … Read More
Trade Finance Career: Where Do I Begin? Introduction: Trade Finance is a fascinating field that combines banking, international trade, logistics, law, and risk management. Many professionals from different backgrounds are now considering it as a long-term career but often wonder where to start. The following question comes from a business analyst preparing for the IIBF-CITF certification and seeking guidance on building a solid foundation in international trade. … Read More
Luis de la Fuente nói về Messi sau khi Tây Ban Nha đánh bại Argentina trong trận chung kết World Cup “Tối nay, Tây Ban Nha ăn mừng chức vô địch thế giới, nhưng trái tim tôi cũng hướng về Lionel Messi. Là một đối thủ, bạn luôn mơ ước đánh bại người giỏi nhất. Là một người yêu bóng đá, không thể không xúc động khi chứng kiến một huyền thoại rời sân với quá nhiều đau đớn.” “Tôi đã … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? 26 Jul 2026 Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank subsequently endorses it “To order of DEF Bank”? Is such an endorsement legally valid? More importantly, does the document still comply with the LC requirement? The following question explores …
Negotiation Credit with Expiry in the Issuing Bank’s Country: Where Should Documents Be Presented? 25 Jul 2026 A negotiation credit is normally expected to expire in the beneficiary’s country, where the nominated bank is located. But what happens when an L/C is available by negotiation with any bank in the beneficiary’s country while the place of expiry is stated in the issuing bank’s country? This question highlights an unusual drafting issue that could expose the beneficiary to …
Vợ cũng cần… bảo dưỡng? 25 Jul 2026 Xem một phim ngắn của Tàu, Mr. Old Man nghe ông chồng nhận xét về vợ mà thấy buồn cười: “Cô ấy 58 tuổi rồi nhưng được bảo dưỡng khá tốt.” “Bảo dưỡng” vốn là từ thường dùng cho xe cộ, máy móc, thiết bị… chứ ai lại dùng cho người. Chắc cô ấy là vợ robot, hoặc là Mr. …
Slot Carrier vs. Actual Carrier on a Bill of Lading – Is It a Discrepancy Under UCP 600? 24 Jul 2026 Introduction With the increasing use of slot charter arrangements in container shipping, bills of lading often contain references to both a slot carrier and an actual (operating) carrier, together with different bill of lading numbers. This can create uncertainty for document examiners. In this Q&A, Mr. Old Man explains what a slot carrier is and whether a difference between the …
How to Send a Question to Mr. Old Man 23 Jul 2026 Every day, Mr. Old Man receives questions on International Trade Finance and Documentary Credits from readers around the world. For more than 20 years, these questions have been one of the main reasons why www.mroldman.net has continued to grow into a valuable source of practical knowledge for trade finance professionals. Mr. Old Man sincerely appreciates every question he receives. In …
Cách gửi câu hỏi đến Mr. Old Man 23 Jul 2026 Mr. Old Man rất vui vì mỗi ngày đều nhận được các câu hỏi về Thanh toán quốc tế và Tài trợ thương mại từ bạn đọc trong và ngoài nước. Mr. Old Man chân thành cảm ơn vì suốt hơn 20 năm qua, chính những câu hỏi của các bạn đã góp phần làm cho website www.mroldman.net ngày càng …
Letter of Invitation for Consultancy Services 23 Jul 2026 A branch of a foreign bank in Ho Chi Minh City recently invited Mr. Old Man to join them as a Trade Finance consultant. However, like several previous invitations, he regretfully had to decline this valuable opportunity, primarily due to health reasons.It seems that even after retirement, Mr. Old Man continues to receive opportunities to do what he loves most. …
Ừ thì “ngo như bù”! 22 Jul 2026 Anh bạn hàng xóm vốn là nhà báo vừa đăng một cái tút với tiêu đề gây sốc: “Ừ thì ngu như bò!” Trong bài viết, anh hài hước chỉ ra sự nghịch lý trong cách con người so sánh sự ngu ngốc. Miệng thì chê ai đó “ngu như bò”, nhưng lại cho con mình uống sữa bò để …
Trade Finance Career: Where Do I Begin? 22 Jul 2026 Introduction: Trade Finance is a fascinating field that combines banking, international trade, logistics, law, and risk management. Many professionals from different backgrounds are now considering it as a long-term career but often wonder where to start. The following question comes from a business analyst preparing for the IIBF-CITF certification and seeking guidance on building a solid foundation in international trade. …
Luis de la Fuente nói về Messi sau khi Tây Ban Nha đánh bại Argentina trong trận chung kết World Cup 21 Jul 2026 “Tối nay, Tây Ban Nha ăn mừng chức vô địch thế giới, nhưng trái tim tôi cũng hướng về Lionel Messi. Là một đối thủ, bạn luôn mơ ước đánh bại người giỏi nhất. Là một người yêu bóng đá, không thể không xúc động khi chứng kiến một huyền thoại rời sân với quá nhiều đau đớn.” “Tôi đã …
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Mr Old Man Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant? Letters of credit frequently require a bill of lading (B/L) consigned “To order” and blank endorsed. But what happens if, after the shipper has blank endorsed the B/L, the presenting bank … Read More
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?
Bill of Lading Blank Endorsed by the Shipper but Subsequently Endorsed by the Presenting Bank: Is It LC Compliant?