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 Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … Read More
Address Updates in Export Documents Following Administrative Reorganization 1 Jul 2025 QUESTION Dear Sir, Good day and hope you’re doing well! Today marks a rather special occasion as our country prepares to enter a new phase with significant changes ahead. On this occasion, I have an interesting question that I hope you could kindly take some time to help clarify. According to Resolution No. 1682/NQ-UBTVQH15 regarding the reorganization of administrative units, …
CLARIFICATION ON CRM DOCUMENT EXAMINATION STANDARDS 1 Jul 2025 QUESTION Dear Mr. Old Man, Thank you so much for your swift response — your explanation has clarified the previous issue for us. We are now facing another matter and would greatly appreciate your guidance: As the Confirming Bank, we received a set of documents that appear to be compliant, including a CMR document printed on white paper with an …
MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO 30 Jun 2025 June News Bảy ngày lang thang trên đất Hàn Quốc, cộng thêm những cơn mưa lớn dai dẳng giữa mùa hè như muốn thử thách lòng người, đã khiến nhịp độ leo núi của Trần Mai chậm lại so với năm tháng đầu năm đầy sung mãn. Thế nhưng, dù thời tiết chẳng chiều lòng người, Trần Mai vẫn khép …
Phiếm bàn từ “xụt bệ” với Chat GPT 29 Jun 2025 Sáng cuối tuần, cà phê ở quán quen, anh bạn già vừa ngồi xuống đã buông câu than: – “Cái xe đạp bữa ni xụt bệ quá, đi cà giựt cà giựt!” Nghe tới chữ “xụt bệ”, Mr. Old Man hơi khựng lại. Lâu lắm rồi mới thấy từ này bật ra từ miệng một người bạn… rặt giọng Quảng …
Field 46A vs. 47A in LCs: Are All Documents Treated Equally? 29 Jun 2025 QUESTION Dear Mr. Old Man, I’ve heard of your name for years and now would like to trouble you with a question, hoping you might spare a moment for some expert advice. Are documents required under fields 46A and 47A of an LC treated equally? For example: The issuing bank and applicant agree to state the requirement for a Phytosanitary …
Careful, You Might Fall for Mr. Chat GPT 28 Jun 2025 (Especially if you’re the type who gets a little lonely and loves a polite, soft-spoken conversationalist) This morning, over coffee, I found myself chatting with the gentlemanly Chat GPT about the word “xục bệ”. I’ve heard it now and then, but a quick Google search turned up nothing. So I turned to Chat GPT for help. After a while of …
Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would be appropriate to raise a discrepancy for the export documents. I have a further question: Is it possible for the freight amount under a CFR Incoterm to … Read More
A Note of Thanks – And a Little Update from Mr. Old Man A Note of Thanks – And a Little Update from Mr. Old Man Dear friends, Despite the growing number of resources and the rise of tools like ChatGPT, I’m deeply touched that so many of you—both in Vietnam and around the world—still trust me with your questions about international payments and trade finance. Thank you sincerely for your continued confidence. … Read More
When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable? I recently received an email from a friend — a lawyer working at Hana Bank in South Korea. He explained that his bank is currently dealing with a wave of fraudulent international transfers. In these cases, hackers had intercepted email communications between businesses and altered the beneficiary’s account number in the payment instructions. As a result, tens of millions of … 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 (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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would be appropriate to raise a discrepancy for the export documents. I have a further question: Is it possible for the freight amount under a CFR Incoterm to … Read More
A Note of Thanks – And a Little Update from Mr. Old Man A Note of Thanks – And a Little Update from Mr. Old Man Dear friends, Despite the growing number of resources and the rise of tools like ChatGPT, I’m deeply touched that so many of you—both in Vietnam and around the world—still trust me with your questions about international payments and trade finance. Thank you sincerely for your continued confidence. … Read More
When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable? I recently received an email from a friend — a lawyer working at Hana Bank in South Korea. He explained that his bank is currently dealing with a wave of fraudulent international transfers. In these cases, hackers had intercepted email communications between businesses and altered the beneficiary’s account number in the payment instructions. As a result, tens of millions of … 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 (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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Freight over FOB? No Worries, My Friend! 12 Jul 2025 QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would be appropriate to raise a discrepancy for the export documents. I have a further question: Is it possible for the freight amount under a CFR Incoterm to …
A Note of Thanks – And a Little Update from Mr. Old Man 11 Jul 2025 A Note of Thanks – And a Little Update from Mr. Old Man Dear friends, Despite the growing number of resources and the rise of tools like ChatGPT, I’m deeply touched that so many of you—both in Vietnam and around the world—still trust me with your questions about international payments and trade finance. Thank you sincerely for your continued confidence. …
When the Account Name Doesn’t Match the Number: Should the Bank Be Held Liable? 11 Jul 2025 I recently received an email from a friend — a lawyer working at Hana Bank in South Korea. He explained that his bank is currently dealing with a wave of fraudulent international transfers. In these cases, hackers had intercepted email communications between businesses and altered the beneficiary’s account number in the payment instructions. As a result, tens of millions of …
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 …
Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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
Mr Old Man Freight over FOB? No Worries, My Friend! QUESTION Dear Mr. Old Man, Apologies for the delayed response, and thank you very much for your detailed explanation. Based on your clarification, I understand that in the case we discussed, it would … 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