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 Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Thay nhớt (*) 27 May 2026 Ông già U70 dắt cô bồ đôi mươi đi sinh con. Cô y tá hỏi: “Ông chắc là con ông chớ?” Ông già vuốt tóc đầy tự hào: “Chắc cú! Máy tui chạy tốt mà!” Năm sau… lại thấy ông dắt cô bồ đi sinh tiếp. Cô y tá vẫn hỏi câu cũ: “Ông chắc là con ông chớ?” Ông …
Thử “A Doanh Nghiệp” 27 May 2026 Ông già U70 dắt một thằng cu khoảng 2 tuổi về khoe với ông cụ năm nay đã ngoài 80: “Bố à, giờ bố có cháu nội nối dõi rồi đó!” Ông cụ nhìn thằng bé, mặt đầy nghi ngờ. Thằng cu trắng trẻo, đẹp trai khôi ngô… trong khi thằng cha nó thì đen thùi lùi, nhan sắc hơi …
HOW TO IDENTIFY A FIRM THAT MAY NEED TRADE FINANCE PRODUCTS? 26 May 2026 A reader recently sent Mr. Old Man an interesting question about trade finance and financial statements. It sounds simple at first… but the topic can actually become quite broad if discussed in detail Here is a short and practical answer. Question Dear Mr. Old Man, This may be a genuine question, but would you kindly explain how to determine whether …
When Article 35 Meets Modern Trade Finance Operations 26 May 2026 In the old days, documents were usually dispatched by the nominated bank itself. But today, some banks allow customers or overseas units to access trade finance systems, print the covering schedule, and send documents directly to the issuing bank. So what happens if the documents are lost in transit? Does UCP 600 article 35 still protect the nominated bank? An …
OUT FOR JUSTICE – ĐI TÌM CÔNG LÝ 26 May 2026 Sáng ngồi cà phê, lướt Facebook thấy anh bạn post lại bức chân dung do anh tự vẽ của một tài tử phim hành động nổi tiếng một thời Nhìn phát nhận ra ngay: “À… anh này đóng Out for Justice đây mà!” Hồi xưa Mr. Old Man mê phim của anh này lắm. Không phải kiểu đánh đấm bay …
CHỈ CẦN ĐỔI CHIỀU SUY NGHĨ… 26 May 2026 Mặc dù nghỉ hưu đã lâu, không còn nhu cầu “networking nghề nghiệp” nữa, Mr. Old Man vẫn hay lượn qua LinkedIn — mạng xã hội nghề nghiệp lớn nhất thế giới — để xem thiên hạ, nhất là mấy chuyên gia quốc tế, hôm nay share gì hay ho. Thi thoảng Mr. Old Man cũng góp vui bằng vài …
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On … Read More
Does Field 39A Cover Quantity Tolerance? A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would … Read More
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides … Read More
Đừng để “ngoại ngữ” thành… “ngại ngữ” Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP … Read More
GROWING OLD: WHO WILL TAKE CARE OF US? Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support … Read More
American Retirement, Vietnamese Retirement While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having … Read More
If Only a U70 Brain Had an “Upgrade Storage” Button One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are … Read More
Want Stability? Build Your Own Home Today, Facebook reminded me of something that happened 17 years ago. A reader asked where Mr. Old Man was “moving” to. Well, the house in question wasn’t a real one. It was an online home. About 20 years ago, when Yahoo 360 was launched, Mr. Old Man enthusiastically built a little corner on the Internet to share articles and Q&As … Read More
Muốn an cư thì phải có nhà… Hôm nay Facebook nhắc lại chuyện 17 năm trước, một bạn đọc hỏi Mr. Old Man đang “chuyển nhà mới” đi đâu. He he, nhà ở đây là nhà trên mạng chứ không phải nhà ngoài đời. Khoảng 20 năm trước, khi Yahoo 360 ra mắt, Mr. Old Man cũng hí hửng dựng một căn nhà nhỏ để đăng các … Read More
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On … Read More
Does Field 39A Cover Quantity Tolerance? A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would … Read More
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides … Read More
Đừng để “ngoại ngữ” thành… “ngại ngữ” Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. … Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP … Read More
GROWING OLD: WHO WILL TAKE CARE OF US? Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support … Read More
American Retirement, Vietnamese Retirement While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having … Read More
If Only a U70 Brain Had an “Upgrade Storage” Button One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are … Read More
Want Stability? Build Your Own Home Today, Facebook reminded me of something that happened 17 years ago. A reader asked where Mr. Old Man was “moving” to. Well, the house in question wasn’t a real one. It was an online home. About 20 years ago, when Yahoo 360 was launched, Mr. Old Man enthusiastically built a little corner on the Internet to share articles and Q&As … Read More
Muốn an cư thì phải có nhà… Hôm nay Facebook nhắc lại chuyện 17 năm trước, một bạn đọc hỏi Mr. Old Man đang “chuyển nhà mới” đi đâu. He he, nhà ở đây là nhà trên mạng chứ không phải nhà ngoài đời. Khoảng 20 năm trước, khi Yahoo 360 ra mắt, Mr. Old Man cũng hí hửng dựng một căn nhà nhỏ để đăng các … Read More
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? 3 Jun 2026 In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about two common concerns in timber imports from Africa: whether the L/C expiry date must be linked to the shipping transit time, and whether removing the word “Clean” from “Clean On …
Does Field 39A Cover Quantity Tolerance? 3 Jun 2026 A reader recently sent Mr. Old Man an interesting question about quantity tolerance under an L/C. The issue sounds simple at first glance, but in practice it often creates confusion between sales contract terms, the wording of the credit, and the application of UCP 600 Article 30. Here is the question and discussion. Question Dear Mr. Old Man, I would …
CAN A COMMERCIAL INVOICE EXCEED THE LC AMOUNT? 3 Jun 2026 One area that occasionally causes confusion under UCP 600 is the relationship between Article 18(b) and Article 30(a). Many practitioners assume that a commercial invoice may exceed the LC amount only where the credit expressly allows a tolerance, or where the words “about” or “approximately” are used in connection with the credit amount under Article 30(a). However, Article 18(b) provides …
Đừng để “ngoại ngữ” thành… “ngại ngữ” 3 Jun 2026 Hôm nay một bạn hiện đang định cư ở Mỹ đăng tút khoe đang tập nói tiếng Anh. Bạn lớn tuổi rồi mới bắt đầu học nói nên giọng còn ngọng nghịu, nghe chưa rõ lắm. Nhưng Mr. Old Man thấy vậy lại quý. Ở tuổi đó mà vẫn chịu khó mở miệng học cái mới đã đáng nể rồi. …
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM? 3 Jun 2026 Lading (CPBL), and freight notations on the bill of lading. If a credit is issued under CFR terms, should the bill of lading necessarily indicate “Freight Prepaid”? And if the LC instead requires “Freight Payable as per Charter Party”, would that create a discrepancy or inconsistency with the stated Incoterm? This Q&A discusses the difference between documentary compliance under UCP …
GROWING OLD: WHO WILL TAKE CARE OF US? 2 Jun 2026 Mr. Old Man occasionally reads the Perspective section on VNExpress and genuinely enjoys it. True to its name, Perspective is often not a playground for professional journalists, but a place where people who have spent years bumping into life share their experiences, observations, and thoughts. Today, Mr. Old Man read an article titled “When We Grow Old, Who Will Support …
American Retirement, Vietnamese Retirement 2 Jun 2026 While enjoying a morning coffee and checking emails, Mr. Old Man came across a post on Quora. A Western lady was sharing what a typical day looked like for her newly retired husband. What surprised Mr. Old Man was that the post contained no profound philosophy or life-changing wisdom. It simply described an ordinary day: exercising in the morning, having …
If Only a U70 Brain Had an “Upgrade Storage” Button 2 Jun 2026 One morning over coffee, Mr. Old Man opened the Notes app on his phone, intending to write about something brilliant. He unlocked the phone. Opened the Notes app. Then… just stared at the screen. Completely forgot what he had wanted to write. Many people in their sixties or seventies probably know that feeling well. Before opening the phone, ideas are …
Want Stability? Build Your Own Home 1 Jun 2026 Today, Facebook reminded me of something that happened 17 years ago. A reader asked where Mr. Old Man was “moving” to. Well, the house in question wasn’t a real one. It was an online home. About 20 years ago, when Yahoo 360 was launched, Mr. Old Man enthusiastically built a little corner on the Internet to share articles and Q&As …
Muốn an cư thì phải có nhà… 1 Jun 2026 Hôm nay Facebook nhắc lại chuyện 17 năm trước, một bạn đọc hỏi Mr. Old Man đang “chuyển nhà mới” đi đâu. He he, nhà ở đây là nhà trên mạng chứ không phải nhà ngoài đời. Khoảng 20 năm trước, khi Yahoo 360 ra mắt, Mr. Old Man cũng hí hửng dựng một căn nhà nhỏ để đăng các …
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Mr Old Man Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading? In international trade, many disputes arise not because parties misunderstand UCP 600, but because they mix up legal requirements with commercial practices. A reader recently asked Mr. Old Man about t… Read More
CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?
Does a Longer L/C Expiry Date Mean Greater Risk? And Is the Word “Clean” Really Necessary on a Bill of Lading?