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 WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
WHEN DOES THE CONFIRMING BANK INSIST ON THE LC TO INCLUDE A REIMBURSEMENT BANK? 8 Feb 2025 QUESTION Dear Mr. Old Man, I hope you are having a good day. Referring to your article “Bank to bank reimbursement under LCs” on March 5, 2010 I have asked a question. If the nominated bank is adding its confirmation to LC, can it request the issuing bank to amend the LC to include a reimbursing bank to get control …
WHEN DOCUMENTS ARE PRESENTED AFTER THE LC EXPIRY DATE 8 Feb 2025 QUESTION Dear Mr. Old Man, I have a question as follows: Is there any ICC opinion on the situation where the issuing bank can return the documents on the grounds that the documents are presented after the LC expiry date? If the Applicant has received the goods, is the issuing bank obliged to pay the documents? Is there a case …
CAN AN LC AVAILABLE BY NEGOTIATION BE ISSUED WITHOUT REQUIRING PRESENTATION OF DRAFTS? 8 Feb 2025 QUESTION Dear Sir, This is Jawad from Askari Bank Pakistan. Please answer my question below: We issued LC available by negotiation and we did not include “All drafts” clause in 47A. Applicant has requested for Amendment in LC today and wants to add Clause in field 47 as below: ‘Drafts / bill of exchange not required.’ Please suggest if we …
IS IT A DISCREPANCY IF ICE NUMBER NOT REQUIRED BY THE LC IS ADDED TO THE ADDRESS AND CONTACT DETAILS OF THE NOTIFY PARTY ON THE BILL OF LADING? 4 Feb 2025 QUESTION Dear Sir We have an LC showing Applicant Name and Address without the ICE NUMBER: 001343300000073. The BL shows this ICE Number: 001343300000073 in Notify Party. Will this be a Discrepancy? Also, if this is not a discrepancy, can you quote the Clause from ISBP proving this. Regards C.R. Nishanth —- ANSWER Hi, According to UCP 600 sub-article 14 (j), …
MUST THE STATEMENT OF DEFAULT BE PRESENTED WITHIN THE VALIDITY OF THE SBLC? 4 Feb 2025 QUESTION Dear Mr. Old Man, At the beginning of the lunar new year, we wish you and your family good health, peace and prosperity. We would like to ask you to advise me on the following case: At the request of our customer (Applicant), our bank issued an MT 760 SBLC in favor of ABC Company (Beneficiary). The SBLC contains …
MONKEY MOUNTAIN CHALLENGE 2025: CAO THỦ LỘ DIỆN 28 Jan 2025 Đó là Trần Mai. Nữ cua rơ xinh đẹp này đã chịu lộ diện sau khi lặng lẽ hoàn thành 42 lượt leo Khỉ Già trong tháng 1/2025 trước khi nghỉ Tết Âm lịch. Không tiết lộ con số cụ thể nhưng dường như bà mẹ hai con này rất quyết tâm và thừa sức để hoàn thành thách thức …
WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride around the city for coffee meetups or conveniently store in my car for spontaneous trips sounded incredibly appealing. However, choosing the right folding bike … Read More
TRÚC LÂM BẠCH MÃ ZEN MONASTERY – A CELESTIAL HAVEN Trúc Lâm Bạch Mã Zen Monastery is perched atop Linh Sơn Mountain, nestled within the tranquil waters of Tỉnh Giác Lake in Truồi, located in Lộc Hòa Commune, Phú Lộc District, Thừa Thiên Huế Province. It is the first Zen monastery in Central Vietnam, founded and developed by Zen Master Thích Thanh Từ, the head of the Trúc Lâm Zen … Read More
EXPLORING THE “HAUNTED HOTEL” ON HẢI VÂN PASS Nestled among pine forests on the south of Hải Vân Pass, a small hotel has been abandoned for years, for reasons unknown. On rainy, gloomy days, when the sky is shrouded in mist, its desolate and eerie appearance easily evokes images of “haunted hotels” from Hollywood horror movies in the minds of those with vivid imaginations. This morning, amidst the … Read More
KHÁM PHÁ “KHÁCH SẠN MA” TRÊN ĐÈO HẢI VÂN (Update) —————————————————- Update: “Khám phá ‘khách sạn ma’ trên đèo Hải Vân” được Mr. Old Man viết cách đây 4 năm trong một lần đạp xe qua đèo Hải Vân. Bài viết không chỉ kể về một trải nghiệm khám phá mà còn một đề xuất ý tưởng “khùng điên” – khôi phục lại khách sạn bỏ hoang, tạo ra một … Read More
DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft required? 2. Clarification on the role of a Nominated Bank: If an LC is available with Bank A for negotiation, how should the nominated bank be … Read More
GHÉ THĂM QUÁN MÍT HÔNG BÀ NAM – KÝ ỨC VỀ MỘT MÓN QUÊ Bốn năm trước, trong chuyến đạp xe đến Tam Kỳ để thưởng thức món mít hông trứ danh, tôi có dịp ghé quán của bà Nam. Khi ấy, tôi ngồi trò chuyện cùng bà và các cô con gái về món ăn vặt dân dã của xứ Quảng. Câu chuyện thú vị đến mức, về nhà, tôi còn viết một … Read More
QUESTION REGARDING DOCUMENT PRESENTATION AFTER LC EXPIRY QUESTION Dear Mr. Old Man, I have a question regarding the presentation of documents after the expiration of an LC, as follows: • Date and Place of Expiry: April 18, 2025, in Vietnam • Latest Shipment Date: March 30, 2025 • Estimated Time of Departure: April 21, 2025 Given this schedule, I advised the beneficiary to request an amendment from … Read More
CHATTOGRAM VS CHITTAGONG QUESTION Hi Sir, Short question. LC states “Chattogram seaport” as the place of delivery while BL presented states “Chittagong”. Both names are the same in Bangladeshi. Chattogram = Chittagong. Is this a discrepancy? Best regards, Pocholo Jose Lim — ANSWER Hi, Yes, Chittagong and Chattogram are the same. It is explained that Chittagong is officially called “Chattogram” because “Chattogram” is … Read More
CHECK-IN AT GIANT TURTLE ROCK Along the celestial road that winds through Hai Van Pass, travelers can pause at various spots to marvel at the majestic pass—once honored by Emperor Minh Mang as “The world’s most majestic pass”. Among these stops, one place stands out: Giant Turtle Rock. About 6 km from the foot of Hai Van Pass, a row of hillside cafés clings precariously … Read More
CYCLING TO VISIT TRA KIEU PARISH It was a beautiful day when I set out on an 80 km cycling trip to visit Tra Kieu Parish, one of the oldest parishes in the Vietnamese Catholic Church, established around 1630, shortly after Hoi An Parish. Located 40 km southwest of Da Nang, Tra Kieu Parish, also known as the Tra Kieu Marian Center, is an important pilgrimage … Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride around the city for coffee meetups or conveniently store in my car for spontaneous trips sounded incredibly appealing. However, choosing the right folding bike … Read More
TRÚC LÂM BẠCH MÃ ZEN MONASTERY – A CELESTIAL HAVEN Trúc Lâm Bạch Mã Zen Monastery is perched atop Linh Sơn Mountain, nestled within the tranquil waters of Tỉnh Giác Lake in Truồi, located in Lộc Hòa Commune, Phú Lộc District, Thừa Thiên Huế Province. It is the first Zen monastery in Central Vietnam, founded and developed by Zen Master Thích Thanh Từ, the head of the Trúc Lâm Zen … Read More
EXPLORING THE “HAUNTED HOTEL” ON HẢI VÂN PASS Nestled among pine forests on the south of Hải Vân Pass, a small hotel has been abandoned for years, for reasons unknown. On rainy, gloomy days, when the sky is shrouded in mist, its desolate and eerie appearance easily evokes images of “haunted hotels” from Hollywood horror movies in the minds of those with vivid imaginations. This morning, amidst the … Read More
KHÁM PHÁ “KHÁCH SẠN MA” TRÊN ĐÈO HẢI VÂN (Update) —————————————————- Update: “Khám phá ‘khách sạn ma’ trên đèo Hải Vân” được Mr. Old Man viết cách đây 4 năm trong một lần đạp xe qua đèo Hải Vân. Bài viết không chỉ kể về một trải nghiệm khám phá mà còn một đề xuất ý tưởng “khùng điên” – khôi phục lại khách sạn bỏ hoang, tạo ra một … Read More
DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft required? 2. Clarification on the role of a Nominated Bank: If an LC is available with Bank A for negotiation, how should the nominated bank be … Read More
GHÉ THĂM QUÁN MÍT HÔNG BÀ NAM – KÝ ỨC VỀ MỘT MÓN QUÊ Bốn năm trước, trong chuyến đạp xe đến Tam Kỳ để thưởng thức món mít hông trứ danh, tôi có dịp ghé quán của bà Nam. Khi ấy, tôi ngồi trò chuyện cùng bà và các cô con gái về món ăn vặt dân dã của xứ Quảng. Câu chuyện thú vị đến mức, về nhà, tôi còn viết một … Read More
QUESTION REGARDING DOCUMENT PRESENTATION AFTER LC EXPIRY QUESTION Dear Mr. Old Man, I have a question regarding the presentation of documents after the expiration of an LC, as follows: • Date and Place of Expiry: April 18, 2025, in Vietnam • Latest Shipment Date: March 30, 2025 • Estimated Time of Departure: April 21, 2025 Given this schedule, I advised the beneficiary to request an amendment from … Read More
CHATTOGRAM VS CHITTAGONG QUESTION Hi Sir, Short question. LC states “Chattogram seaport” as the place of delivery while BL presented states “Chittagong”. Both names are the same in Bangladeshi. Chattogram = Chittagong. Is this a discrepancy? Best regards, Pocholo Jose Lim — ANSWER Hi, Yes, Chittagong and Chattogram are the same. It is explained that Chittagong is officially called “Chattogram” because “Chattogram” is … Read More
CHECK-IN AT GIANT TURTLE ROCK Along the celestial road that winds through Hai Van Pass, travelers can pause at various spots to marvel at the majestic pass—once honored by Emperor Minh Mang as “The world’s most majestic pass”. Among these stops, one place stands out: Giant Turtle Rock. About 6 km from the foot of Hai Van Pass, a row of hillside cafés clings precariously … Read More
CYCLING TO VISIT TRA KIEU PARISH It was a beautiful day when I set out on an 80 km cycling trip to visit Tra Kieu Parish, one of the oldest parishes in the Vietnamese Catholic Church, established around 1630, shortly after Hoi An Parish. Located 40 km southwest of Da Nang, Tra Kieu Parish, also known as the Tra Kieu Marian Center, is an important pilgrimage … Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
WHO RIDES FOLDING BIKES? 30 Mar 2025 Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride around the city for coffee meetups or conveniently store in my car for spontaneous trips sounded incredibly appealing. However, choosing the right folding bike …
TRÚC LÂM BẠCH MÃ ZEN MONASTERY – A CELESTIAL HAVEN 30 Mar 2025 Trúc Lâm Bạch Mã Zen Monastery is perched atop Linh Sơn Mountain, nestled within the tranquil waters of Tỉnh Giác Lake in Truồi, located in Lộc Hòa Commune, Phú Lộc District, Thừa Thiên Huế Province. It is the first Zen monastery in Central Vietnam, founded and developed by Zen Master Thích Thanh Từ, the head of the Trúc Lâm Zen …
EXPLORING THE “HAUNTED HOTEL” ON HẢI VÂN PASS 29 Mar 2025 Nestled among pine forests on the south of Hải Vân Pass, a small hotel has been abandoned for years, for reasons unknown. On rainy, gloomy days, when the sky is shrouded in mist, its desolate and eerie appearance easily evokes images of “haunted hotels” from Hollywood horror movies in the minds of those with vivid imaginations. This morning, amidst the …
KHÁM PHÁ “KHÁCH SẠN MA” TRÊN ĐÈO HẢI VÂN (Update) 29 Mar 2025 —————————————————- Update: “Khám phá ‘khách sạn ma’ trên đèo Hải Vân” được Mr. Old Man viết cách đây 4 năm trong một lần đạp xe qua đèo Hải Vân. Bài viết không chỉ kể về một trải nghiệm khám phá mà còn một đề xuất ý tưởng “khùng điên” – khôi phục lại khách sạn bỏ hoang, tạo ra một …
DRAFTS AND NOMINATED BANK UNDER LETTERS OF CREDIT SUBJECT TO UCP 600 28 Mar 2025 QUESTION Dear Mr. Old Man, I seek your guidance on international trade practices concerning drafts in Letters of Credit (LC) transactions: 1. Under what terms of an LC is the presentation of a draft required? 2. Clarification on the role of a Nominated Bank: If an LC is available with Bank A for negotiation, how should the nominated bank be …
GHÉ THĂM QUÁN MÍT HÔNG BÀ NAM – KÝ ỨC VỀ MỘT MÓN QUÊ 28 Mar 2025 Bốn năm trước, trong chuyến đạp xe đến Tam Kỳ để thưởng thức món mít hông trứ danh, tôi có dịp ghé quán của bà Nam. Khi ấy, tôi ngồi trò chuyện cùng bà và các cô con gái về món ăn vặt dân dã của xứ Quảng. Câu chuyện thú vị đến mức, về nhà, tôi còn viết một …
QUESTION REGARDING DOCUMENT PRESENTATION AFTER LC EXPIRY 27 Mar 2025 QUESTION Dear Mr. Old Man, I have a question regarding the presentation of documents after the expiration of an LC, as follows: • Date and Place of Expiry: April 18, 2025, in Vietnam • Latest Shipment Date: March 30, 2025 • Estimated Time of Departure: April 21, 2025 Given this schedule, I advised the beneficiary to request an amendment from …
CHATTOGRAM VS CHITTAGONG 26 Mar 2025 QUESTION Hi Sir, Short question. LC states “Chattogram seaport” as the place of delivery while BL presented states “Chittagong”. Both names are the same in Bangladeshi. Chattogram = Chittagong. Is this a discrepancy? Best regards, Pocholo Jose Lim — ANSWER Hi, Yes, Chittagong and Chattogram are the same. It is explained that Chittagong is officially called “Chattogram” because “Chattogram” is …
CHECK-IN AT GIANT TURTLE ROCK 26 Mar 2025 Along the celestial road that winds through Hai Van Pass, travelers can pause at various spots to marvel at the majestic pass—once honored by Emperor Minh Mang as “The world’s most majestic pass”. Among these stops, one place stands out: Giant Turtle Rock. About 6 km from the foot of Hai Van Pass, a row of hillside cafés clings precariously …
CYCLING TO VISIT TRA KIEU PARISH 25 Mar 2025 It was a beautiful day when I set out on an 80 km cycling trip to visit Tra Kieu Parish, one of the oldest parishes in the Vietnamese Catholic Church, established around 1630, shortly after Hoi An Parish. Located 40 km southwest of Da Nang, Tra Kieu Parish, also known as the Tra Kieu Marian Center, is an important pilgrimage …
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More
Articles WHO RIDES FOLDING BIKES? Already owning a road bike, a mountain bike, and a touring bike, I couldn’t help but be intrigued by those charming folding bikes I often saw around town. The idea of having one to casually ride aroun… Read More