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3 New Articles
  • 44 minutes ago Mistyping of the L/C Number on Documents: Is It a Valid Discrepancy?
  • 49 minutes ago Late Payment Interest Claim under a Sight Letter of Credit
  • 54 minutes ago Does “Clean On Board” Eliminate the Need for a Dated Onboard Notation?

UCP 600 ARTICLES 30 AND 31

1

QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứu về UCP và có mấy phần khó hiểu ở điều 30,31 xin được hỏi anh: -Có phải trong thư L/C ở những chổ ghi số tiền hoặc hàng hóa có chữ about,approximately thì dung sai là 10%? -Hàng hóa tính bằng …

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FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

2

Zen’s query Anh Đức mến! Trước hết rất cám ơn anh vì đã là một .. friend của em,;)nhờ vậy em đã học được rất nhiều những kiến thức trong TTQT từ những Entry anh đang post hàng ngày. Thực ra tiếng Anh của em cũng không đến nỗi tệ để có thể đọc được những bài viết English của …

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TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

3

QUERY Hi Mr. Old man, Could you give me a word of advice in this case? Details as follows: A transferable L/C is issued by bank A in favor of Ben 1 and Ben 1 transfer this LC to Ben 2 by MT720 through bank B (the bank is nominated as transfering bank in original LC). Ben 2 presents docs …

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TO ORDER BILL OF LADING AND ENDORSEMENT

4

QUERY FROM POPBABI Sent To: Mr. Old Man B/L If L/C require B/L to order endorsed of Issuing Bank , it is synonymous with requirement on B/L to be endorsed by Shipper ? At that time, Consignee on B/L must be one of each cases: – to order – to order of shipper – blank – to bearer ——————————————– COMMENT …

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SWITCH BILL OF LADING

5

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DRAFT PAYABLE TO THE ORDER OF THE NOMINATED BANK

6

QUERY FROM SHAHRIAR dear duc, thanks for your excellent analysis. as you have said that a draft is required for a post export finance and nominated bank require a draft for negotiation. but the draft in concern is never on the nominated bank and therefore not even endorsed by them. how can then a draft help a nominated bank then? …

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WHAT DOES “AVAILABLE WITH ANY BANK BY NEGOTIATION” MEAN IN VIETNAMESE?

7

QUESTION Anonymous writes: Xin cho hỏi cụm Available in any bank by negotiation có nghĩa là gì và nếu có thể thì dịch sang tiếng việt sao cho thoát ý? —- ANSWER Hi, Cụm từ này có nghĩa là “có thể xuất trình chứng từ tại bất kỳ ngân hàng nào để chiết khấu”. Tiện đây, Mr. Old Man nói …

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WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS

8

Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to the following case: At the request of the applicant, we issued an L/C fully secured by the applicant’s deposit account with our bank. The documents required for presentation including 3/3 original bills of lading made out to the order of our bank notify the …

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AMENDMENT

9

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WHERE BILL OF LADING INDICATES AN ADDITIONAL NOTIFY PARTY NOT REQUIRED BY LC

10

QUESTION Dear Mr. Old Man, I have a case relating notify party in bill of lading. LC requires:  Full (3/3) set of originals clean shipped on board … and notify the applicant with full name and address. LC applicant: MKH CO.,LTD …….. DIEN BIEN PHU STREET, HO CHI MINH CITY, VIETNAM Bill of Lading presented shows two notify parties as follows: Notify …

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Recent Posts

Mistyping of the L/C Number on Documents: Is It a Valid Discrepancy?

Mr Old Man
44 minutes ago

Late Payment Interest Claim under a Sight Letter of Credit

Mr Old Man
49 minutes ago

Does “Clean On Board” Eliminate the Need for a Dated Onboard Notation?

Mr Old Man
54 minutes ago

Does a Certificate Stating Compliance with a Phytosanitary Certificate Satisfy the L/C Requirement?

Mr Old Man
1 hour ago
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UCP 600 ARTICLES 30 AND 31

Mr Old Man
March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

Mr Old Man
March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

Mr Old Man
March 6, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

Mr Old Man
March 6, 2010

Mistyping of the L/C Number on Documents: Is It a Valid Discrepancy?

Mr Old Man
44 minutes ago

Late Payment Interest Claim under a Sight Letter of Credit

Mr Old Man
49 minutes ago

Does “Clean On Board” Eliminate the Need for a Dated Onboard Notation?

Mr Old Man
54 minutes ago

Does a Certificate Stating Compliance with a Phytosanitary Certificate Satisfy the L/C Requirement?

Mr Old Man
1 hour ago

Anonymous: Thank you for your reply. Yes, it was in the notify party details. It made me he...

Mr Old Man: I assume this email address appears in the notify party details. If the credit s...

Anonymous: Hi Mr. Old Man , What about the case where the email in the BL appears as "ABCST...

Rupnarayan Bose: I fully agree with this view. What the UCP says is the minimum obligation of the...

Facebook Monkey Mountain Challenge 2025 Documents lost in transit negotiation Insurance fraud Amendment confirmation place-of-expiry On board notation DRAFTS Insurance document invoice CPBL notify party Chợ Nồi Rang Messi endorsement Force Majeure Chat GPT Mr Old Man SBLC Late presentation Surrendered bill of lading expiry-date

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man
October 19, 2015

UCP 600 ARTICLES 30 AND 31

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WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

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TO ORDER BILL OF LADING AND ENDORSEMENT

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Travel

EARLY PRESENTATION

Mr Old Man
September 11, 2017

QUESTION Dear Mr Old Man, I am Dang from Vietnam Prosperity bank. I know …

Timeline

  • February 16, 2014

    MR. OLD MAN HAS MOVED HIS BLOG TO WORDPRESS

  • May 18, 2025

    UNDERSTANDING THE ROLE AND OBLIGATIONS OF A NOMINATED BANK UNDER A NEGOTIATION CREDIT

  • 3 weeks ago

    Insurance Requirement “Irrespective of Percentage” – Can It Be Removed from an LC?

  • January 19, 2026

    Does an Inter – Bank Courier Clause Override the LC Presentation Period?

  • May 27, 2026

    Lại gặp cụ khách hàng năm xửa năm xưa

  • June 3, 2026

    CFR TERM, CHARTER PARTY BILLS OF LADING, AND FREIGHT NOTATIONS: DOES “FREIGHT PAYABLE” CREATE A PROBLEM?

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