QUESTION Dear sir, Please provide your opinion on the matter below. We have issued a back-to-back LC against a master LC.  The beneficiary’s bank made the presentation under the back-to-back LC but unfortunately documents have been lost in transit. Now what steps can we take to make presentation under the master LC to receive payment and settle the back-to-back LC …

QUESTION Dear Mr. Old Man, I have a question for you. Let’s assume that the nominated bank received a presentation from the beneficiary and determined that the documents were complying with the terms and conditions of the LC. However, the documents were destroyed by accident while waiting for DHL to pick up. Can the nominated bank claim reimbursement from the …

QUESTION Kính gửi: Mr. Old Man Bên em có case đang tranh cãi với trường hợp LC hết hạn ở Việt Nam một số bạn có ý kiến cho rằng đã hết hạn ở Việt Nam thì sẽ ngoại trừ điều khoản 35 UCP600, nghĩa là bộ chứng từ phải xuất trình gốc tại issuing bank mới được thanh toán …

QUERY FROM NGOCNGO Sent To: Mr. Old Man Em muon hoi anh mot chut. Neu ngan hang chiet khau da chiet khau bo chung tu va chuyen bo chung tu cho ngan hang phat hanh, nhung bi that lac trong qua trinh van chuyen thi theo UCP600, ngan hang phat hanh van phai thanh toan cho ngan hang chiet khau, …