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  • 1 day ago Invoices, Courier Receipts, Copy BLs and Dual Agents – Untangling Four LC Questions
  • 2 days ago Hãng tàu có thể giữ hàng trong bao lâu?
Home Tag Archives: Overdrawn

Tag Archives: Overdrawn

Is $0.01 Overdrawn a Discrepancy?

By Mr Old Man
August 25, 2025
in :  Mr Old Man, Payment, Q&A
0
142

Intro In trade finance, documentary checks often come down to decimals. A difference of just 0.01 in the presented invoice total versus the LC amount may seem trivial, but banks operate under strict rules of compliance. The following Q&A looks at whether such a minor discrepancy should be considered a valid discrepancy under UCP 600 and banking practice. QUESTION Dear …

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SHIPPING GUARANTEES AND OVERDRAWN DISCREPANCY

By Mr Old Man
March 1, 2024
in :  Mr Old Man, Payment, Q&A
0
907

QUESTION Dear Mr. Old Man, Please give your comments for the below case: At the request and for account of the applicant, we issued an LC for an amount not exceeding USD 500,000. As the cargo had arrived before the documents were presented to our bank, at the request of the applicant we issued a shipping guarantee in favour of …

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Invoices, Courier Receipts, Copy BLs and Dual Agents – Untangling Four LC Questions

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Hãng tàu có thể giữ hàng trong bao lâu?

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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

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March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

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TO ORDER BILL OF LADING AND ENDORSEMENT

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Mr. Old Man đi xem Tử chiến trên không

Mr Old Man
1 hour ago

Invoices, Courier Receipts, Copy BLs and Dual Agents – Untangling Four LC Questions

Mr Old Man
1 day ago

Hãng tàu có thể giữ hàng trong bao lâu?

Mr Old Man
2 days ago

When Two LCs depends on Each Other – The Story of Reciprocal Credits

Mr Old Man
4 days ago

Mr Old Man: Dear Kathryn, Thank you for your interesting question. First, banks do not conce...

Kathryn: Dear Mr. Old Man, May I seek your opinion on the following scenario? If goods ar...

Bill: And know your customer....

Mr Old Man: Thank you so much for your kind words. Rup...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit Amendment On board notation SBLC non-documentary conditions CPBL Court Injunction DRAFTS Late presentation Surrendered bill of lading any chinese port expiry-date lc-expired place-of-expiry lc-availability Revolving LC Where the applicant goes bankrupt Where 1/3 BL is to be sent directly to the issuing Insurance document Disposal of docs invoice beneficiarys-name Tà Lang

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PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

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October 19, 2015

UCP 600 ARTICLES 30 AND 31

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EARLY PRESENTATION

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

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  • October 7, 2016

    WHERE A BILL OF LADING INDICATES TWO DIFFERENT AGENTS

  • April 24, 2024

    SBLC SCAM

  • 4 weeks ago

    Switch Bills of Lading: Issue Date vs. On-Board Date under UCP 600

  • May 17, 2025

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  • May 18, 2025

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Top Tags Amendment negotiation CPBL Late presentation any chinese port DRAFTS Court Injunction Surrendered bill of lading Documents lost in transit On board notation expiry-date non-documentary conditions beneficiarys-name Monkey Mountain Challenge 2025 SBLC
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