Search for:

May 10, 2025

Contact

Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

Home
Articles

The Grueling Return to Cửa Khẻm Cape
THE KIDS OF TRUONG DINH
FUN BIKING MOMENTS IN AMSTERDAM
PARTIAL PAYMENT ON DISCREPANT DOCUMENTS
MISSING ĐÔNG GIANG – A JOURNEY OF MEMORY AND MOUNTAIN ROADS
Lifestyle

The Grueling Return to Cửa Khẻm Cape
THE KIDS OF TRUONG DINH
FUN BIKING MOMENTS IN AMSTERDAM
MISSING ĐÔNG GIANG – A JOURNEY OF MEMORY AND MOUNTAIN ROADS
The Third Return to the Lost Village
Discovery on the cycling road

The Grueling Return to Cửa Khẻm Cape
THE KIDS OF TRUONG DINH
FUN BIKING MOMENTS IN AMSTERDAM
MISSING ĐÔNG GIANG – A JOURNEY OF MEMORY AND MOUNTAIN ROADS
The Third Return to the Lost Village
Q&A
Popular

3 New Articles

23 minutes ago The Grueling Return to Cửa Khẻm Cape
6 hours ago ENDORSEMENT OF DRAFTS UNDER A LETTER OF CREDIT – WHO OWNS THE PROCEEDS
9 hours ago DOCUMENTS PRESENTED UNDER AN EXPIRED L/C

Home Uncategorized WHETHER THE INSURANCE CERTIFICATE MUST BE ENDORSED…

Uncategorized

WHETHER THE INSURANCE CERTIFICATE MUST BE ENDORSED…

By Mr Old Man

Posted on April 16, 2014

4 second read

2,192

Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Pinterest
Share on Linkedin
Share on Tumblr

WHETHER THE INSURANCE CERTIFICATE MUST BE ENDORSED….

Share on Facebook
Share on Twitter
Share on Google+
Share on Reddit
Share on Pinterest
Share on Linkedin
Share on Tumblr

Previous article WHETHER THE INSURANCE CERTIFICATE MUST BE ENDORSED…

Next article WHETHER THE INSURANCE CERTIFICATE MUST BE ENDORSED…

Mr Old Man

Dear Readers, I am happy to update some information about myself. I have been retired for four years after spending 30 years at Vietcombank, one of Vietnam’s leading banks. Throughout my career, I held various positions, from staff member to leadership roles, gaining extensive experience in international payments and trade finance. Since 2000, I have written hundreds of articles on international payments and trade finance, published in banking journals in Vietnam such as Banking Review, Financial Market & Monetary Review, and Vietcombank Bulletin. Additionally, I have shared more than 1,500 articles and Q&As on the same topics on my personal website (www.mroldman.net), WordPress blog, and Facebook. Since 2010, I have been contributing to Trade Services Update (LC Monitor) as a Country Editor, providing numerous articles and insights to the publication. I have also had the opportunity to be a speaker and presenter at various conferences, discussing issues and topics related to international payments and trade finance, engaging with professionals in the field. Beyond my professional work, I have been passionate about cycling. So, in addition to articles on letters of credit and trade finance, you may also find my stories about cycling journeys exploring the beautiful landscapes of my homeland—an experience that has given me many unforgettable memories. Thank you for your continued support, for following my work, and for sending in your questions every day. In answering them, I, too, have learned a great deal from your perspectives and inquiries. I hope the articles and Q&As I share on my website, WordPress blog, and other platforms will continue to be valuable for your daily work for many years to come. Best regards, Mr. Old Man

Click To Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comment *

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.

Δ

Related Articles
More By Mr Old Man
More In Uncategorized

D/P AT XXX DAYS AFTER BL DATE

QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (D…

January 22, 2014
4 min read
QUESTIONS REGARDING BPO

QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên…

January 18, 2014
23 min read
NEGOTIATION WITH OR WITHOUT RECOURSE

QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clar…

December 30, 2013
4 min read
WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

…

December 13, 2013
10 min read
WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

…

December 5, 2013
1 min read
WHY IS FIELD 46A OPTIONAL?

…

December 3, 2013
1 min read
WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

…

November 30, 2013
3 min read
DOCUMENTS ARE TO BE PRESENTED WITHIN XX DAYS FROM/AFTER SHIPMENT DATE

…

November 29, 2013
4 min read
CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

…

November 27, 2013
4 min read
REIMBURSEMENT CLAIM

…

November 26, 2013
6 min read
INSURANCE DOCUMENT ISSUED TO ORDER OF THE ISSUING BANK

…

November 22, 2013
2 min read
CHANGING PAYMENT TERMS OF THE LC

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – I…

November 18, 2013
4 min read
AMOUNT OF COVER

QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fab…

November 13, 2013
3 min read
ABBREVIATIONS

…

November 7, 2013
2 min read
LC WITH SPECIAL PAYMENT CONDITION

QUESTION Our company is specialized in importing P-phones. Our policy is that the quality,…

November 7, 2013
3 min read
TOLERANCE APPLICABLE AGAINST INDIVIDUAL QUANTITIES

…

November 5, 2013
1 min read
LC IS TRANSFERABLE

…

October 30, 2013
1 min read
ANOTHER CASE OF ASSIGNMENT OF PROCEEDS

…

October 24, 2013
4 min read
AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

QUESTION LC states: – Special condition: Documents showing anycorrections without au…

October 19, 2013
6 min read
DOMESTIC LC

…

October 17, 2013
6 min read
WHY AVAILABLE BY PAYMENT INSTEAD OF AVAILABLE BY NEGOTIATION?

…

October 11, 2013
4 min read
ASSIGNMENT IN FAVOUR OF THE NOMINATED BANK

…

October 5, 2013
11 min read
INVOICE NOT ISSUED BY THE BENEFICIARY

…

October 2, 2013
3 min read
ADDRESS OF THE BENEFICIARY

…

September 23, 2013
2 min read
CERTIFICATE OF ORIGIN INDICATING A QUANTITY GREATER THAN THAT STATED IN THE CREDIT

…

September 17, 2013
2 min read
LC CONFIRMED BY THE FIRST ADVISING BANK

QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a questio…

September 15, 2013
2 min read
A FULL SET OF BILLS OF LADING MEANS A FULL SET OF ORIGINAL BILLS OF LADING

…

September 14, 2013
2 min read
THE NAME OF THE COUNTRY NEED NOT BE STATED

…

September 11, 2013
1 min read
CARGO TO BE RELEASED WITH MORE THAN ONE BILL OF LADING TO BE SURRENDERED

…

September 10, 2013
3 min read
COUNTER GUARANTEE

…

September 9, 2013
14 min read
STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

…

September 7, 2013
2 min read
CORRECTION AND ALTERATION

…

September 7, 2013
4 min read
A CERTIFICATE MUST BE ISSUED BY THE ENTITY STATED IN THE CREDIT

…

August 29, 2013
4 min read
DOCUMENTS PRESENTED DIRECTLY TO THE ISSUING BANK

…

August 23, 2013
3 min read
BL AND BL RIDER SIGNED WITH DIFFERENT SIGNATURES

…

August 15, 2013
6 min read
NEED THE NAME OF THE COUNTRY BE STATED?

…

August 15, 2013
1 min read
CAD

QUESTION Dear Mr. Old Man, Mr. Old Man cho em hỏi nghiệp vụ CAD xuất khẩu và nhập khẩu đượ…

August 6, 2013
12 min read
HOW TO DETERMINE THE PRESENTATION PERIOD WHEN MULTIPLE SETS OF BILLS OF LADING ARE PRESENTED

…

July 31, 2013
6 min read
WHERE ORIGINAL BILLS OF LADING ARE NOT REQUIRED TO BE PRESENTED

…

July 26, 2013
5 min read
SHIPPED ON BOARD THE PRE-CARRIAGE VESSEL

…

July 25, 2013
4 min read
PLACE OF AVAILABILITY VS PLACE OF EXPIRY

…

July 20, 2013
2 min read
PLACE OF PRESENTATION

…

July 15, 2013
3 min read
WHEN LC REQUIRES PRESENTATION OF LESS THAN A FULL SET OF ORIGINAL BILLS OF LADING

…

July 9, 2013
2 min read
EXPRESS BILL OF LADING

…

July 8, 2013
3 min read
WHERE DOCUMENTS UNDER D/P ARE NOT PAID

QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller sign…

June 25, 2013
5 min read
WHERE THE BL DATE IS REFERRED TO AS THE DATE OF ISSUANCE

…

June 21, 2013
4 min read
WHETHER SUB-ARTICLE 14 (c) IS APPLICABLE

…

June 21, 2013
2 min read
BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable?…

June 15, 2013
3 min read
The Grueling Return to Cửa Khẻm Cape

In Search of a Hidden Path to Hòa Vân Village This morning, I set off with a friend to rev…

23 minutes ago
6 min read
ENDORSEMENT OF DRAFTS UNDER A LETTER OF CREDIT – WHO OWNS THE PROCEEDS

QUESTION Dear Mr. Old Man, I have 2 questions that need your expertise clarification: 1/ D…

6 hours ago
5 min read
DOCUMENTS PRESENTED UNDER AN EXPIRED L/C

QUESTION Hi Mr. Old Man, Our bank presented documents under a Letter of Credit that had al…

9 hours ago
4 min read

Load More Related Articles

The Grueling Return to Cửa Khẻm Cape

In Search of a Hidden Path to Hòa Vân Village This morning, I set off with a friend to rev…

23 minutes ago
6 min read
ENDORSEMENT OF DRAFTS UNDER A LETTER OF CREDIT – WHO OWNS THE PROCEEDS

QUESTION Dear Mr. Old Man, I have 2 questions that need your expertise clarification: 1/ D…

6 hours ago
5 min read
DOCUMENTS PRESENTED UNDER AN EXPIRED L/C

QUESTION Hi Mr. Old Man, Our bank presented documents under a Letter of Credit that had al…

9 hours ago
4 min read

Load More By Mr Old Man

SHOULD YOU BUY A ROAD BIKE OR A MOUNTAIN BIKE?

Lately, a bunch of cycling newbies have been pulling me aside asking the classic question:…

2 weeks ago
4 min read
DISCOUNTING A DPU INCURRED BY ISUING BANK

QUESTION Dear Mr. Old Man, I have a question regarding the situation where a non-n…

September 14, 2024
5 min read
CONSIGNEE ON DOCUMENTS OTHER THAN CERTIFICATE OF ORIGIN (updated with ISBP 821)

QUESTION Dear Mr. Old Man! It is understood that where a bill of lading is made out to the…

January 5, 2024
2 min read

Load More In Uncategorized

Check Also

The Grueling Return to Cửa Khẻm Cape

In Search of a Hidden Path to Hòa Vân Village This morning, I set off with a friend to rev…

About me

Recent Posts

The Grueling Return to Cửa Khẻm Cape

Mr Old Man

23 minutes ago

ENDORSEMENT OF DRAFTS UNDER A LETTER OF CREDIT – WHO OWNS THE PROCEEDS

Mr Old Man

6 hours ago

DOCUMENTS PRESENTED UNDER AN EXPIRED L/C

Mr Old Man

9 hours ago

THE KIDS OF TRUONG DINH

Mr Old Man

14 hours ago

Popular
Recent
Comments
Tags

UCP 600 ARTICLES 30 AND 31

March 16, 2010

FIELD 72 (SENDER TO RECEIVER INFORMATION) OF MT 103

March 8, 2010

TRANSFERRING BANK S LIABILITY UNDER TRANSFERRED LC

March 6, 2010

TO ORDER BILL OF LADING AND ENDORSEMENT

March 6, 2010

The Grueling Return to Cửa Khẻm Cape

23 minutes ago

ENDORSEMENT OF DRAFTS UNDER A LETTER OF CREDIT – WHO OWNS THE PROCEEDS

6 hours ago

DOCUMENTS PRESENTED UNDER AN EXPIRED L/C

9 hours ago

THE KIDS OF TRUONG DINH

14 hours ago

Vo Ngoc Vinh: great experience, i enjoyed it...

Mr Old Man: Hi, I am not sure I understand your question correctly. According to sub-article...

Iqbal Moolla: Dear Mr. Old Man, I trust you are well. If there is a Deferred Payment LC for 90...

Mr Old Man: Hi, 1/ If the issuing bank intends that it will authorize the reimbursing bank t...

negotiation Documents lost in transit Monkey Mountain Challenge 2025 On board notation SBLC non-documentary conditions Amendment without delay lc-availability any chinese port Tà Lang beneficiarys-name place-of-expiry Late presentation expiry-date transferred LC NUMBER OF ORIGINALS Disposal of docs notify party lc-expired 24 hour charity cycling event Hoa Bac Court Injunction Shipping guarantee Hai Dang Tien Sa

Follow Me

Popular posts

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

Mr Old Man

October 19, 2015

UCP 600 ARTICLES 30 AND 31

Mr Old Man

March 16, 2010

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

Mr Old Man

July 31, 2018

LC CONFIRMED BY THE FIRST ADVISING BANK

Mr Old Man

September 15, 2013

Travel

EARLY PRESENTATION

Mr Old Man

September 11, 2017

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

Timeline

March 6, 2010
PARTIAL SHIPMENT
August 13, 2020
THE FORCE MAJEURE RULE *
March 17, 2010
WHETHER A CONGENBILL IS A CHARTER PARTY BILL OF LADING
February 9, 2014
INSURANCE AMOUNT
August 4, 2019
eUCP VERSION 2.O ARTICLE e12
March 7, 2010
ANOTHER QUERY ON REVOLVING LC

Top Tags Shipping guarantee Documents lost in transit beneficiarys-name lc-availability place-of-expiry Tà Lang negotiation Late presentation Amendment non-documentary conditions On board notation any chinese port without delay SBLC Monkey Mountain Challenge 2025

© Copyright 2014 - 2017 | Mr Old Man Theme by ThietKeWebDaNang.Com | All Rights Reserved | Powered by Cuongnq