August 16, 2025
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Mr. Old Man For those who eat, sleep and breathe Letters of Credit & Cycling

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    Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

    Gặp lại khách hàng “vừa cũ vừa già”

      LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

    BIỂN CẤM TẮM BIỂN & CHAT GPT

    THE CAD CONNECTION – A STORY FROM OVER 30 YEARS AGO

  • Lifestyle

    PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

    Gặp lại khách hàng “vừa cũ vừa già”

    BIỂN CẤM TẮM BIỂN & CHAT GPT

    THE CAD CONNECTION – A STORY FROM OVER 30 YEARS AGO

    CÁI DUYÊN CAD – CHUYỆN HƠN 30 NĂM VỀ TRƯỚC

  • Discovery on the cycling road

    SỬ GIẶC LÀ GÌ?

    Cầu Nguyễn Văn Trỗi: Từ Con Đường Chiến Tranh Đến Lối Đi Bộ Bình Yên – Chứng Nhân Lặng Lẽ Của Quá Khứ Đà Nẵng

    Nguyen Van Troi Bridge: From War Path to Peaceful Footpath — A Quiet Witness of Da Nang’s Tumultuous Past

    GIÀ GÂN PHƯỢT THỦ

    MONKEY MOUNTAIN CHALLENGE 2025: BẤT CHẤP MƯA GIÓ, TRÁI TIM VẪN HƯỚNG VỀ ĐỈNH CAO

  • Q&A
  • Popular
3 New Articles
  • 1 day ago Case Note – Negotiation of Deferred Payment Undertaking Without Authorization
  • 1 day ago PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”
  • 2 days ago Endorse First, Cancel Later — Can the Beneficiary Still Win?

For those who eat, sleep and breathe Letters of Credit

  • Mr Old Man Q&A

    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…

  • Payment

    QUESTIONS REGARDING BPO

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

  • Payment Q&A

    NEGOTIATION WITH OR WITHOUT RECOURSE

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

  • Articles Q&A

    WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

    …

  • Uncategorized

    WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

    …

  • Mr Old Man Q&A

    WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

    …

  • Mr Old Man Q&A

    CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

    …

  • Mr Old Man Q&A

    CHANGING PAYMENT TERMS OF THE LC

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

  • Mr Old Man Q&A

    AMOUNT OF COVER

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

  • Mr Old Man Q&A

    LC WITH SPECIAL PAYMENT CONDITION

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

  • Mr Old Man Q&A

    AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

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

  • Mr Old Man Payment Q&A

    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…

  • Mr Old Man Q&A Uncategorized

    STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

    …

  • Uncategorized

    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…

  • Mr Old Man Q&A

    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?…

  • Mr Old Man Payment Q&A

    CAN A BANK REFER TO THE PROVISIONS OF ISBP IN ADDITION TO UCP WHEN CHECKING DOCUMENTS?

    QUESTION Dear Mr. Old Man, When the LC only indicates UCP 600 as governing rule but not IS…

  • Discovery on the cycling road Lifestyle Payment Q&A

    WHERE THE APPLICANT REFUSES TO TAKE UP THE DOCUMENTS

    Yellow sand beach, Hai Van Pass QUESTION Dear Mr. Old Man, We appreciate your answer to th…

  • Payment Q&A

    UCP 600 ARTICLES 30 AND 31

    QUERY FROM DIAMOND HK Điều 30,31 trong UCP Em là sinh viên năm 3 kinh tế,em đang nghiên cứ…

  • Q&A

    DP COLLECTION

    QUESTION Sir, I want to know, if the documents on DP term are sent with clear instruction …

  • Articles Payment Q&A

    HOW TO GIVE NOTICE OF REFUSAL TO THE BENEFICIARY WHO HAS PRESENTED THE DOCUMENTS DIRECTLY TO THE ISSUING BANK?

    QUESTION Dear Mr. Old Man, I understand that sub-article 6 (a) UCP 600 allows the benefici…

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Q & A

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
21
147,340

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

UCP 600 ARTICLES 30 AND 31

March 16, 2010
129
34,725

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

July 31, 2018
5
32,969

LC CONFIRMED BY THE FIRST ADVISING BANK

September 15, 2013
9
31,053

TO ORDER BILL OF LADING AND ENDORSEMENT

March 6, 2010
61
29,923

Bank

Mr Old Man

PARTIAL SHIPMENTS UNDER SUB-ARTICLE 31 (B)

By Mr Old Man
October 19, 2015
Payment

UCP 600 ARTICLES 30 AND 31

By Mr Old Man
March 16, 2010
Mr Old Man

WHETHER MT999 IS AN AUTHENTICATED SWIFT MESSAGE

By Mr Old Man
July 31, 2018

Travel In Picture

Lifestyle

Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
0
99

Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Recent Posts

D/P AT XXX DAYS AFTER BL DATE

By Mr Old Man
in :  Mr Old Man, Q&A
32
16,803
22 Jan 2014

QUESTION Dear Mr. Old Man, As far as I know there are only two types of collection: D/P (Documents Against Payment) and D/A (Documents Against Acceptance). However, I’ve just heard about a strange collection: D/P at xxx days after BL date. Please let me know if there is such a strange collection. If there is, what is the difference between …


QUESTIONS REGARDING BPO

By Mr Old Man
in :  Payment
13
9,079
18 Jan 2014

QUESTION Kính gửi anh Old Man, Hiện nay em cũng đang nghiên cứu về sản phẩm BPO, tuy nhiên còn khá mới mẻ tại Việt Nam. Anh có thể chia sẻ với em một chút kiến thức về sản phẩm này không ạ (phương thức giao dịch, …). Em cảm ơn a nhiều ———— ANSWER Hi, Cung cấp cho bạn …


NEGOTIATION WITH OR WITHOUT RECOURSE

By Mr Old Man
in :  Payment, Q&A
9
9,465
30 Dec 2013

QUESTION In response to a query at http://letterofcreditforum.com/content/i-need-some-clarification-regards-lc, you wrote: “Different from LC available by payment, LC available by negotiation allows the beneficiary to receive the payment by negotiating the sight drafts and documents at a nominated negotiating bank which is normally located in his country. The negotiation may be effected on a with or without recourse basis”. I do …


WHETHER A CONFIRMING BANK IS A NOMINATED BANK AND…

By Mr Old Man
in :  Articles, Q&A
16
9,982
13 Dec 2013


WHETHER DOCUMENTS CAN BE PRESENTED DIRECTLY TO THE ISSUING BANK

By Mr Old Man
in :  Uncategorized
24
12,678
5 Dec 2013


WHY IS FIELD 46A OPTIONAL?

By Mr Old Man
in :  Uncategorized
7
10,175
3 Dec 2013


WHERE A MMTD CANNOT BE ISSUED IN NEGOTIABLE FORM

By Mr Old Man
in :  Mr Old Man, Q&A
2
4,532
30 Nov 2013


DOCUMENTS ARE TO BE PRESENTED WITHIN XX DAYS FROM/AFTER SHIPMENT DATE

By Mr Old Man
in :  Uncategorized
14
13,811
29 Nov 2013


CLAIMS PAYABLE, SETTLING AGENT, FRANCHISE, EXCESS (DEDUCTIBLE)

By Mr Old Man
in :  Mr Old Man, Q&A
5
8,768
27 Nov 2013


REIMBURSEMENT CLAIM

By Mr Old Man
in :  Uncategorized
2
7,489
26 Nov 2013


INSURANCE DOCUMENT ISSUED TO ORDER OF THE ISSUING BANK

By Mr Old Man
in :  Uncategorized
5
8,980
22 Nov 2013


CHANGING PAYMENT TERMS OF THE LC

By Mr Old Man
in :  Mr Old Man, Q&A
31
12,240
18 Nov 2013

QUESTION Dear Sir. Need a clarification on transferable LC regarding clause 42C. – If the original LC mentions LC at sight, can the 1st beneficiary change this to LC 30 days usance when transferring this LC to the 2nd beneficiary ( if the 2nd beneficiary agrees to LC 30 days). If a sight LC is transferred as a sight LC, …


AMOUNT OF COVER

By Mr Old Man
in :  Mr Old Man, Q&A
0
5,750
13 Nov 2013

QUESTION The LC was issued for $8,000 showing as follows: – Field 45: Commodity: Fabrics Total amount: $10,000 TT advance $ 2,000 – Field 46: Insurance cert cover for 110% invoice value Documents presented: – Invoice shows: Commodity: Fabrics Actual shipped goods amount: $10,000 TT advance $ 2,000 Invoice amount: $8,8000 – Insurance Certificate shows: Sum insured: $8800. Is the …


ABBREVIATIONS

By Mr Old Man
in :  Uncategorized
7
8,709
7 Nov 2013


LC WITH SPECIAL PAYMENT CONDITION

By Mr Old Man
in :  Mr Old Man, Q&A
10
7,505
7 Nov 2013

QUESTION Our company is specialized in importing P-phones. Our policy is that the quality, quantity and condition of the goods must be checked at our end. If the goods are satisfactory we will sign Hand Over Certificate which is the key document to trigger the payment. According to the contract we have to open a letter of credit in favour …


TOLERANCE APPLICABLE AGAINST INDIVIDUAL QUANTITIES

By Mr Old Man
in :  Uncategorized
4
11,131
5 Nov 2013


LC IS TRANSFERABLE

By Mr Old Man
in :  Uncategorized
2
5,779
30 Oct 2013


ANOTHER CASE OF ASSIGNMENT OF PROCEEDS

By Mr Old Man
in :  Uncategorized
2
5,623
24 Oct 2013


AUTHENTICATION OF CORRECTIONS ON BILL OF LADING AND INVOICE

By Mr Old Man
in :  Mr Old Man, Q&A
2
7,594
19 Oct 2013

QUESTION LC states: – Special condition: Documents showing anycorrections without authentication by the issuer are not acceptable. – Invoice must be certified by Chamber of Commerce – Trade terms: CFR ADEN SEAPORT YEMEN The presented BL shows the letterhead of PIL Pte Ltd andis signed by PIL Vietnam Co., Ltd as Agent for the Carrier:PIL Pte Ltd. The presented invoice …


DOMESTIC LC

By Mr Old Man
in :  Uncategorized
0
7,152
17 Oct 2013


WHY AVAILABLE BY PAYMENT INSTEAD OF AVAILABLE BY NEGOTIATION?

By Mr Old Man
in :  Uncategorized
2
7,769
11 Oct 2013


ASSIGNMENT IN FAVOUR OF THE NOMINATED BANK

By Mr Old Man
in :  Mr Old Man, Q&A
0
4,907
5 Oct 2013


INVOICE NOT ISSUED BY THE BENEFICIARY

By Mr Old Man
in :  Uncategorized
10
9,525
2 Oct 2013


ADDRESS OF THE BENEFICIARY

By Mr Old Man
in :  Uncategorized
2
7,822
23 Sep 2013


CERTIFICATE OF ORIGIN INDICATING A QUANTITY GREATER THAN THAT STATED IN THE CREDIT

By Mr Old Man
in :  Uncategorized
5
5,724
17 Sep 2013


LC CONFIRMED BY THE FIRST ADVISING BANK

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
9
31,053
15 Sep 2013

QUESTION Dear Mr. Old Man, I follow up your blog and see it very helpful. I have a question for you. Bank B sent Bank C an MT 710 showing some details as follows: Field 40B (Form of Documentary Credit): IRREVOCABLE ADDING OUR CONFIRMATION Field 52A (ISSUING BANK): BANK A Field 41A: (Available with … by): BANK B BY NEGOTIATION …


A FULL SET OF BILLS OF LADING MEANS A FULL SET OF ORIGINAL BILLS OF LADING

By Mr Old Man
in :  Uncategorized
1
16,034
14 Sep 2013


THE NAME OF THE COUNTRY NEED NOT BE STATED

By Mr Old Man
in :  Uncategorized
10
5,894
11 Sep 2013


CARGO TO BE RELEASED WITH MORE THAN ONE BILL OF LADING TO BE SURRENDERED

By Mr Old Man
in :  Uncategorized
19
6,603
10 Sep 2013


COUNTER GUARANTEE

By Mr Old Man
in :  Uncategorized
0
6,759
9 Sep 2013


STAMP IN A LANGUAGE OTHER THAN THAT REQUIRED IN THE CREDIT

By Mr Old Man
in :  Mr Old Man, Q&A, Uncategorized
11
7,185
7 Sep 2013


CORRECTION AND ALTERATION

By Mr Old Man
in :  Uncategorized
2
6,134
7 Sep 2013


A CERTIFICATE MUST BE ISSUED BY THE ENTITY STATED IN THE CREDIT

By Mr Old Man
in :  Uncategorized
6
6,917
29 Aug 2013


DOCUMENTS PRESENTED DIRECTLY TO THE ISSUING BANK

By Mr Old Man
in :  Uncategorized
2
15,150
23 Aug 2013


BL AND BL RIDER SIGNED WITH DIFFERENT SIGNATURES

By Mr Old Man
in :  Uncategorized
18
7,879
15 Aug 2013


NEED THE NAME OF THE COUNTRY BE STATED?

By Mr Old Man
in :  Uncategorized
0
4,516
15 Aug 2013


CAD

By Mr Old Man
in :  Uncategorized
0
7,075
6 Aug 2013

QUESTION Dear Mr. Old Man, Mr. Old Man cho em hỏi nghiệp vụ CAD xuất khẩu và nhập khẩu được thực hiện theo trình tự như thế nào?  Em làm TTQT nhưng chưa thực hiện nghiệp vụ này bao giờ mà chỉ được nghe qua thôi nên không hiểu rõ lắm. Mr. Old Man có thể giúp em hiểu về …


HOW TO DETERMINE THE PRESENTATION PERIOD WHEN MULTIPLE SETS OF BILLS OF LADING ARE PRESENTED

By Mr Old Man
in :  Uncategorized
7
10,783
31 Jul 2013


WHERE ORIGINAL BILLS OF LADING ARE NOT REQUIRED TO BE PRESENTED

By Mr Old Man
in :  Uncategorized
0
4,074
26 Jul 2013


SHIPPED ON BOARD THE PRE-CARRIAGE VESSEL

By Mr Old Man
in :  Uncategorized
1
12,901
25 Jul 2013


PLACE OF AVAILABILITY VS PLACE OF EXPIRY

By Mr Old Man
in :  Uncategorized
5
15,534
20 Jul 2013


PLACE OF PRESENTATION

By Mr Old Man
in :  Uncategorized
2
6,653
15 Jul 2013


WHEN LC REQUIRES PRESENTATION OF LESS THAN A FULL SET OF ORIGINAL BILLS OF LADING

By Mr Old Man
in :  Uncategorized
4
7,271
9 Jul 2013


EXPRESS BILL OF LADING

By Mr Old Man
in :  Uncategorized
0
6,272
8 Jul 2013


WHERE DOCUMENTS UNDER D/P ARE NOT PAID

By Mr Old Man
in :  Uncategorized
4
4,904
25 Jun 2013

QUESTION Dear Mr. Old Man, I have the following case that needs your advice: A seller signed a contract to sell sea products to a buyer in Italy. After the shipment was made, the seller presented the documents under D/P terms to his bank (remitting bank) and asked for discounting. The remitting bank discounted the documents on a with recourse …


WHERE THE BL DATE IS REFERRED TO AS THE DATE OF ISSUANCE

By Mr Old Man
in :  Uncategorized
7
6,360
21 Jun 2013


WHETHER SUB-ARTICLE 14 (c) IS APPLICABLE

By Mr Old Man
in :  Uncategorized
0
4,462
21 Jun 2013


BILL OF LADING DATED PRIOR TO LC ISSUANCE DATE

By Mr Old Man
in :  Mr Old Man, Q&A
8
18,408
15 Jun 2013

QUESTION Dear Mr. Old Man If B/L dated 4 months before LC issuance date, is it acceptable? Do we consider as stale B/L? However, the documents were presented within presentation period as LC called for 21 days from LC issuance date. Special condition also stated that documents issued prior to LC issuance date is acceptable. Can we take the B/L …


Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
in :  Articles, Mr Old Man, Payment
0
12
14 Aug 2025

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orders—particularly in jurisdictions that favor domestic parties—can override payment expectations under an LC, leaving the negotiating bank exposed. Fact Summary The issuing bank in Iraq incurred a deferred payment undertaking under an …


PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

By Mr Old Man
in :  Lifestyle, Mr Old Man, Payment, Q&A
0
23
14 Aug 2025

Năm 2017, Mr. Old Man chính thức xây dựng trang web www.mroldman.net dựa trên nền tảng của website cùng tên trên WordPress và blog từ thời Yahoo 360. Ban đầu, trang web chủ yếu đăng các bài viết và Q&A tư vấn về nghiệp vụ thanh toán quốc tế và tài trợ thương mại. Sau này, khi bắt đầu đam mê xe …


Endorse First, Cancel Later — Can the Beneficiary Still Win?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
23
14 Aug 2025

Intro: Sometimes in trade finance, a small action like endorsing a bill of lading too soon can create a big legal headache. What happens if a bank endorses the BL, then cancels that endorsement and returns the documents due to discrepancies? Here’s Mr. Old Man’s take — plus practical tips for both the beneficiary and the issuing bank on how …


Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
99
13 Aug 2025

  Intro: In practice, there have been cases where LCs available by negotiation with confirming banks state that drafts be drawn on the confirming bank. This does not comply with Article 2 of UCP 600. Where an LC contains such a term, should the draft be drawn on the confirming bank or the issuing bank? ______ QUESTION Dear Sir, Can …


Gặp lại khách hàng “vừa cũ vừa già”

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
44
12 Aug 2025

Hôm trước đang thong dong đạp xe dọc đường Bạch Đằng Mr. Old Man tình cờ gặp lại khách hàng ngày xưa – vừa rất cũ và cũng vừa rất già. Nói vậy,  bởi khi Mr. Old Man mới chân ướt chân ráo vào Vietcombank Đà Nẵng đã gọi vị khách hàng này bằng chú rồi, giờ Mr. Old Man …


Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
42
11 Aug 2025

Intro: A recent LC case raised a dispute over alleged “conflicting information” between the consignee stated in a Certificate of Inspection and that shown in the bill of lading. The issuing bank cited UCP 600 Article 14(d) to justify refusal, while the beneficiary argued that ISBP 821 allows such differences under specific circumstances. Here’s Mr. Old Man’s take on whether …


123...286Page 1 of 286

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
in :  Articles, Mr Old Man, Payment
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orders—particularly in jurisdictions that favor domestic parties—can override payment expectations under an LC, leaving the negotiating bank exposed. Fact Summary The issuing bank in Iraq incurred a deferred payment undertaking under an …

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

By Mr Old Man
1 day ago
in :  Lifestyle, Mr Old Man, Payment, Q&A
0
23

Năm 2017, Mr. Old Man chính thức xây dựng trang web www.mroldman.net dựa trên nền tảng của website cùng tên trên WordPress và blog từ thời Yahoo 360. Ban đầu, trang web chủ yếu đăng các bài viết và Q&A tư vấn về nghiệp vụ thanh toán quốc tế và tài trợ thương mại. Sau này, khi bắt đầu đam mê xe …

Read More

Endorse First, Cancel Later — Can the Beneficiary Still Win?

By Mr Old Man
2 days ago
in :  Mr Old Man, Payment, Q&A
0
23

Intro: Sometimes in trade finance, a small action like endorsing a bill of lading too soon can create a big legal headache. What happens if a bank endorses the BL, then cancels that endorsement and returns the documents due to discrepancies? Here’s Mr. Old Man’s take — plus practical tips for both the beneficiary and the issuing bank on how …

Read More

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
99

  Intro: In practice, there have been cases where LCs available by negotiation with confirming banks state that drafts be drawn on the confirming bank. This does not comply with Article 2 of UCP 600. Where an LC contains such a term, should the draft be drawn on the confirming bank or the issuing bank? ______ QUESTION Dear Sir, Can …

Read More

Gặp lại khách hàng “vừa cũ vừa già”

By Mr Old Man
4 days ago
in :  Articles, Lifestyle, Mr Old Man
0
44

Hôm trước đang thong dong đạp xe dọc đường Bạch Đằng Mr. Old Man tình cờ gặp lại khách hàng ngày xưa – vừa rất cũ và cũng vừa rất già. Nói vậy,  bởi khi Mr. Old Man mới chân ướt chân ráo vào Vietcombank Đà Nẵng đã gọi vị khách hàng này bằng chú rồi, giờ Mr. Old Man …

Read More

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
42

Intro: A recent LC case raised a dispute over alleged “conflicting information” between the consignee stated in a Certificate of Inspection and that shown in the bill of lading. The issuing bank cited UCP 600 Article 14(d) to justify refusal, while the beneficiary argued that ISBP 821 allows such differences under specific circumstances. Here’s Mr. Old Man’s take on whether …

Read More

Variable Pricing Clause – Aluminum Linked to LME

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
39

Intro: Applicable where the final unit price is to be determined based on London Metal Exchange (LME) quotations around the shipment date. The following clause ensures price calculation is objective, documentary evidence is provided, and the maximum price cap is observed. QUESTION Dear Mr. Old Man, Hope you are doing well. Need your guidance in regard to LC Issuance for …

Read More

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

By Mr Old Man
5 days ago
in :  Articles, Mr Old Man, Payment
0
97

By Nguyen Huu Duc (Mr. Old Man) Recently, the author has received numerous questions from colleagues at banks and from exporters regarding letters of credit (LCs) issued by non-bank issuers via SWIFT message MT 710. In many cases, not only the exporter but also the bank has ended up “tasting the bitter fruit” from dealing with such LCs. This article …

Read More

BIỂN CẤM TẮM BIỂN & CHAT GPT

By Mr Old Man
7 days ago
in :  Articles, Lifestyle, Mr Old Man
0
17

Sáng nào Mr. Old Man cũng ra biển Thanh Khê bơi vài trăm mét rồi về. Biển này nằm trong vịnh Đà Nẵng nên gần như chẳng bao giờ có sóng, nước phẳng lì như mặt hồ — bơi phê lắm. Bãi này không có cứu hộ, thế là Ban Quản lý dựng ngay một tấm biển đỏ chót “CẤM …

Read More

When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
68

In the world of documentary credits, the terms of availability play a critical role in determining which banks are authorized to act under the credit. A common point of confusion arises when a beneficiary chooses to present documents to a bank that is not nominated in the LC — raising the question: Can that bank negotiate the documents? And if …

Read More
Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
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23

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3 days ago
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99

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44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
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42

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Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
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99

Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
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Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
in :  Articles, Mr Old Man, Payment
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orders—particularly in jurisdictions that favor domestic parties—can override payment expectations under an LC, leaving the negotiating bank exposed. Fact Summary The issuing bank in Iraq incurred a deferred payment undertaking under an …

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

By Mr Old Man
1 day ago
in :  Lifestyle, Mr Old Man, Payment, Q&A
0
23

Năm 2017, Mr. Old Man chính thức xây dựng trang web www.mroldman.net dựa trên nền tảng của website cùng tên trên WordPress và blog từ thời Yahoo 360. Ban đầu, trang web chủ yếu đăng các bài viết và Q&A tư vấn về nghiệp vụ thanh toán quốc tế và tài trợ thương mại. Sau này, khi bắt đầu đam mê xe …

Read More

Endorse First, Cancel Later — Can the Beneficiary Still Win?

By Mr Old Man
2 days ago
in :  Mr Old Man, Payment, Q&A
0
23

Intro: Sometimes in trade finance, a small action like endorsing a bill of lading too soon can create a big legal headache. What happens if a bank endorses the BL, then cancels that endorsement and returns the documents due to discrepancies? Here’s Mr. Old Man’s take — plus practical tips for both the beneficiary and the issuing bank on how …

Read More

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

By Mr Old Man
3 days ago
in :  Mr Old Man, Payment, Q&A
0
99

  Intro: In practice, there have been cases where LCs available by negotiation with confirming banks state that drafts be drawn on the confirming bank. This does not comply with Article 2 of UCP 600. Where an LC contains such a term, should the draft be drawn on the confirming bank or the issuing bank? ______ QUESTION Dear Sir, Can …

Read More

Gặp lại khách hàng “vừa cũ vừa già”

By Mr Old Man
4 days ago
in :  Articles, Lifestyle, Mr Old Man
0
44

Hôm trước đang thong dong đạp xe dọc đường Bạch Đằng Mr. Old Man tình cờ gặp lại khách hàng ngày xưa – vừa rất cũ và cũng vừa rất già. Nói vậy,  bởi khi Mr. Old Man mới chân ướt chân ráo vào Vietcombank Đà Nẵng đã gọi vị khách hàng này bằng chú rồi, giờ Mr. Old Man …

Read More

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
42

Intro: A recent LC case raised a dispute over alleged “conflicting information” between the consignee stated in a Certificate of Inspection and that shown in the bill of lading. The issuing bank cited UCP 600 Article 14(d) to justify refusal, while the beneficiary argued that ISBP 821 allows such differences under specific circumstances. Here’s Mr. Old Man’s take on whether …

Read More

Variable Pricing Clause – Aluminum Linked to LME

By Mr Old Man
4 days ago
in :  Mr Old Man, Payment, Q&A
0
39

Intro: Applicable where the final unit price is to be determined based on London Metal Exchange (LME) quotations around the shipment date. The following clause ensures price calculation is objective, documentary evidence is provided, and the maximum price cap is observed. QUESTION Dear Mr. Old Man, Hope you are doing well. Need your guidance in regard to LC Issuance for …

Read More

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

By Mr Old Man
5 days ago
in :  Articles, Mr Old Man, Payment
0
97

By Nguyen Huu Duc (Mr. Old Man) Recently, the author has received numerous questions from colleagues at banks and from exporters regarding letters of credit (LCs) issued by non-bank issuers via SWIFT message MT 710. In many cases, not only the exporter but also the bank has ended up “tasting the bitter fruit” from dealing with such LCs. This article …

Read More

BIỂN CẤM TẮM BIỂN & CHAT GPT

By Mr Old Man
7 days ago
in :  Articles, Lifestyle, Mr Old Man
0
17

Sáng nào Mr. Old Man cũng ra biển Thanh Khê bơi vài trăm mét rồi về. Biển này nằm trong vịnh Đà Nẵng nên gần như chẳng bao giờ có sóng, nước phẳng lì như mặt hồ — bơi phê lắm. Bãi này không có cứu hộ, thế là Ban Quản lý dựng ngay một tấm biển đỏ chót “CẤM …

Read More

When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

By Mr Old Man
1 week ago
in :  Mr Old Man, Payment, Q&A
0
68

In the world of documentary credits, the terms of availability play a critical role in determining which banks are authorized to act under the credit. A common point of confusion arises when a beneficiary chooses to present documents to a bank that is not nominated in the LC — raising the question: Can that bank negotiate the documents? And if …

Read More
Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
0
99

Gặp lại khách hàng “vừa cũ vừa già”

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44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
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Variable Pricing Clause – Aluminum Linked to LME

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  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

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BIỂN CẤM TẮM BIỂN & CHAT GPT

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When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

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Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
0
99

Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
0
42

Variable Pricing Clause – Aluminum Linked to LME

4 days ago
0
39

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

5 days ago
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97

BIỂN CẤM TẮM BIỂN & CHAT GPT

7 days ago
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17

When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

1 week ago
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68
Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
0
99

Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
0
42

Variable Pricing Clause – Aluminum Linked to LME

4 days ago
0
39

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

5 days ago
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97

BIỂN CẤM TẮM BIỂN & CHAT GPT

7 days ago
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17

When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

1 week ago
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Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
0
99

Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
0
42

Variable Pricing Clause – Aluminum Linked to LME

4 days ago
0
39

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

5 days ago
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97

BIỂN CẤM TẮM BIỂN & CHAT GPT

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Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
in :  Articles, Mr Old Man, Payment
0
12
14 Aug 2025

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orders—particularly in jurisdictions that favor domestic parties—can override payment expectations under an LC, leaving the negotiating bank exposed. Fact Summary The issuing bank in Iraq incurred a deferred payment undertaking under an …


PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

By Mr Old Man
in :  Lifestyle, Mr Old Man, Payment, Q&A
0
23
14 Aug 2025

Năm 2017, Mr. Old Man chính thức xây dựng trang web www.mroldman.net dựa trên nền tảng của website cùng tên trên WordPress và blog từ thời Yahoo 360. Ban đầu, trang web chủ yếu đăng các bài viết và Q&A tư vấn về nghiệp vụ thanh toán quốc tế và tài trợ thương mại. Sau này, khi bắt đầu đam mê xe …


Endorse First, Cancel Later — Can the Beneficiary Still Win?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
23
14 Aug 2025

Intro: Sometimes in trade finance, a small action like endorsing a bill of lading too soon can create a big legal headache. What happens if a bank endorses the BL, then cancels that endorsement and returns the documents due to discrepancies? Here’s Mr. Old Man’s take — plus practical tips for both the beneficiary and the issuing bank on how …


Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
99
13 Aug 2025

  Intro: In practice, there have been cases where LCs available by negotiation with confirming banks state that drafts be drawn on the confirming bank. This does not comply with Article 2 of UCP 600. Where an LC contains such a term, should the draft be drawn on the confirming bank or the issuing bank? ______ QUESTION Dear Sir, Can …


Gặp lại khách hàng “vừa cũ vừa già”

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
44
12 Aug 2025

Hôm trước đang thong dong đạp xe dọc đường Bạch Đằng Mr. Old Man tình cờ gặp lại khách hàng ngày xưa – vừa rất cũ và cũng vừa rất già. Nói vậy,  bởi khi Mr. Old Man mới chân ướt chân ráo vào Vietcombank Đà Nẵng đã gọi vị khách hàng này bằng chú rồi, giờ Mr. Old Man …


Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
42
11 Aug 2025

Intro: A recent LC case raised a dispute over alleged “conflicting information” between the consignee stated in a Certificate of Inspection and that shown in the bill of lading. The issuing bank cited UCP 600 Article 14(d) to justify refusal, while the beneficiary argued that ISBP 821 allows such differences under specific circumstances. Here’s Mr. Old Man’s take on whether …


Variable Pricing Clause – Aluminum Linked to LME

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
39
11 Aug 2025

Intro: Applicable where the final unit price is to be determined based on London Metal Exchange (LME) quotations around the shipment date. The following clause ensures price calculation is objective, documentary evidence is provided, and the maximum price cap is observed. QUESTION Dear Mr. Old Man, Hope you are doing well. Need your guidance in regard to LC Issuance for …


  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

By Mr Old Man
in :  Articles, Mr Old Man, Payment
0
97
11 Aug 2025

By Nguyen Huu Duc (Mr. Old Man) Recently, the author has received numerous questions from colleagues at banks and from exporters regarding letters of credit (LCs) issued by non-bank issuers via SWIFT message MT 710. In many cases, not only the exporter but also the bank has ended up “tasting the bitter fruit” from dealing with such LCs. This article …


BIỂN CẤM TẮM BIỂN & CHAT GPT

By Mr Old Man
in :  Articles, Lifestyle, Mr Old Man
0
17
9 Aug 2025

Sáng nào Mr. Old Man cũng ra biển Thanh Khê bơi vài trăm mét rồi về. Biển này nằm trong vịnh Đà Nẵng nên gần như chẳng bao giờ có sóng, nước phẳng lì như mặt hồ — bơi phê lắm. Bãi này không có cứu hộ, thế là Ban Quản lý dựng ngay một tấm biển đỏ chót “CẤM …


When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

By Mr Old Man
in :  Mr Old Man, Payment, Q&A
0
68
8 Aug 2025

In the world of documentary credits, the terms of availability play a critical role in determining which banks are authorized to act under the credit. A common point of confusion arises when a beneficiary chooses to present documents to a bank that is not nominated in the LC — raising the question: Can that bank negotiate the documents? And if …


Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

By Mr Old Man
1 day ago

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
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Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
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Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
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44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
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42

Variable Pricing Clause – Aluminum Linked to LME

4 days ago
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39

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

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BIỂN CẤM TẮM BIỂN & CHAT GPT

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When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

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Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
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23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
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Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
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4 days ago
0
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  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

5 days ago
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BIỂN CẤM TẮM BIỂN & CHAT GPT

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Articles

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

By Mr Old Man
1 day ago
0
12

This case highlights the risks for presenting banks when discounting a deferred payment undertaking (DPU) without explicit authorization from the issuing bank. It also illustrates how local court orde…

Read More

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

1 day ago
0
23

Endorse First, Cancel Later — Can the Beneficiary Still Win?

2 days ago
0
23

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

3 days ago
0
99

Gặp lại khách hàng “vừa cũ vừa già”

4 days ago
0
44

Consignee Mismatch? When the Certificate of Inspection and Bill of Lading Don’t Have to Match

4 days ago
0
42

Variable Pricing Clause – Aluminum Linked to LME

4 days ago
0
39

  LETTERS OF CREDIT ISSUED BY NON-BANK ISSUERS: RISKS AND SOLUTIONS

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0
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BIỂN CẤM TẮM BIỂN & CHAT GPT

7 days ago
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When Can a Non-Nominated Bank Negotiate? Risks and Realities for Bank B in Documentary Credit Transactions

1 week ago
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68

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Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

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Mr Old Man
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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

Case Note – Negotiation of Deferred Payment Undertaking Without Authorization

Mr Old Man
1 day ago

PR nho nhỏ cho trang web www.mroldman.net – “MR. OLD MAN – For Those Who Eat, Sleep and Breathe Letters of Credit and Cycling”

Mr Old Man
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Endorse First, Cancel Later — Can the Beneficiary Still Win?

Mr Old Man
2 days ago

Drafts under Negotiation LCs Restricted to the Confirming Bank – Who Should They Be Drawn On?

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3 days ago

Lica Mauer: In reply to Lucky comment: there is a clear omission of terms and conditions eit...

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...

Monkey Mountain Challenge 2025 negotiation Documents lost in transit On board notation Amendment 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 Where 1/3 BL is to be sent directly to the issuing Insurance document Disposal of docs invoice Tà Lang Shipping guarantee beneficiarys-name lost in transit

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