stale bill of lading (B/L)
Definition
B/L presented to its consignee, or at a bank, after the last date specified in the relevant letter of credit and which, therefore, is not acceptable as a valid document. According to the uniform commercial code (UCC), a B/L may be rejected if presented more than 21 days after the date of arrival of the shipment.
stale bill of lading (B/L) is in the Banking, Commerce & Finance, Customs Documentation & Procedures, International Trade & Relations and Shipping, Transport, & Travel subjects.
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