Uncategorized STALE DOCUMENTS AND STALE BILL OF LADING By Mr Old Man Posted on June 25, 2015 2 min read 3 0 10,443 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr Yellow sandy beach (Da Nang, Vietnam) QUESTION Dear Mr. Old Man, I have a question regarding “stale documents” and “stale bill of lading”. What is the difference between “stale documents” and “stale bill of lading” Thank you. LN ————– ANSWER Hi, In LC transactions, stale documents are understood as the documents presented later than 21 calendar days after the date of shipment. The documents presented later than 21 calendar days after the date of shipment are not acceptable unless LC so allows. According to paragraph 19 (b) ISBP 745, where LC specifies a period for presentation together with the condition “stale documents acceptable”, the documents may be presented later than 21 calendar days after the date of shipment as long as they are presented no later than the LC expiry date. ISBP 745 does not interpret the meaning of “stale bill of lading”. However, it should be understood that “stale bill of lading” has the same meaning as “stale documents”. The difference between “stale documents” and “stale bill of lading” is that “stale documents” may include bills of lading and other required documents (presented later than 21 calendar days after the date of shipment), whereas “stale bill of lading” is the bill of lading (presented later than 21 calendar days after the date of shipment). Regards, Mr. Old Man