Logistics
Stale BL
Bill of lading presented to the bank after the period established in the letter of credit, generally 21 days after the date of shipment. Banks may reject it as a documentary discrepancy.
Bill of lading presented to the bank after the period established in the letter of credit, generally 21 days after the date of shipment. Banks may reject it as a documentary discrepancy.
Bill of lading presented to the bank after the period established in the letter of credit, generally 21 days after the date of shipment. Banks may reject it as a documentary discrepancy.
Bill of Lading (B/L)
An ocean transport document issued by the carrier that serves as a contract of carriage, receipt of goods, and document of title to the cargo.
LogisticsClean BL
Bill of lading without annotations or clauses indicating defects in the goods or their packaging at the time of shipment. Frequently required by banks for documentary credit operations.
TradeLetter of Credit
A bank payment instrument in which the issuing bank commits to paying the exporter if documentary conditions are met as established.
FinancialDocumentary Credit
International payment method where a bank commits to pay the exporter against presentation of compliant documents.