Stale Bill of Lading

Stale Bill of Lading

What is stale bill of lading

A bill of lading is said to a stale it bears a date subsequent to the expiry date of credit under which the goods are shipped. It shows that the goods were put on board the ship on a date later than that authorized  by the credit. A bill of lading is also said to be stale   if it is presented so long after the sailing of the carrying vessel that the goods will be reaching the port of destination long before the buyer will get the documents. The buyer, in these conditions will be unable to take possession of the goods when they arrive at destination, and will thus be put to demur rage and in absence of documents banks do not usually accept bills of lading in these circumstances.

Import Policy Order

Import Policy Order The Import Policy Order covers a period of 5 years — the last one being for the period from July 2010 to June 2015. As per this …

H S CODE

H S CODE Classification of commodity has been introduced in early nineteenth century in Europe. Internationally accepted coding system was first introduced in 1931 as Brussels Nomenclature and in 1937 …

Post Import Finance

Post Import Finance: Some time branch faces difficulties in retiring import document against L/Cs opened under arranged post import finance facilities, due to lack of proper documentation formalities. In order …

Import Business of Islamic Bank

Import Business of Islamic Bank Import Business : All Islamic bank of Bangladesh runs their import business is mainly divided into the following three categories: i) Import of Commercial goods. …

Foreign Remittance

Foreign Remittance   Definition: Remittance represents transfer of fund from one place to another through official channel. Foreign Remittance: Foreign Remittance refers remittance of Foreign currency that are received in …

Stale Bill of Lading

Stale Bill of Lading What is stale bill of lading A bill of lading is said to a stale it bears a date subsequent to the expiry date of credit …

Straight Bill of Lading (SBOL)

Straight Bill of Lading (SBOL) Straight Bill of Lading (SBOL) is one which is made out in the name of consignee. At the port of destination it is not necessary …