Backdated bills of lading are commonly used in international trade for letter of credit transactions to meet shipping date requirements. However, excessively long durations can lead to risks of acceptance refusal.
A backdated bill of lading refers to a document issued by the carrier, stating a date earlier than the actual shipment date, upon the shipper's request after the goods are loaded. This practice is often used to meet letter of credit requirements but carries risks, such as banks rejecting documents due to excessive backdating. Understanding the risk management associated with backdated bills of lading is essential for successfully completing transactions.
