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Michael
Hi Andrew:Interestingly enough, shelf-life of O-rings seems to be less and less of a concern with the materials they are made of now...
I don't disagree with you so far as shelf life of an unused O-ring is concerned. Unless the package is marked with an expiry date (common practice in aviation & foodservice, less common for other applications), an unused O-ring is "good to go" if it passes visual inspection.
Things change once the O-ring enters service. In most applications, the O-ring is used either to prevent fluids from passing a point, or to prevent external matter from entering a point. This is when the stress on the material begins, either from a fluid, from airborne material, or from the atmosphere the O-ring is exposed to.
Michael