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Related Definitions
Documents against acceptance Documents against acceptance is a situation in which the buyer’s bank does not release shipping documents to the buyer until the buyer has accepted (signed) the draft.
D/A (documents against acceptance) D/A (documents against acceptance) refer to shipping documents presented to a bank on a collection basis to be passed to the buyer
D/P (documents against payment) D/P (documents against payment) refer to shipping documents presented to a bank on a collection basis to be passed to the buyer (drawee) when
Documents against acceptance (D/A) Documents against acceptance (D/A) is the exporter draws a term bill on the overseas buyer and lodges it, together with shipping
Documents against payment (D/P) Documents against payment (D/P) is the exporter draws a sight bill on the overseas buyer and hands it, together with shipping documents,
Cash Against Documents (CAD) Cash Against Documents indicates invoice amount to be paid by the buyer/importer at sight on presentation of relative commercial documents.