payment against shipping documents
1shipping documents — The documents that an exporter of goods delivers to a bank in the exporting country in order to obtain payment for the goods. The bank sends them to its branch or agents in the importing country, who only release them to the importer against… …
2documents against payment — Shipping documents that are released to the buyer once the buyer has paid for the draft. Bloomberg Financial Dictionary * * * documents against payment UK US noun [plural] (ABBREVIATION D/P, also cash against documents, also documents against… …
3documents against acceptance — D A A method of payment for goods that have been exported in which the exporter sends the shipping documents with a bill of exchange to a bank or agent at the port of destination. The bank or agent releases the goods when the bill has been… …
4cash against documents — CAD 1) The simultaneous exchange of assets and payment. 2) Payment terms for exported goods in which the shipping documents are sent to a bank, agent, etc. , in the country to which the goods are being shipped, and the buyer then obtains the… …
5Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …
6commercial transaction — ▪ economics Introduction in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …
7Documentary collection — A documentary collection is a process, in which the seller instructs his bank to forward documents related to the export of goods to the buyer s bank with a request to present these documents to the buyer for payment, indicating when and on what… …
8International commercial law — is the body of law that governs international sale transactions. [Mo, John S.; International Commercial Law (2003) 1.] A transaction will qualify to be international if elements of more than one country are involved. [Pryles, Jeff Waincymer, and… …
9documentary draft — A documentary draft or a documentary demand for payment is one the honor of which is conditioned upon the presentation of a document or documents. Document means any paper including document of title, security, invoice, certificate, notice of… …
10documentary draft — A documentary draft or a documentary demand for payment is one the honor of which is conditioned upon the presentation of a document or documents. Document means any paper including document of title, security, invoice, certificate, notice of… …
