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payment against shipping documents

См. также в других словарях:

  • shipping 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… …   Big dictionary of business and management

  • documents 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… …   Financial and business terms

  • documents 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… …   Big dictionary of business and management

  • cash 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… …   Big dictionary of business and management

  • Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

  • commercial 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… …   Universalium

  • Documentary 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… …   Wikipedia

  • International 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… …   Wikipedia

  • documentary 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… …   Black's law dictionary

  • documentary 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… …   Black's law dictionary

  • letter of indemnity — 1) A letter stating that the organization issuing it will compensate the person to whom it is addressed for a specified loss. See also indemnity 2) A letter written to a company registrar asking for a replacement for a lost share certificate and… …   Big dictionary of business and management

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