There is no difference between Documents Against Payment and Documents

Question

There is no difference between Documents Against Payment and Documents Against Acceptance.

14 Aug 2021

Answer :

Word Count : 561

Documents Against Payment .It is a widely used methods for re~eiving payments in respect of exports. The essence of this type of transaction

is that the exporter is willing to ship the goods before payment. However, he is not prepared to allow the buyer to take possession of them before

the buyer has paid. .The meclianicspf the system requires the exporter to draw a bill of exchange on the buyer, payable at sight. The exporter then

hands over the bill to his banks together qith the docu- ments of title to.goods. The documents _________ __________ ____ _________ ___ __________.
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