A notation on a draft issued in an export transaction stating that the documents attached to the draft and giving title to goods should be handed to the buyer ( drawee) only against payment of the draft. Français: Documents contre paiement Español: Documentos contra pago
Term for documentary collection instructions requesting the presenting bank to deliver documents only upon receipt of payment from the drawee/importer. Synonymous with "cash against documents."
A type of payment for goods In which the documents transferring title to the goods are not given to the buyer until he has paid the value of a draft issued against him.
Shipper's instructions that are given to his bank, stating that documents are attached to a draft for collection and are deliverable to the drawee only against the drawee's payment of the draft.
Instructions given by an exporter to their bank that the documents attached to a sight draft for collection are only deliverable to the drawee against payment.
An indication on a draft that the documents attached are to be released to the drawee only on payment.
Collection instructions stating that the documents may be handed over to the buyer against payment
An instruction given where shipping documents are released to the drawee of a bill of exchange only on payment. Also known as Cash Against Documents.
Instruction for documents to be released to the drawee only on payment - see Collections ?Introduction.