„Cash Against Documents (CAD)“

What does Cash Against Documents (CAD) stand for?

A term used in collections supported by shipping documents which are released to the buyer only against payment. Same as Documents Against Payment (D/P).

Source:

Branch, A.E. (1996). “Elements of Exporting and Importing.” International Trade – An Essential Guide to the Principles and Practice of Export. London: Pitman Publishing, p. 76.

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