„Documents Against Acceptance (D/A)“

What does Documents Against Acceptance (D/A) stand for?

As a procedure to collect payment on an exported shipment. instructions are given that documents necessary to obtain the merchandise from customs and the carrier are to be released to a buyer only against the buyer’s acceptance of a time draft drawn upon him.

Source:

Emery, Andre. “International Trade Procedures and Payment Methods”. New York: Macmillan Publishing Company, 1995. p. 133

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