„Documents Upon Payment (D/P)“
What does Documents Upon Payment (D/P) stand for?
As a procedure to collect payment for an export shipment, instructions are given that the documents necessary for the buyer to obtain the shipment from customs and the carrier are to be released to him only upon payment of the draft. (Same as CAD)
Source:
Financial and BankingView all itemsEmerson, Robert M. “Business Law”. Barron’s Educational Series, Inc. 5th Edition, 2009, p. 415.
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