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Documentary Collections Part 2-b
The second most important and commonly used documentary collections method is called, Documents against Acceptance or also known as DA. Whether the seller/drawer or the buyer/drawee uses DA or DP terms, for their trade settlement, is always pre-decided at the stage of the sales contract, formally, or when the purchase orders or pro-forma invoices are…
Documentary Collections Part 2-a
Further to my last blog, we will now see the 2 main types of Documentary Collections that are most commonly used…. Documents against Payment (DP), also commonly known in the business community as, Cash against Documents (CAD), however the term used in URC 522, is DP. Documents against Acceptance (DA) Generally the buyers and sellers…
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International Trade for novices - by Chetan Kadam 