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.
Keywords:  shipowner, company
shipowner company
Keywords:  cad, cash
Same as Cash Against Documents (CAD).
Keywords:  collection, see