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What is D/P?

In an international sales transaction, D/P means Documents against Payment. It utilizes a sight draft. Payment is on demand.

After the goods are shipped, the exporter sends the sight draft to the clearing bank, along with documents necessary for the importer/buyer to obtain the goods from customs. The buyer has to settle the payment with the bank before the documents are released and he can take delivery of the goods. If the buyer fails or refuses to pay, the exporter has the right to recover the goods and resell them.

To learn more information about D/P, kindly click here.

最後更新:2017-05-22 21:25:34

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