PRINCIPAL DRAWEE (Seller/Exporter Buyer/importer) Goods ⑦ eosentomon of documents Ace reliance Collect on E order cepr Collection orde REMITTING BANK COLLECTING BANK (Sellers Bank) Payment/Acceptance (Buyers Bank)
经贸学院国贸系 王学惠 © procedure
Documents against Payment (D/P) Instruction for documents to be released to the drawee only on payment. Usually used where payment is expected from the buyer immediately, otherwise known as "at sight This process is often referred to as Cash against Documents 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Documents against Payment (D/P) Instruction for documents to be released to the drawee only on payment.Usually used where payment is expected from the buyer immediately, otherwise known as "at sight". This process is often referred to as "Cash against Documents
The buyer's bank is instructed to release the exporter's goods only when payment has been made Where goods have been shipped by sea freight covered by a full set of Bills of lading title is retained by the exporter until these documents are properly released to the buyer 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © The buyer's bank is instructed to release the exporter's goods only when payment has been made. Where goods have been shipped by sea freight, covered by a full set of Bills of Lading, title is retained by the exporter until these documents are properly released to the buyer
Unfortunately, for airfreight items unless the goods are consigned to the buyer's bank no such control is available under an Air Waybill or Air Consignment Note as these documents are merely"movement certificates rather than documents of title Similarly there is no such control available for road or rail transport 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Unfortunately, for airfreight items, unless the goods are consigned to the buyer's bank no such control is available under an Air Waybill or Air Consignment Note, as these documents are merely "movement certificates" rather than "documents of title". Similarly there is no such control available for road or rail transport
Difference between cad and DIP CAD CASH AGAINST DOCUMENTS 即交单付现,就是说,买方付款后,卖方 交单。买方付款是卖方交单的前提条件。 在卖方对买方资信不了解的情况下采用此 种支付方式,对卖方具有保护作用 经贸学国贸系 王学高C
经贸学院国贸系 王学惠 © Difference between CAD AND D/P CAD（CASH AGAINST DOCUMENTS） 即交单付现，就是说，买方付款后，卖方 交单。买方付款是卖方交单的前提条件。 在卖方对买方资信不了解的情况下采用此 种支付方式，对卖方具有保护作用