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How is the D/P working?
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test2test2
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How is the D/P working?How is the D/P working?How is the D/P working?
Award 10 MVPs ( What's this? )for the best answer.
26 Aug 2008 23:56
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nevergay
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Quoting from [test2test2]:


How is the D/P working?How is the D/P working?How is the D/P working?


Arrangement under documentary collection in which an exporter instructs the presenting bank to hand over shipping and title documents (see document of title) to the importer only if the importer fully pays the accompanying bill of exchange or draft. Also called cash against documents.


documents against payment (D/P) is in the Banking, Commerce & Finance and International Trade & Relations subjects.

 
28 Aug 2008 18:49
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venk19
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Quoting from [test2test2]:


How is the D/P working?How is the D/P working?How is the D/P working?



DP Stands for Documents against Payment . The bank will release the documents to the client once he make the payment

 

30 Aug 2008 04:38
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