Trade words

D/P

Documents against payment

Your bank sends the shipping documents to the buyer's bank, which hands them over only when the buyer pays. The banks follow ICC's URC 522 rules but do not promise that the buyer will pay.

हिन्दी में पढ़ें

Lessons that use this word

  1. Lesson 205 min readGetting paid: advance, LC, DA and DPThe main ways an exporter gets paid, the risk each puts on you and your buyer, how documents move through banks, and how to check a buyer.
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