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Terms of Payment0Terms of PaymentDocuments Against Acceptance (D/A) Arrangement under documentary collection in which an exporter instructs the presenting bank to hand over shipping and title documents
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Documents against acceptance (DA) is a payment method in which an exporter ships goods to an importer but retains control of the goods until the importer pays for them.
Both the exporter and importer are required to mutually agree to use the documents against acceptance (DA) payment method.
To fill out documents against acceptance (DA), the exporter must send the necessary shipping and payment documents to their bank, which will then release the documents to the importer upon payment.
The purpose of using documents against acceptance (DA) is to ensure that the exporter receives payment before the importer takes possession of the goods.
Information such as the description of the goods, quantity, price, payment terms, shipping details, and any other relevant information must be reported on documents against acceptance (DA).
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