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Arrangement under documentary collection in which
an exporter instructs the presenting bank to hand over
shipping and title documents
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What is documents against acceptance da?
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.
Who is required to file documents against acceptance da?
Both the exporter and importer are required to mutually agree to use the documents against acceptance (DA) payment method.
How to fill out documents against acceptance da?
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.
What is the purpose of documents against acceptance da?
The purpose of using documents against acceptance (DA) is to ensure that the exporter receives payment before the importer takes possession of the goods.
What information must be reported on documents against acceptance da?
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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