Explain what is documents against acceptance?
Submitted by: Administrator
A documents against acceptance are an arrangement or provision, where exporter instructs a bank to hand over shipping and title documents to the importer only if the importer agrees the accompanying bill of exchange or draft by signing it. This provision ensures that the buyer is legally bound to pay the full price to the exporter for the shipments, before ownership is transferred.
Submitted by:
Read Online Logistic Coordinator Job Interview Questions And Answers
