Documents Against Acceptance (D/A)
A payment method where the buyer agrees to pay for goods upon receiving the shipping documents.
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What are Documents Against Acceptance (D/A)?
Documents Against Acceptance (D/A) is a payment term in which the shipping documents are released to the buyer upon acceptance of a draft, which is a written order to pay a specified amount of money. The buyer must accept the draft and pay the agreed-upon amount within a specified timeframe, typically 30, 60, or 90 days. D/A is commonly used in international trade transactions where the buyer and seller are not located in the same country and may not have an established business relationship or trust.
Related Glossary terms
→ Documents Against Acceptance (D/A)
→ Import License
→ Master Bill of Lading (MBOL)
→ Warehouse Receipt
→ Weight Sheets
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