Documents against acceptance (D/A)

Documents against acceptance (D/A),

Definition of Documents against acceptance (D/A):

  1. An arrangement in which an exporter instructs a bank to hand over shipping and title documents (see document of title) to an importer only if the importer accepts the accompanying bill of exchange or draft by signing it.

Meaning of Documents against acceptance (D/A) & Documents against acceptance (D/A) Definition