Documents against payment (D/P)

Documents against payment (D/P),

Definition of Documents against payment (D/P):

  1. An arrangement under which an exporter instructs the presenting bank to hand over shipping and title documents (see document of title) to the importer only if the importer fully pays the accompanying bill of exchange or draft. Also called cash against documents.

Meaning of Documents against payment (D/P) & Documents against payment (D/P) Definition