Home >  Term: documentary draft
documentary draft

A draft drawn by the seller on the buyer and accepted by the latter in connection with a documentary collection. If the draft contains the notation D/A (documents against acceptance) the documents are handed over upon acceptance of the draft. If it is marked D/P (documents against payment), they are handed over only after the acceptance has been paid. See also draft.

0 0

Creator

  • Stefan K
  •  (Gold) 3207 points
  • 100% positive feedback
© 2024 CSOFT International, Ltd.