Definition of Documents Upon Payment (D/P)

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TeachMeFinance.com - explain Documents Upon Payment (D/P)



Documents Upon Payment (D/P) -- As a procedure to collect payment for an export shipment, instructions are given that the documents necessary for the buyer to obtain the shipment from customs and the carrier are to be released to him only upon payment of the draft. (Same as CAD)



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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