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The payment methods in business are Letter of credit (LC), Document against payment (D/P), open account (O/A), and factoring. With all these methods, most of the items get sold. However, there are multiple options applied in business when it comes to determining which payment method is suitable as a term of sale. Well, today’s center of the discussion is Document against payment (DP). If you are interested in reading these payment methods, read the article till the end.
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Source: merchantcreditcorp.co
There are two types of Documentary Collection, such as Document against payment (DP) - Sight Documents and Document against acceptance (DA) - Term Documents. Shipping documents under this service are sent to the buyer by the seller's bank as per their...
Under Export Documentary Collections in India , most NBFC collects and passes on documents in accordance with the seller’s guidance on how...
Countries in the modern world depend on international trade because one country may not have the required goods that they want. In trade, the fair transaction is important. As both sellers and buye…
Export documentary collections are a simple and efficient way to collect payments for the goods you export. You stay in control of the process because the documents of title are sent to the buyer’s bank.
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