Documents Against Acceptance definition

Documents Against Acceptance means that the exporter issues a commercial bill to the importer, through the remitting bank, and asks the importer to accept the commercial bill at the collecting bank in the importing country. (Zhang, 2004) After accepting the bill, the importer can immediately obtain the shipping documents for arranging customs procedures and make payment at the maturity date. Under this kind of payment term, the exporter will face a big risk because the buyer may not go to make payment on due date.
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Examples of Documents Against Acceptance in a sentence

  • Also, in cases where payment terms are Documents Against Acceptance (DA), you or anyone acting for or on your behalf has/have released or has/have caused the release of the documents and/or of the goods to the Insured Buyer without acceptance/payment, for onward transmission to you of the full amount that was due thereon.

  • The financial assistance provided to Hynix by its creditors took various forms, including new loans, convertible and other bonds, extensions of maturities and interest rate reductions on existing debt (which we treated as new loans), Documents Against Acceptance (‘‘D/A’’) financing, usance financing, overdraft lines of credit, debt forgiveness, and debt–for- equity swaps.

  • Payment shall be in US$ and shall be through Documents Against Acceptance (D/A) with a tenor of 15 calendar days from receipt by PITC of the complete set of original shipping documents, except for the Certificate of Origin and Phytosanitary Certificate which are Certified Photocopies.

Related to Documents Against Acceptance

  • JT No-Action Letters means SMC Capital, Inc., SEC No-Action Letter (pub. avail. Sept. 5, 1995) and Massachusetts Mutual Life Insurance Company, SEC No-Action Letter (pub. avail. June 7, 2000).

  • Authorization Letter means a letter agreement executed by Borrower in the form of EXHIBIT A.

  • EEA Agreement means the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 as adjusted by the Protocol signed at Brussels on 17th March 1993;

  • Environmental Agreement means the Environmental Indemnification and Release Agreement of even date herewith by and between Borrower and Lender pertaining to the Property, as the same may from time to time be extended, amended, restated or otherwise modified.

  • Commercial waste means waste from premises used wholly or mainly for the purposes of a trade or business or for the purposes of sport, recreation, education or entertainment but does not include household, agricultural or industrial waste;