1.

Explain What Is The Difference Between Document Against Acceptance And Document Against Payment?

Answer»

DOCUMENT against payment: The document remains with bank and importers have to pay the exporter before they release the documents. In this payment is immediate, and document is released quickly
Document against acceptance: In this importer gives 30-45 days to bank to deduct the amount and then release the documents. In this provision, there is MUCH risk, and if there is no sufficient BALANCE in the ACCOUNT then, the process will get delayed.

Document against payment: The document remains with bank and importers have to pay the exporter before they release the documents. In this payment is immediate, and document is released quickly
Document against acceptance: In this importer gives 30-45 days to bank to deduct the amount and then release the documents. In this provision, there is much risk, and if there is no sufficient balance in the account then, the process will get delayed.


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