A provision in a documentary collection arrangement in which the buyer of goods must accept and sign the bill of exchange prior to receiving the shipping and title documents for those goods. This provision allows the seller or exporter to ensure that the buyer is legally bound to pay the full price for the goods, before ownership is transferred.
Related information about documents against acceptance (D/A):
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Definition of documents against acceptance (D/A): An arrangement in which an exporter instructs a bank to hand over shipping and title documents (see ...
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Definition of documents against acceptance (D/A): A provision in a documentary collection arrangement in which the buyer of goods must accept and sign the ...
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Dec 7, 2011 ... Here's how they work with Documents Against Payment (D/P) and Documents Against Acceptance (D/A) transactions. (Click to view a PDF ...
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Documents against acceptance or D/A is a term used in international banking. It refers to specific instructions given to a bank by an exporter of goods. It indicates ...
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Documents against acceptance (D/A), where the presenting bank releases the documents to the buyer against acceptance of a bill of exchange (draft) ...
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Documents against Payment (D/P) terms - documents will only be released against buyer's payment of the bill amount; Documents against Acceptance (D/A) ...