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Q: Is it compulsory to present the documents to bank for payment terms CAD 60 days?
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What is the difference between CAD payment and DP?

CAD means CASH AGAINST DOCUMENTS & DP means Documents Against Payment CAD can be , CAD AT SIGHT, CAD 30 DAYS, CAD 60 DAYS BUT DP IS ONLY DP AT SIGHT. THE IMPORTER HAS TO PAY THE AMOUNT TO GET THE DOCUMENTS WITHOUT ANY TERMS IN DP


What are mns2-3 payment terms?

mns2-3 payment terms


What is the meaning of Payment will be effected provided the stipulated documents are presented and terms and conditions of the LC are complied with?

It means the bank will release your money after they approve your document presentation and get approval from the applicant of the letter of credit. If all documents are included and comply with the instructions of the LC, payment can be released according to the payment schedule (i.e. "Draft at 30 days after ship date").


What is third 13 2thirdsub third follow payment terms?

payment terms 3rd,13,23rdsub,3rd follow


What is DP in terms of payment?

DP = payment against receipt of document


What means tbd payment terms?

TBD meaning in business payment


What does ROG mean in payment terms?

Payment is required on Release Of Goods


What is Payment terms in law?

Payment terms in law refer to the conditions under which a payment is to be made, such as the due date, method of payment, and any penalties for late payment. These terms are typically outlined in a contract or agreement between parties. Failure to adhere to the payment terms can result in legal consequences.


What is MT 103-72?

MT 103/72 is the new form of an MT 103/23. This is a conditional payment. The condition that will be in the field (72) will state that the MT103 Conditional payment is contigent upon Assay and shipping documents being provided in accordance with terms of the Contract Number


What are payment terms of AWB BL?

Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.


What are terms for net 30 payment?

Payment is due in 30 days with no discount


The terms conscription and selective service are commonly used with specific regard to?

compulsory military service also known as the draft.