answersLogoWhite

0

It means 60 from the date the customer receives the goods.

CAD = Cash Against Documents

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What is CAD shipments?

CAD payment term


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


Is it compulsory to present the documents to bank for payment terms CAD 60 days?

Yes, it is typically compulsory to present the required documents to the bank for payment terms under a Cash Against Documents (CAD) arrangement, regardless of the payment term duration, such as 60 days. The documents serve as proof of shipment and compliance with the terms of the sale. The bank will only release the documents to the buyer upon payment or as per the agreed terms. Failure to present the necessary documents may result in delays or non-payment.


What does CAD means in shipping term?

CAD usually stands for Cash Against Documents. This means the receiver of the documents has to pay in cash, before he/she reveives the shipping of the imported documents. A third party(a bank for example) keeps the docuements until they receive the payment from the buyer.


What is cad payment in shipment?

CAD, or Cash Against Documents, is a payment method used in international trade where the buyer makes payment to the seller's bank in exchange for shipping documents. These documents, typically including the bill of lading and invoice, allow the buyer to take possession of the goods once payment is made. CAD provides a level of security for sellers, as they retain control over the goods until they receive payment, while buyers benefit from receiving the goods promptly after payment. This method is commonly used in transactions where trust between parties is established.


What is cad cam?

Cad stands for: Computer Aided Design Cam is used to manufacture products. The term CAD/CAM implies both for designing a product and for controlling Design manufacturing processes. Cam stand for: Computer Aided Manufacturing


What is CAD-CAM?

Cad stands for: Computer Aided Design Cam is used to manufacture products. The term CAD/CAM implies both for designing a product and for controlling Design manufacturing processes. Cam stand for: Computer Aided Manufacturing


What is the difference between gstarcad standard and gstarcad professional?

Trial Version has the same function as Authorized Version. The only difference is the trial using term. You have 30 days' full functional evaluation on our CAD software. After that, can not save the file.


What are the different types of CAD?

Mainly types of CAD are 2-Dimensional and 3-Dimensional On the basis of CAD fields there are different types like Civil CAD, Electrical CAD, Mechanical CAD, Interior CAD, Architecture CAD etc. For more details, visit : https://engineerscadstudio.com/course.html


What is a CAD platform and how is it different than a CAD system?

A CAD platform is a program such as AutoCAD and a CAD sytem is a connection between CAD and CAM Products.


What is a 3 letter word for scoundrel?

Cad. Rat.


What is the definition of autocad?

The term "autocad" is frequently used to refer to any type of computer aided drafting (CAD), however AutoCAD is actually the trademarked name of the CAD software produced by a company called Autodesk. CAD is a software design tool used in construction and manufacturing to produce detailed drawings.