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Mean DP sight payment refers to the average payment made at sight under a documentary letter of credit, typically used in international trade. "DP" stands for "Documents against Payment," indicating that the buyer must pay immediately upon presentation of shipping documents to receive the goods. This payment method reduces the seller's risk since payment is secured before the buyer takes possession of the goods. The "mean" aspect implies an average calculated over multiple transactions or instances.

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2w ago

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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


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Can a sight lc be transferred as usance?

Yes, a sight letter of credit can be transferred as usance. The seller can request the bank to transfer the payment terms from sight to usance, enabling the buyer to make payment at a later date as agreed upon in the letter of credit.


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