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WHat is the DA = Payment against acceptance

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Q: What is the DA Payment against acceptance?
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What is LC DA DP TT payment options?

LC = Payment thru Letter of Credit DA = Payment against acceptance DP = Payment against receipt of document TT = Telegraphic transfer


What is DA term of payment?

DA is the abbreviation of Document againts Acceptance.


What is meant by payment term DA 60 days?

DA stands for Documents against Acceptance. This term means that the buyer will receive the shipping documents from the seller upon acceptance of a draft or bill of exchange. The payment is due 60 days after the buyer accepts the documents.


Why people prefer only DA Payment terms?

Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands.


Differnce between documents against acceptance and documents against payment?

DOP will mean that the instructions by an exporter to a bank that the documents attached to the draft for collection are deliverable only after his or her payment of the draft. DOA will mean that the instructions by an exporter to a bank that the documents attached to the draft for collection are deliverable after his or her acceptance of the goods.


Difference between documents against acceptance and documents against payment?

Documents against payment (DP): The documents get registered with a bank and you get prompted to pay them to release the documents to free the goods. Documents against acceptance (DA): You are asked to sign an agreement that states after 30 or 45 days the bank is allowed to deduct the amount from your bank account. You will receive the documents immediately after the agreement is signed. The main difference is in order to receive the documents in a DP you have to pay immediately, for DA a written confirmation that you will allow the bank to deduct the money will release the documents. DP's are more secure since the money is immediately deducted, DA's bear a certain risk, if at the time of deduction the amount is not on the bank account and the account can not go into minus, the process will be delayed and the bank will try to recover the necessary funds from the bank account owner.


What is the difference between LC and DA?

DA mean documents against acceptance, where company give acceptance to pay their liabilities on due date, but he can pay remit the DA before its due date , but in case of Letter of Credit, UCP are not allowed to pay the LC liabilities before its due date. Thanks Anup Das


What is deliverable against acceptance?

In international banking, D/A or deliverable against acceptance refers to the instruction given by a goods exporter to the bank. It indicates that the documents are meant to be delivered only against drawee's acceptance of the draft.


Is the drawee banker require the acceptance of applicant for payment of sight LC?

no


What is the difference between Deferred Payment Credit and Acceptance Credit?

Acceptance credit is always available by the draft/bill of exchange, whereas a deferred payment cerdit may and may not be available by the draft/bill of exchange.


What does the process of online credit card acceptance refer to?

The process of online credit card acceptance refers to the process of taking credit cards as payment for a service. And then, getting credit card approval for the payment of that service.


When was Against da Grain created?

Against da Grain was created in 1998.