Cash against documents

A payment method where documents represent ownership of the goods. For you, it involves giving these documents to your bank, which will forward them to its correspondent in the buyer's country. The foreign bank responsible for receiving payment will only release the documents to the buyer against cash payment. You retain control of the goods delivered until they are fully paid for. This is not a bank guarantee: the bank can only be held liable if it has not followed your instructions.

Back to glossary

Tradeliner: Mid-market credit insurance