Any Difference Between DA And DP Terms Of Payment

The information provided here is part of Guide on howtoexport and import

Difference between DA and DP/DAP terms of payment

What is DA and DP in payment terms of exports and imports? How to differentiate between DP and DA?

DA in payment term of international trade means, Documents against Acceptance. DP in payment term of imports and exports means Documents against Payments. How to distinguish between Documents against Acceptance and Documents against Payment in Exports and Imports?

Both DA and DP are the terms of payment related to acceptance of shipping documents pertaining to each consignment from buyer’s bank. Under a DA terms of payment, importer accepts documents on the basis of an assurance to effect payment by accepting necessary bill of exchange. The importer collects shipping documents required to take delivery of imported goods from his bank after such assurance on payment at mutually agreed maturity date of payment.

In a DP payment terms, the imported need to effect payment against respective import consignment, before collecting documents for delivery of imported goods. Under a payment terms – Documents against Payments, the bank delivers documents required for import clearance only after receiving the value of goods from the importer. The buyer takes delivery of goods with the original transport document of title delivered by his bank after effecting payment under sale of goods mentioned in the document. The buyer’s bank in turn, sends the said amount to seller’s bank as per banking procedures and formalities under international trade. Also read Also read Advance payment the best way of terms for business Letter of credit - How does LC work? Is DP terms of payment safe in export business? Documents against Acceptance. - How reliable the terms of payment in exports

I have written a couple of articles in detail about Documents against Acceptance and Documents against Payment. You may kindly go through the same also to have a clear idea on this subject of DA and DP with their difference.

I hope, I could satisfy you on this subject about difference between Documents against Acceptance – DA and Documents against Payment – DP.

Would you like to share your experience and knowledge on this subject – Difference between Documents against Acceptance and Documents against Payments?

The above information is a part of Online export import training guide

Write below your thoughts about the difference between DP and DA in payment terms of exports and imports.

Difference between DA and DAP terms of payment

Difference between DDP and DDU terms of delivery

Difference between DAP in payment terms and DAP in delivery terms.

What is FOB price in Exports and Imports and how it works

Can Original Bill of lading be surrendered under DP terms of payment?

Difference between C&F/C&I/CIF

Excise and Customs - Click here to read complete notification under Budget 2014

How to get Export Orders?

How to settle dispute in Exports and Imports?

Click here to know India Trade Classification(ITC)

Click here to know HS code of other product/commodity

Pre shipment bank finance to suppliers for exports through other agencies

Types of export containers Measurement of export containers Exim Policy of India 2015-20 MEIS, Merchandise Exports from India Scheme SEIS, Service Exports from India Scheme Merge your Commercial Invoice and Packing List for all your future exports Export procedures and documentation

What happens, once Bill of Entry for Imports files?

What is ‘Combined Bill of Lading’

How to obtain a duplicate BL, if original bill of lading lost.

How to obtain GSP - Certificate of Origin?

How to obtain Phyto sanitary certificate. What is phytosanitary certification

How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS

What is ‘Late BL release charges’

What is ATA carnet and how ATA carnet works?

What is Bank Guarantee to customs in Import

What is Bond execution with customs in imports and exports

Transferability of Bill of Lading

Triangular export

Triangular shipment

Types of Insurance Documents.

What is Brand Rate in Duty Drawback

What is BVQI inspection on export goods?

What is charter party bill of lading ?

What is CIF terms of delivery in Exports and Imports?

What is Clean on board Bill of Lading

What is co-loading

What is Commercial enforcement hold for import cargo in US

What is consolidation of cargo What is LCL cargo less container load cargo

What is Crating in Exports and Imports

What is CT3 form. How to get CT3. Why CT3 required

What is customs bonded area in exports and imports

What is DDP terms in an export Import Business?

What is Dry Port

What is DTA in export import trade?

What is ECGC and how does ECGC protect exporters?

What is EPCG How EPCG works in Export Import trade?

What is Ex-factory terms in Imports and Exports

Refund of Input Tax Credit (ITC) of GST, FAQ Refund of GST paid in India, FAQ 4 Conditions when applying for refund of Input Tax Credit (ITC) under GST Difference between types of goods and services and types of GST 4 types of Goods and Services in India for GST rate Difference between IGST on International goods and IGST on domestic goods.

Import of goods attracts IGST but not CVD under GST regime

Import goods attracts IGST and CVD under GST regime

Import Goods attract IGST, CVD and Compensation Cess under GST regime

Safeguard duty and Anti-dumping duty after GST implementation

Revised GST rate on Chutney Powder

Revised GST rate on Other non-alcoholic beverages

Revised GST rate on Sulphur recovered as by-product in refining of crude oil

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

Integrated Tax (Rate) Notification No. 41 of 2017 DT 23rd October, 2017, GST

Union territory tax (Rate) Notification No. 40 of 2017 DT 23rd October, 2017, GST

Central Tax (Rate) Notification No 40 of 2017 dt 23rd October, 2017 under GST

CUSTOMS Notification No. 79 of 2017 dt 13th October, 2017

learn more from this website