pk1010126630 Level 1 asked 2012-05-09

Difference between CAD and D/P 0

Question Category: Documentation Views: 3340

What is the difference between Export Terms CAD and D/P ?

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  • Christian Liza 2012-05-10 Best Answer

    Hello Habib, (CAD)= Cash Against Delivery , and (DP) is Document Against Product. I will paste here a good explanation about those terms,: " Those are incoterms which not many companies use. I would quote them Ex Works, and then they can make the shipping arrangements with a shipper of their choice. The second way is through the use of a letter of credit. These can carry some fees, and depending on the value of the goods, can be a bit expensive. When I ship goods, I usually require a 40% downpayment on order, and the balance upon presentation of a bill of lading. I would contact an international shipper like IJS global, and they can set it all up for you. If you choose to do the shipping yourself, you can control the release of the goods until payment has been received." http://en.allexperts.com/q/Exporting-Importing-Goods-2032/2010/6/taking-orders-against-documents.htm Good Luck Chris from Decal Trademark
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    • ramam 2012-08-31

      CAD and DP are almost the same with little variation. the amount will be paid after reching the stock to the buyer and there is no guarentee as these are not the documents whcih are secured. only dlc payable at sight on any prime bank or confirmed by a prime bank is a safe payment method as the prime bank cannot afford to loose their status by accepting the fake DLC . please dont charge any amount in advance as the buyer like me may not pay any attention to these offers as my advance amount my go if the seller is fake and see how many are asking remedy for the payments like this.
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