Cash against documents

A means of payment whereby the documents represent ownership of the good. For you, it consists of 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 hand over the documents to the buyer against cash payment. You retain disposal of the goods delivered until they are paid for in full. This is not a bank guarantee: the bank can only be held liable in the event that it has not fulfilled your instructions.