Cash Against Documents (CAD)

Cash Against Documents is a payment method used during international transactions wherein an importer pays for the ordered goods before they are received in return for the release of shipping documents.

What is Cash Against Documents (CAD) ?
Cash Against Documents is a payment tool used during international transactions wherein a seller instructs his bank to release the shipping documents to the importer only after the full payment of the shipment is received. This method is beneficial to both parties involved as it ensures the exporter that the cost of goods is received while it guarantees the importer that the products paid for are received.