documentary sale

A sale in which the buyer pays upon the seller’s tender of documents of title covering the goods, plus a sight draft requiring the buyer to pay “at sight.”

• This type of sale typically occurs before delivery of the goods, which might be en route when the buyer pays.

— Also termed cash-against-documents sale.

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词条贡献者

法律翻译舒婷，知名法学院保险学专业，专注翻译各类与保险与再保险诉讼有关的法律文件。