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

双语律师Raymond，亚洲知名法学院法律专业，擅长翻译各类与生物科技与制药相关的法律文件。