What do you expect by Documents against Payments?
Documents against Payment (DP/DAP) with Merchant Finance and Guarantee Corporation (MFG) in Thailand are a foreign exchange payment phrase. It depends on an instrument known as bill of exchange or draught, commonly used in foreign trade. In this time, the documents under consignment are shipped to the purchaser only when the purchaser's bank collects payment of the products. The supplier ships the items and submits shipping documentation to the Bank importers with orders to release the importer's documents against payment , if the importer has to pay the exporter whenever the documents are issued from the Bank. Only after the importer has paid the bill will the receiving bank hand over the shipping papers, such as the title document. This is document against payment , in Thailand Corporation, transaction is very common. Nowadays, through this payment system, general individuals are purchasing items. In this scheme, only on payment of the goods can the receiving ban