Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

cash-against-documents sale

Read a random definition: simple average

A quick definition of cash-against-documents sale:

A cash-against-documents sale is when someone buys something and pays for it when they get the documents that prove they own it. This usually happens before the buyer gets the thing they bought. It's like buying a toy and paying for it when you get the receipt that shows you own it.

A more thorough explanation:

Definition: A type of documentary sale where the buyer pays for the goods 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.

Example: A company in the United States wants to purchase goods from a supplier in China. The supplier sends the shipping documents, such as the bill of lading and commercial invoice, to the buyer's bank. The buyer's bank releases the documents to the buyer only after the buyer pays for the goods. The buyer then presents the documents to the shipping company to take possession of the goods.

Explanation: In this example, the buyer pays for the goods only after receiving the shipping documents from the seller's bank. The buyer's bank releases the documents to the buyer only after the buyer pays for the goods. This ensures that the seller gets paid before the buyer takes possession of the goods. The buyer then presents the documents to the shipping company to take possession of the goods. This type of sale is common in international trade where the buyer and seller may not know each other well and want to reduce the risk of non-payment or non-delivery.

cash | cash-and-carry clause

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
LSD+ is ad-free, with DMs, discounts, case briefs & more.