【正文】
Goods Exporter Collecting Bank Goods Remitting Bank D/P at sight Under this term, the seller draws a sight draft, and sends it with the shipping documents to the collecting bank. Then the collecting bank presents the sight draft and shipping documents to the buyer. When the buyer sees them he must pay the money at once, then he can obtain the shipping documents. DP after sight Under D/P after sight, the seller draws a time draft. The collecting bank presents the time draft and shipping documents to the buyer. When the buyer sees them he just accept the time draft and then effects payment at maturity of the draft. When receiving the money from the buyer, the collecting bank hands over the shipping documents to him. Document against acceptance Under this term, the exporter releases the documents on the condition that the importer has made acceptance on the draft. That is to say D/A is applicable only to a time bill that is used in documentary collection, in which the collecting bank will releas