How Documents Against Acceptance works in International Trade

This video explains the workflow of a Documentary Collection Method - Documents Against Acceptance involving the Importer (Drawee), Collecting/Presenting Bank, Remitting Bank and Exporter (Principal) in diagrams and animation.
--
Website: tradelinks.com...
Online Course : www.tradelinks....
******************************************
--
► Subscribe to my Channel : / tradelinksresources
► Follow My Website: tradelinks.com...
--
This video was produced by
1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer at Tradelinks Resources Sdn. Bhd
2. Ms Sook Ling, Online Content Creator at Tradelinks Resources Sdn Bhd
Tradelinks Resources conducts public training programs for the following courses in Malaysia
1. Incoterms 2010
2. Letters of Credit
3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks

[@TradelinksResources]

If you like our video, please give us a thumbs up. Also we appreciate your comments or feedback. More videos will be coming soon , please click subscribe to this channel if you like to receive any updates regarding any new videos

[@alextade2046]

Thanks! Very useful. If you had used english subtitles, it would have been perfect! Greetings from Argentina

[@Iphonmm]

So the only difference between DP and DA is DP is a swift mode of collecting payment from importer soon after the set of Documents arrive at the collecting Bank. On the other hand, DA is giving the importer some credit line by adding DA term e.g. DA 60 / 90 days after acceptance of the BL.

[@lokkaashdhoni8665]

❤❤ Very well explanation 🎉🎉 so easy to understand..❤

[@GamingPotatoHD]

Thanks, good explanation, I had difficulties understanding the materials in my book but this explained it a lot.

[@TradelinksResources]

thanks - glad to hear that

[@hildaerskine5616]

This is an awesome tutorials, will help businesses online thrive and everyone be at peace, Bravo

[@TradelinksResources]

thank you for your comment

[@arifhossain0024]

thank you mam for giving us clear and easy concept of the topics . i am from bangladesh mam. Again thank you so much mam .

[@isuruimesha2623]

Thanks alot 🎉

[@mahalakshmi3429]

Great learning, thanks. It would be great if you post video Freight Prepaid and Frieght collect.

[@califieldcrown3387]

Then what is the difference between doc against acceptance and open account? It seems to me same except the bank involvment with documents

[@syaheeds]

thank you so much, good info for my upcoming exam :)

[@safabdr3405]

Thaaanks a lot

[@richardadamwais9734]

thanks it is helpful but if the importer don't accept the bill of exchange what could happen

[@oscarronald5570]

great learning kindly assist to also upload about Document for credit (LC) under Usance

[@riskieeeeh_8591]

Thankkk youuu,

[@ajeetrawat266]

video is very useful i'm a economics student...please make a video on how world trade is depend upon the USA's banking channel...?? in a context of recent sanction on Iran by USA force other country to shut the trade with iran. how these banking chanel works and why can't other nations develop their own banking chanel collectively. thank in advance

[@pandurangannagarajan683]

Very nice and useful information to be known to good exporters. Thanks a lot

[@TradelinksResources]

thank you !

[@partygirl2183]

Девушка, Вы отлично подготовились

[@leonard3095]

Very useful information 🙏

[@mr.balajilakhame7810]

very Good Explanation

[@TradelinksResources]

thanks

[@paulcolley3556]

Thanks for your great videos all informative. what will happen if the importer refused to accept the documents at the bank, in other word he changed his mind and not wanting the cargo. what will be the next step to do for the bank or the shippers for the cargo or with money collection ?

[@thomaslebain1754]

Very good question, if in the meantime you have found the answer, please let us know !

[@ErvinMagyar]

As I understand if the Collecting Bank accepts the bill of exchange the importer must pay after 90 days of acceptance. As it is already stated in the contract.

[@jyotishisodia4104]

good information.. found it crisp and meaningful

[@TradelinksResources]

thanks for your comment. is there any topics you would like to see in my next video?

[@FXandStocksect..]

What if importer rejects the documents?, after arrival of goods

[@riazhossen1689]

This is a wonderful video. Thank you very much for this video.

[@TradelinksResources]

thanks for your comment

[@saifulislam9039]

Good description, and presentation also informative. Carry on . See you more video.

[@TradelinksResources]

thanks for your comment

[@KCLee228]

possible for Importer (Drawee) to settle at a separate bank of Exporter (Principal) upon due date?

[@eskatube3056]

best explanation thanks!

[@TradelinksResources]

thanks for your comment

[@phanlinh9541]

Gread

[@yasirusamarakoon3816]

Very informative. Well done.

[@TradelinksResources]

thanks for your comment. is there any topics you would like to see in my next video?

[@TheMkrules]

where is the cover letter example link

[@baskaranranujan7234]

superb

[@TradelinksResources]

thanks sir for your comment

[@ashleyperera9604]

thank you, great

[@TradelinksResources]

thanks for your comment

[@RashtriyaGandharvSamajVivah]

OOO VERY AWESOME VIDEO NICE INFORMATION...

[@TradelinksResources]

thanks

[@SammyB-Habebe]

What if the imposter refused the shipped goods due to quality or damage reasons? What happens in this case?

[@sumit3867]

Discounting of bill

[@tekluasqualu8341]

great!

[@TradelinksResources]

thanks for your comment

[@rockafridi1]

what is the guarantee that the Importer will must pay the bank after 90 days? what if he went into loss and is not able to pay?

[@tansrb]

there is almost always a credit insurance safeguarding the transaction when using D/A payment terms. in turn, the insurance determines the importer's credit risks and sets a credit limit accordingly. on the event the importer goes bankrupt and defaults, insurance will cover an earlier agreed % of the transaction to the exporter.

[@miguelma3237]

this is susceptible to fraud as the importer can declare bankrupcy and make the goods disappear! on the other side it is only good if the insurance covers 100% of the payment! And who chooses the insurance company? if it is not a well know insurance company in the market you might have problems with them applying their policy in a honest way

[@Bollywoodfunnyworld]

VERY GOOD VERY GOOD SISTER

[@TradelinksResources]

thanks for your comment

[@outhereinchina]

nice eyes and insightful information!

[@TradelinksResources]

thanks for your comment

[@hasnaahajji1207]

I'd thank you a lot for this explications and informations, but I have something I don't understand it that the (sight and usance!!!)

[@TradelinksResources]

thanks for your comment, i'll work on a video on Usance LC.

[@hasnaahajji1207]

Thank you

[@fmstation6]

Ohh.. aside from the nice video, you have a nice hair. You changed your hair from the previous video. lol