Documents Against Acceptance

Jul 8th, 2015
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Virginia State University
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The carrying agreement between shipper and air carrier which is obtained from the airline used to ship the goods. All Risks Clause An insurance provision which provides additional coverage to an Open Cargo Policy, usually for an additional premium. Contrary to its name, the clause does not protect against all risks. The more common perils it does cover are theft, pilferage, non-delivery, fresh water damage, contact with other cargo, breakage, and leakage. Inherent vice, loss of market, and losses caused by delay are not covered.

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Visa: A signature of formal approval on a document. Obtained from Consulates.ATA CarnetA customs document which enables one to carry or send goods temporarily into certain foreign countries without paying duties or posting bonds.AcceptanceThe act of a drawee acknowledging in writing on the face of a draft, payable at a fixed or determinable future date, that he will pay the draft at maturity.Acceptance DraftA sight draft, documents against acceptance. See "Sight Draft," "Documents Against Acceptance."AirwaybillThe carrying agreement between shipper and air carrier which is obtained from the airline used to ship the goods.All Risks ClauseAn insurance provision which provides additional coverage to an Open Cargo Policy, usually for an additional premium. Contrary to its name, the clause does not protect against all risks. The more common perils it does cover are theft, pilferage, non-delivery, fresh water damage, contact with other cargo, breakage, and leakage. Inherent vice, loss of market, and losses caused by delay are not covered.Authority to PayA document comparable to a revocable letter of credit but under whose terms the authority to pay the seller stems from the buyer rather than from a bank.Balance of TradeThe balance between a country's exports and imports. Beneficiary: The person in whose favor a letter of credit is issued or a draft is drawn.Bill of ExchangeSee "Draft."Bill of LadingA document which provides the terms of the contract between the

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