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be documents against payment (DP). The DP method, also known as documents against payment, is used when there is no trust between the importer and exporter. It involves the assistance of a bank, which offers two methods: sight and usance. Sight method is for immediate payment, while usance method involves payment at a later date. In this video, we will focus on the DP method and its key components, including the exporter as the principal and the importer as the drawee in a sales contract.
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