
If your company imports finished products, raw materials, or components into the U.S., you need to know about the Cash Against Documents (CAD) payment method. CAD is a process in which an importing firm must pay for goods it purchases in full before it takes ownership of those goods. The transaction typically involves a third party that retains possession of the shipping papers. The third-party will hold the items until the payment from the buyer is received. In recent years, Cash Against Documents transactions has been particularly significant. Especially in importing goods from China, a vital trading partner of U.S.
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