Documents against acceptance do not have a usage period.

Under the contract the duty of the exporter is to ship the contracted goods in agreed packing, as per the contracted mode of transport and as per the schedule of time and delivery along with the tendering of documents as per the contract to the importer.

It is the duty of the importer to release due payment on receipt of documents showing the proof of delivery to a designated carrier for delivery at the desired point or port and bear all costs and risk at the inward port.

Most of the exporters handover the shipping documents for all export consignments to a banker in their country, who arrange to send such documents to a designated banker in the country of import and handover the carriage receipt to the importer on receipt of payment of the bill.

Unless otherwise specified till such time the payments are received the goods remain under the custody of the bank.

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