Best Trade Solution

Dear members

If drawee needs docs under DA and wants to pay instead for documents do you need remitting's bank approval? Comments appreciated it

hello,

there is no need of approval. if drawee wants to pay on sight, there is no such risk.

regards
mandeep

Drawee can make the payment anytime he wants. He could also potentially not to make the payment while the product is 'documentary collection'. There is no risk neither an issue to make an early payment.