Instructions given by a shipper to a bank indicating that documents transferring title to goods should be delivered to the buyer (or drawee) only upon the buyer's acceptance (signature on) of the attached draft
adi Consult, Freight Forwarding, Logistics & Transport Industry Terms, Dsseldorf, Nordrhein-Westfalen, 2015 Germany. http://www.adiconsult.com/IndustryTerms.asp, (Log - Brit) {1029}