Difference between revisions of "Acceptance (shipping)"

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[[Category:Shipping Terms]]

Revision as of 22:08, April 6, 2008

Acceptance refers to either:

  • a time draft (or bill of exchange) that the payer has accepted and is unconditionally obligated to pay at maturity
  • any agreement to purchase goods under specified terms.[1]

References

  1. ↑ U.S. Department of Transportation Maritime Administration [1]
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