INTEL
Status: blockedCLUSTERNovorossiysk-Turkish-Med Dark Fleet Cluster added — confirmedStatus: blockedCLUSTERPinnacle Petrol LLC added — likelyStatus: blockedCLUSTERSimar Chahal added — confirmedStatus: blockedCLUSTERSSW Kafcima added — likelyStatus: blockedCLUSTERNW Corp Singapore added — likelyStatus: pendingCORPUS429 entities · 64 countries
All terms

Payment instrumentscad

CAD

Cash Against Documents — buyer pays directly on document presentation without an LC.

CAD (Cash Against Documents) is a payment term where the buyer pays the seller (via wire or bank draft) upon presentation of a defined document set — typically Bill of Lading, invoice, and inspection certificate.

CAD is cheaper than an LC (no bank fees) but higher counterparty risk — it's used where buyer and seller know each other or where the deal value is small. Most emerging-market corridors require LC at sight; some G10-G10 refined-product trades use CAD.

Related: LC, DLC.

See also

lcdlc

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 7 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.