D/P means documents can only be released to the importer when he has paid the amount on the draft. D/P can be divided into two kinds: D/P at sight and D/P after sight. The former means that payment should be made as soon as the importer is presented the draft. Thus, D/P at sight enables the exporter to obtain the payment before he loses control of the documents that represents the title to the goods. The latter means the importer will pay the money a specified number days after the draft is presented and accepted. Thus D/P after sight is not as favorable as D/P at sight to the exporter though it also requires the collecting bank to release the documents upon payment.