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"TT prior to shipment" refers to a payment term where the buyer is required to make a telegraphic transfer (TT) of funds to the seller before the shipment of goods occurs. This means that the seller expects to receive full payment in advance, ensuring that they have been compensated before the products are dispatched. This term is commonly used in international trade to mitigate the risk of non-payment.
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What does PrePay and Add mean in Freight Terms?
In freight terms, "PrePay" refers to the arrangement where the shipper pays for transportation costs before the shipment is dispatched. This typically ensures that the carrier is compensated upfront, reducing the risk of payment issues. "Add" generally means additional charges or fees that may be applied to the base shipping cost, such as for fuel surcharges or handling fees. Together, these terms help clarify the financial responsibilities involved in the shipping process.
What does TTO mean in shipment terms?
In shipment terms, TTO stands for "Tactical Turnaround Operations." It refers to the processes and strategies employed to efficiently manage and expedite the turnaround of shipments, particularly in logistics and supply chain management. TTO focuses on minimizing delays and optimizing the flow of goods from one point to another, ensuring timely deliveries and improved operational efficiency.
What do 3ND2 payment terms mean?
Ah, payment terms can sometimes be like happy little trees in the world of business. "3ND2" stands for "3% discount if paid within 2 days." It's a way for businesses to encourage prompt payment and build positive relationships with their customers. Just like adding a touch of titanium white to your painting, these payment terms can bring a sense of balance and harmony to your financial transactions.
What does mns-2 mean as far as payment terms?
MNS-2 typically refers to specific payment terms in a contractual context, often indicating a payment schedule or conditions. It can denote that payment is due within a certain number of days after the invoice date, such as "net 30" or "net 60," meaning payment is expected within 30 or 60 days, respectively. The exact interpretation can vary depending on the industry or agreement in question, so it's essential to refer to the specific contract for precise terms.
The sum of of terms divided by the number of terms?
The mean, or the average.
What does sob mean in shipping terms?
Shipping on board-buyer owns merchandise at shipment and pays for shipment.
What does ROG mean in payment terms?
Payment is required on Release Of Goods
What does COD mean in payment terms?
Cash on Delivery
What is the meaning of payment terms LOL?
Lol mean laugh out loud that it mean
What does the mean of M30 payment terms?
Payable in 30 days
What do RDlc in terms of international trading mean?
RDl/c means REVOLVING DOCUMENTARY LETTER of CREDIT - it is banking instrument & it usual payment term in Int' trading when we speaking for yearly contracts. in this case each month shipment-loading has the same value.
What does PR mean in payment terms?
In payment terms, "PR" typically stands for "Payment Request." It refers to a formal request made by a vendor or service provider to a client for payment of goods or services rendered. This document outlines the amount due, the services or products provided, and the payment terms agreed upon. It's an essential part of the invoicing process in business transactions.
What is Net 25th in payment Terms mean?
It means you pay on the 25th of each month
What is D P at sight?
Wt do you mean Payment Terms 100% DP at Sigjht
What does 2 percent 2nd 10th net 30 payment terms mean?
stupud
What does Net 30 Prox mean?
The phrase Net 30 prox is used in the accounting field. It means that a buyers payment is due 30 days from the day they receive the shipment.
Does prior mean before or after?
"Prior" means before in terms of time or sequence. For example, if something occurs prior to an event, it happens before that event takes place.
