"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.
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.
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.
The mean, or the average.
prioirandposterior dist
That's the definition of the "mean" or "average" of that group of terms.
Shipping on board-buyer owns merchandise at shipment and pays for shipment.
Payment is required on Release Of Goods
Cash on Delivery
Lol mean laugh out loud that it mean
Payable in 30 days
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.
It means you pay on the 25th of each month
Wt do you mean Payment Terms 100% DP at Sigjht
stupud
"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.
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.
I think the "terms of sale" are simply all the terms defined in the sales contract... They include name of commodity, specifications, packing, quantity, unit price, total value, time of shipment, port of loading etc...