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S |
Old Code |
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1 |
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| Basic |
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| Payment conditions normally applied. |
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2 |
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| End of month |
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| Payments are due at end of month. |
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GS1 Description:
Payment terms are at the end of the current month. |
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3 |
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| Fixed date |
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| Payments are due on the fixed date specified. |
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4 |
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| Deferred |
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| Payments are deferred beyond the normal due date. |
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5 |
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| Discount not applicable |
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| Payment terms on which discounts are not applicable. |
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GS1 Description:
Discount is not applicable to the payment terms. |
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6 |
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| Mixed |
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| Different payment terms negotiated under a documentary credit. |
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7 |
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| Extended |
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| Payment is extended beyond the normal due date. |
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8 |
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| Basic discount offered |
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| Payment terms reflect the basic offered discount. |
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9 |
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| Proximo |
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| Occurring in the next month after present. |
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10 |
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| Instant |
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| Payment is due on receipt of invoice. |
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11 |
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| Elective |
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| Payment terms to be chosen by buyer (from options separately advised). |
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12 |
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| 10 days after end of month |
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| Payment due ten days after end of a calendar month. |
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18 |
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| Previously agreed upon |
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| Payment terms have been previously agreed upon. |
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20 |
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| Penalty terms |
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| Payment terms on which penalties apply. |
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GS1 Description:
Penalty terms applied when payer exceeds normal payment terms. |
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21 |
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| Payment by instalment |
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| Payment terms are based on instalment payments. |
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22 |
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| Discount |
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| Payment terms on which discounts are applicable. |
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GS1 Description:
Payment conditions related to discounts for advanced payments. |
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10E |
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| Complete payment (GS1 Code) |
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| Payment must be made for complete value and may not be paid in installments. |
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X10 |
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| Discount after deducting freight (GS1 Code) |
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X11 |
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ZZZ |
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| Mutually defined |
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| A code assigned within a code list to be used on an interim basis and as defined among trading partners until a precise code can be assigned to the code list. |
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