Logistics - General (LO)
Arrangements made with a business partner governing financial
settlement with respect to goods supplied and services performed.
- Stipulation of down-payment (advance payment) requirement
- Cash on delivery
- Payment following delivery (e.g. clauses "immediate payment in cash", "on a cash basis", stipulation of a period for payment)
- Combined conditions, e.g. the clause "payable in 30 days net (without deduction) or within 10 days with 2% discount"