What is meant by payment term DA 60 days?
DA is a term used in import/export business internationally. DA stands for "Documents against Acceptance" and "number of Days" specified with DA means the number of days credit against that particular set of shipment documents(invoice, Shipping bill etc) i.e. DA 60 days means that importer/ purchaser will make payment within or at the latest by 60th day from the date of his acceptance of the Documents.
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A "Prox 60" payment term means that the clock on invoice aging starts at the end of a given month rather than upon actual receipt of the invoice.. Example:. ACME Widget's AR… department invoices customer SlyFox, Inc. weekly for goods and services performed the week before. ACME invoices SFI on Jan 7, 14, 21 and Jan 28.. With a Net 60, the invoices would each be due no later than 60 days from the issue date. So, (basically) March 7, 14, 21 and March 28.. With a Prox 60, all four invoices are due no later than March 31, because the 60 day payment "clock" for any January invoice doesn't kick in until January 31.. Prox 60 is a pretty sweet deal for a buyer. Simplified AP and what amounts to a Net 85 term for early month billing. Because of this, Prox 60 is hard to come by and the savvy business provider will either avoid it altogether or will adjust pricing and other contract terms accordingly.. Hope this helps.
In my area they mean payment is due 30 or 60 days from invoice date, respectively. -- days net or -- days DOI meaning the same thing.
paiement contre BL Cela signifie le fournisseur veut vous faire payer 30% par la tÃ©lÃ©-transfert (TT) immÃ©diatement, vous confirmez la commande. Bilan par tÃ©lÃ©co…pieur B / L signifie qu'une fois les marchandises sont expÃ©diÃ©es, le tÃ©lÃ©copieur que vous vous fourni le connaissement et que vous devez payer le solde de 70% (par TT je prÃ©sume). Une suggestion - en entrant dans un tel contrat, s'il vous plaÃ®t s'assurer que vous obtenez "Ã bord" scellÃ©s B / L afin que vous sachiez que les marchandises ont Â«effectivementÂ» Ã©tÃ© mis sur le navire et ne pas attendre au port de pays de l'importateur.
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how …the payment term document against acceptance stands.
It means 60 from the date the customer receives the goods. . CAD = Cash Against Documents
TT means Telegraphic transfer
DA is the abbreviation of Document againts Acceptance.
This is the thread count, when the cotton is constructed, if counted the number of squares in a inch of the said fabric you would have 60, hence the term 60 square. The higher… the thread count the finer the fabric, so up goes the quality, and price, A good quality cotton fabric would be a percale quality, around 500 thread count.
in order to receive the discount payment is to be made by the 15th of the following month(depending upon the cutoff date being used) otherwise, payment is to be made in 60 day…s from the discount date. Ex. Based on a 25th cut-off invoice date 9/1 has until 10/15 for discount or 12/15 without discount.
Net in 60 strictly means that the balance is due 60 days from the invoice date. If the invoice date is January 15th, then the balance (net) is due on (or before) March 15th. 6…0 days after the invoice date. Other terms used are 2n20 net 60 which merely means the payer of the invoice can take a 2 percent discount if the amount due is paid off on or before the tenth day after the invoice date.
If payment terms are payment in 60 days is that legally when payment is sent or when it is received?
When payment is received. But, most lenders offer a grace period for receipt of payments, partially for this reason. Your best bet is to give no less than three days mail time… for a payment to be received.
OA = open account
Full amount of invoice (net) is due in 5 days after receipt of invoice. Net means all charges: the goods or service itself, shipping, handling, taxes, etc.
Delivered Duty Unpaid. This terms no longer exists in the latest version of Incoterms 2010
open account 30 days..
A Payment Terminal refers to the keypad and LCD monitor device used by many business to allow credit and debit card transactions. Usually the credit or debit card is "swiped" …through the terminal, and instructions for completing the transaction are given on the screen and by the cashier.
Cash on Delivery means that when a package arrives to its destination payment in cash currency only. Credit cards and debit machines are not available to use.