4279 Payment terms type qualifier

Identification of the type of payment terms.

Type
String (AN)
Length
Min 1 / Max 3
Codes
CodeDescription
1Basic
Payment conditions normally applied.
2End of month
3Fixed date
4Deferred
5Discount not applicable
6Mixed
Different payment terms negotiated under a documentary credit.
7Extended
8Basic discount offered
9Proximo
Occurring in the next month after present.
10Instant
Payment is due on receipt of invoice.
11Elective
Payment terms to be chosen by buyer (from options separately advised).
1210 days after end of month
Payment due ten days after end of a calendar month.
13Seller to advise buyer
Seller will advise buyer of payment terms by separate transaction.
14Paid against statement
15No charge
16Not yet defined
17Ultimo
Payment is due the end of the current or specified month.
18Previously agreed upon
20Penalty terms
21Payment by instalment
22Discount
23Available by sight payment
Payment made at sight.
24Available by deferred payment
Payment made at deferred date.
25Available by acceptance
Payment on acceptance.
26Available by negotiation with any bank
Payment made by negotiation with any bank.
27Available by negotiation with any bank in ...
Payment made by negotiation with any bank in a specified location.
28Available by negotiation by named bank
Payment made by negotiation with a specified financial institution.
29Available by negotiation
Payment made by negotiation.
30Adjustment payment
Payment adjusted for outstanding credits or debits.
31Late payment
Payment after due date.
32Advanced payment
Payment in advance of due date.
33Payment by instalments according to progress (as agreed)
Payment by instalments according to progress (as agreed).
34Payment by instalments according to progress (to be agreed)
Payment by instalments according to progress (to be agreed).
35Nonstandard
Terms of payment differ from the normal terms.
36Tenor payment terms
Payment to be made according to bilaterally agreed conditions between buyer and seller.
37Complete payment
Payment must be made for complete value and may not be paid in instalments.
38Payment terms defined in consolidated invoice
Payment terms are specified in a consolidated invoice.
ZZZMutually defined

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