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1 |
| Agreed settlement |
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Self explanatory. |
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2 |
| Below specification goods |
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Goods of inferior quality. |
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3 |
| Damaged goods |
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Self explanatory. |
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4 |
| Short delivery |
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Self explanatory. |
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5 |
| Price query |
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Self explanatory. |
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6 |
| Proof of delivery required |
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The buyer requires that proof of delivery be made before payment. |
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7 |
| Payment on account |
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Buyer is to make payment later. |
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8 |
| Returnable container charge included |
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Adjustment made to deduct the returnable container charge. |
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9 |
| Invoice error |
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Invoice not in accordance with the order. |
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10 |
| Costs for draft |
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Cost of draft has been deducted from payment. |
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11 |
| Bank charges |
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Bank charges have been deducted from payment. |
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12 |
| Agent commission |
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Agent commission has been deducted from payment. |
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13 |
| Counter claim |
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Buyer claims an existing (financial) obligation from seller which (partly) offsets the outstanding invoice(s). |
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14 |
| Wrong delivery |
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Delivery not according to specifications. |
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15 |
| Goods returned to agent |
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Goods returned to agent. |
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16 |
| Goods partly returned |
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Goods partly returned. |
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17 |
| Transport damage |
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Goods damaged in transit. |
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18 |
| Goods on consignment |
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Buyer does not accept invoice(s) charge as it relates to goods where the ownership remains with the seller until sold. |
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19 |
| Trade discount |
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Trade discount deducted from payment. |
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20 |
| Deduction for late delivery |
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Penalty amount deducted for later delivery. |
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21 |
| Advertising costs |
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Advertising costs deducted from payment. |
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22 |
| Customs duties |
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Customs duties deducted from payment. |
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23 |
| Telephone and postal costs |
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Telephone and postal costs deducted from payment. |
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24 |
| Repair costs |
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Repair costs deducted from payment. |
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25 |
| Attorney fees |
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Attorney fees deducted from payment. |
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26 |
| Taxes |
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Taxes deducted from payment. |
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27 |
| Reclaimed deduction |
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Buyer reclaims an unspecified deduction from the invoice(s) (to be) paid. |
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28 |
| See separate advice |
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Buyer or seller refers to separate correspondence about a related shipment(s) and/or invoice(s) and/or a payment(s). |
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29 |
| Buyer refused to take delivery |
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Buyer refused to take delivery. |
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30 |
| Direct payment to seller |
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Buyer states to have paid to seller. |
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31 |
| Buyer disagrees with due date |
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Buyer disagrees with due date. |
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32 |
| Goods not delivered |
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Buyer has not received the goods. |
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33 |
| Late delivery |
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Goods delivered too late. |
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34 |
| Quoted as paid to you |
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Factor informs the seller that a certain invoice(s) was paid by the buyer directly to the seller. |
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35 |
| Goods returned |
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Buyer returned the goods to seller. |
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36 |
| Invoice not received |
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Buyer claims he did not receive the invoice for which payment is requested. |
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37 |
| Credit note to debtor/not to us |
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Factor informs the seller that he did not receive copy of a credit note sent to the buyer. |
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38 |
| Deducted bonus |
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Buyer has/will deduct a bonus he is entitled to from the payment. |
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39 |
| Deducted discount |
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Buyer has/will deduct the discount he is entitled to from the payment. |
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40 |
| Deducted freight costs |
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Buyer has/will deduct freight costs from the payment. |
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41 |
| Deduction against other invoices |
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Deduction against invoices already settled. |
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42 |
| Credit balance(s) |
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Buyer makes use of existing credit balance(s) to offset (partly) the outstanding invoice(s). |
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43 |
| Reason unknown |
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Factor informs the seller that the reason of a commercial dispute raised by the buyer is unknown. |
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44 |
| Awaiting message from seller |
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Buyer or factor are waiting for a (reply) message from the seller before a commercial dispute can be settled. |
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45 |
| Debit note to seller |
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Buyer issued debit note to seller. |
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46 |
| Discount beyond terms |
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Buyer has taken a discount larger than the discount terms agreed with the seller. |
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47 |
| See buyer's letter |
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See correspondence from buyer. |
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48 |
| Allowance/charge error |
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Error made by seller in the amount of allowance/charge. |
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49 |
| Substitute product |
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Product delivered not fully according to specification. |
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50 |
| Terms of sale error |
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Terms of sale not according to purchase order. |
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51 |
| Required data missing |
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A message sent by buyer to seller or by seller to buyer did not contain data required to take action/decision. |
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52 |
| Wrong invoice |
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Invoice issued to wrong party. |
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53 |
| Duplicate invoice |
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Invoice sent twice. |
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54 |
| Weight error |
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Weight not in accordance with the order. |
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55 |
| Additional charge not authorized |
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Additional charge not authorised. |
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56 |
| Incorrect discount |
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Buyer states that calculated discount on the invoice(s) is wrongly calculated. |
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57 |
| Price change |
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Price has been changed. |
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58 |
| Variation |
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The adjustment is a variation from an agreed value. |
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59 |
| Chargeback |
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Balance of one or more items charged back to seller. |
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60 |
| Offset |
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Allocation of one or more debit items to one or more credit items or vice-versa. |
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61 |
| Indirect payment |
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Payment in settlement of an invoice has been made to a party other than the designated creditor. |
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62 |
| Financial reassignment |
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Previously assigned invoice/credit note is being reassigned. |
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63 |
| Reinstatement of chargeback/offset |
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Reversal or cancellation of a chargeback and/or offset relating to an incorrect balance. |
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64 |
| Expecting new terms |
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Buyer expects that seller revises the terms of payment of an invoice. |
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65 |
| Settlement to agent |
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Invoice has been/to be paid to seller's agent. |
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66 |
| Cash discount |
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An adjustment has been made due to the application of a cash discount. |
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67 |
| Delcredere costs |
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Costs deducted from a total amount to pay for the services of central payment. |
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68 |
| Early payment allowance adjustment |
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Adjustment results from the application of an early payment allowance. |
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69 |
| Incorrect due date for monetary amount |
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Adjustment has been made because an incorrect due date was referred to with regard to the monetary amount. |
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70 |
| Wrong monetary amount resulting from incorrect free goods quantity |
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Adjustment has been made because of a wrong monetary amount resulting from an incorrect free goods quantity. |
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71 |
| Rack or shelf replenishment service by a supplier |
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Adjustment due to the replenishment of the racks or shelves by a supplier. |
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72 |
| Temporary special promotion |
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Adjustment due to a temporary special promotion. |
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73 |
| Difference in tax rate |
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Adjustment due to a difference in tax rate. |
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ZZZ |
| 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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