EANCOM PART III DATA ELEMENT & CODE SETS DIRECTORY   1997-07-01
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4471
  Settlement, coded
  Indication of how allowances or charges are to be settled.
 
1
= Bill back
  Refers to a charge or allowance for the buyer and the buyer will bill back the seller.
2
= Off invoice
  The allowance or charge is being deducted from the face of the document.
3
= Vendor check/cheque to customer
  An allowance will be given to a customer from the supplier in the form of a check/cheque.
4
= Credit customer account
  An allowance will be processed for the customer by giving a credit to their account.
5
= Charge to be paid by vendor
  A charge whose payment will be made by the vendor.
6
= Charge to be paid by customer
  A charge whose payment will be made by the customer.
+ 13
= All charges borne by payee
  All charges are to be borne by the beneficiary.
+ 14
= Each pay own cost
  Each party are to be responsible for its own charges.
+ 15
= All charges borne by payor
  All the charges are to be borne by the ordering customer.
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