GlossaryEN1 min readUpdated: Jun 13, 2026
payment term
Freight forwarders and shippers agree on payment terms that specify when invoices are due, the payment periods (e.g.
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Definition & Explanation
Freight forwarders and shippers agree on payment terms that specify when invoices are due, the payment periods (e.g. net 30, net 60 days), accepted payment methods (bank transfer, card, cheque), and any early payment discounts. They differ from payment clauses by addressing primarily the operational flow of payment rather than penalties or default consequences. In shipping practice, payment terms are typically documented in standard terms and conditions (T&Cs) or individual contracts.
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