settlement account

A legally binding agreement between disputing parties aimed at resolving a dispute through mutual agreement. It sets out the terms of the settlement, ...

A settlement or reconciliation of levies, taxes, duties and charges due to authorities in the context of transport or logistics services; it aggregate...

The risk that a transaction, order, or settlement cannot be completed as agreed, due to counterparty default, delays, or errors in payment or document...

A ZAZ account (Payment and Settlement Account) is a centralized financial account maintained by freight forwarders, carriers or logistics providers to...

The process by which an insurer, carrier, or other liable party reviews, assesses, and settles a claim for damage, loss, or delay in transport, determ...

The final settlement is the concluding accounting and payment process to reconcile and pay all charges due under a logistics, supply chain, or transpo...