GlossaryEN1 min readUpdated: Jun 12, 2026

settlement account

A settlement account enables business partners in transport and logistics to manage mutual claims and payments through a single interface.

Last updated: 12 June 2026Published: 27 January 2026

Source: https://www.lexico.com/definition/settlement_account

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Logistics Concept

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A settlement account enables business partners in transport and logistics to manage mutual claims and payments through a single interface. Rather than settling individual invoices immediately, charges and credits are accumulated and reconciled at regular intervals (daily, weekly, or monthly). This streamlines accounting, reduces transaction costs, and improves cash flow—especially in high-volume trading relationships between forwarders, shippers, and consignees. Additional charges such as customs fees, terminal surcharges, or storage costs are typically posted to the same account.

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settlement account

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