EANCOM® 2002 Part III Data Element & Code Sets Directory
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4277 Payment terms description identifier
 
Identification of the terms of payment between the parties to a transaction (generic term).

Notes:
1. Recommend use UN/ECE Recommendation No. 17 Payterms.
                              
For code list updates look into the Global Data Dictionary: http://apps.gs1.org/GDD/bms/EANCOM/Pages/clDetails.aspx?semanticURN=urn:gs1:gdd:cl:4277PaymentTermsDescriptionIdentifier
                              
       
    S Old Code  
  1 =
Draft(s) drawn on issuing bank
Draft(s) must be drawn on the issuing bank.
     
  2 =
Draft(s) drawn on advising bank
Draft(s) must be drawn on the advising bank.
     
  3 =
Draft(s) drawn on reimbursing bank
Draft(s) must be drawn on the reimbursing bank.
     
  4 =
Draft(s) drawn on applicant
Draft(s) must be drawn on the applicant.
     
  5 =
Draft(s) drawn on any other drawee
Draft(s) must be drawn on any other drawee.
     
  6 =
No drafts
No drafts required.
     
+ ZZZ =
Mutually defined (GS1 Temporary Code)
A code identifying mutually defined payment terms.
     
 
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