Abbreviation+for+Terms+of+Payment

Recommendation 17 PAYTERMS – ABBREVIATIONS FOR TERMS OF PAYMENT


 * Author/Source:** UNECE through its Center for Trade Facilitation and Electronic Business (UN/CEFACT)
 * Year of adopting/publication:** 1982
 * Link to the document on the internet**: UNECE website
 * Purpose:** To provide precision in terms of payment in international sale contracts and a single definition of the terms so as to reduce disputes between trade partners.
 * Summary:** The Recommendation No. 17 provides abbreviations for certain terms of payment, referred to as “PAYTERMS”, for use in international trade transactions, commercial transactions relating to the provision of goods and/or services, as appropriate.

Payment
 * Pages that refer to Recommendation 17 **