payment terms required

[dileepkumar]

1) 100% Advance ? 100% advance payment at the time of placing the PO needs to be released.
2) 20% at the time Purchase Order and Balance 80% on delivery, but prior to shipment from the supplier?s factory. - ie the goods are ready with the supplier and he is just waiting for the balance 80% payment, only when he receives it , he will send the delivery.
3) 20% advance along with Purchase Order and Balance 80% immediately once the material reaches the Port (i.e. VL?s Customs House Agent)
4) 100% advance payment within 5 to 7 days after the Cargo reaches the Port

[tgs100]

You cannot specify milestones in the PO payment terms. You may have to define payment terms as given below.

1 and 4
=====
%DUE DAYS
------------------------
100 0

2 and 3
======
%DUE DAYS
------------------------
20 0
80 0

Cheers,
Saravanan TG