Glossary entry

English term or phrase:

30 from date of shipment

English answer:

30 days after shipment

    The asker opted for community grading. The question was closed on 2012-12-01 08:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)
Nov 28, 2012 05:36
11 yrs ago
4 viewers *
English term

fromdate ofshipment

English Law/Patents Law (general) net 30 days from date of shipment
Quotation:

PAYMENT TERMS - All sales, if on credit, are net 30 days from date of shipment, unless otherwise specified on invoice. In the event Buyer fails to make full payment within such 30 day period, the unpaid balance of the invoice shall bear interest at the rate of 1.5% for each full or partial month such invoice remains unpaid for which Buyer will be liable. In the event Bromiley incurs any expense collecting a past due invoice, Buyer shall pay for all collection costs, including attorney’s fees and court costs, if any, incurred in collection.

(Does the expression "net 30 days from date of shipment" mean the payment should be done within 30 daus before the shipment ??)
Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): Charlesp

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Responses

+3
6 mins
Selected

30 days after shipment

30 days after the item(s) leave the possession of the seller and are considered "shipped" (received by the shipping service), and not 30 days from when received by the buyer. Time in transit counts toward the 30 days due...
Peer comment(s):

agree Sven Petersson
1 min
Sven, thanks for your response.
agree Charles Davis : Correct; date of shipment (in the US at least) means date of issuance of bill of lading when shippers receive the goods, before actual dispatch. // I think it's different in UK; DOS is actual date of loading/dispatch; bill of lading is not dated earlier
1 hr
Thanks, Charles, would the DOS be considered when received in the UK? / Sounds like the difference may be when it arrives to shipper vs. when it departs shipper's premises for delivery, which leads me to wonder about that middle time, lol! Thanks again!
agree Veronika McLaren
7 hrs
Dankeschön, Veronika.
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4 KudoZ points awarded for this answer. Comment: "many thanks"
17 mins

after the shipment

Once the product has been shipped, the buyer has 30 days to make the payment.
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