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Glossary term
termLabelsAccount_Receivables Cash_Collection
gloTermLitigationtermAbbrstermSyns

A litigation is an old dispute 16 working day - The litigation process starts if no solutions or compromises are found during the dispute process. At this point, the Credit Collection did not succeed in recovering the overdue 16 working days after the due date.

Glossary term
termLabelsCustomer_service
gloTermLetter of credit
termAbbrsL/C

Glossary term
termLabelsLogistic
gloTermLeadtime

Time needed to have the product available. Calculated from date of customer purchase order receipt

Glossary term
termLabelsCTC
gloTermLong Term Declaration
termAbbrsLTD

Document certifying preferential origin of goods sold to customers

Glossary term
termLabelsCTC
gloTermLong Term Vendor Declaration
termAbbrsLTVD

When a supplier regularly supplies a particular customer with goods whose status in respect of the rules of preferential origin is expected to remain constant for a considerable period of time, he may provide a single declaration to cover subsequent shipments of those goods. This document is called a long-term supplier’s declaration. A long-term suppliers declaration may be issued for a period of up to one year from the date of issue of the declaration.