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GB/T 18126-2010: PAY TERMS -- Abbreviations for terms of payment for international trade
Status: Valid GB/T 18126: Evolution and historical versions
| Standard ID | Contents [version] | USD | STEP2 | [PDF] delivered in | Standard Title (Description) | Status | PDF |
| GB/T 18126-2010 | English | 259 |
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PAY TERMS -- Abbreviations for terms of payment for international trade
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GB/T 18126-2010
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| GB/T 18126-2000 | English | 439 |
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PAYTERMS. Abbreviations for terms of payment of international trade
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GB/T 18126-2000
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PDF similar to GB/T 18126-2010
Basic data | Standard ID | GB/T 18126-2010 (GB/T18126-2010) | | Description (Translated English) | PAY TERMS -- Abbreviations for terms of payment for international trade | | Sector / Industry | National Standard (Recommended) | | Classification of Chinese Standard | A10 | | Classification of International Standard | 01.140.30 | | Word Count Estimation | 11,141 | | Date of Issue | 2010-12-01 | | Date of Implementation | 2011-05-01 | | Older Standard (superseded by this standard) | GB/T 18126-2000 | | Quoted Standard | GB/T 7408; GB/T 15191; ICC UCP600; ICC UCR522 | | Adopted Standard | MOD | | Regulation (derived from) | Announcement of Newly Approved National Standards No. 9, 2010 (No. 164 overall) | | Issuing agency(ies) | General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China, Standardization Administration of the People's Republic of China | | Summary | This standard specifies the use of international trade payment terms abbreviations, referred PAYTERMS. This standard applies to international trade, trade in goods and/or services trade. | GB/T 18126-2010: PAY TERMS -- Abbreviations for terms of payment for international trade---This is a DRAFT version for illustration, not a final translation. Full copy of true-PDF in English version (including equations, symbols, images, flow-chart, tables, and figures etc.) will be manually/carefully translated upon your order.
PAYTERMS.Abbreviations for terms of payment for international trade
ICS 01.140.30
A10
National Standards of People's Republic of China
Replacing GB/T 18126-2000
Acronyms international trade payment terms (PAYTERMS)
Issued on. 2010-12-01
2011-05-01 implementation
Administration of Quality Supervision, Inspection and Quarantine of People's Republic of China
Standardization Administration of China released
Table of Contents
Preface Ⅰ
1 Scope 1
2 Normative references 1
3 Terms and definitions 1
4 Symbol Description 1
Acronyms 5 payment terms (PAYTERMS) 2
Appendix A (informative) payment terms acronyms (PAYTERMS) index (according to the terms of payment order) 5
Acronyms Appendix B (informative) terms of payment (PAYTERMS) index (in alphabetical order) 7
Foreword
This revised standard adopts the United Nations Recommendations on the 17th, "Acronyms international trade payment terms (PAYTERMS)".
This standard with the United Nations Recommendation No. 17 compared to the main changes are.
--- The standard refers to GB/T 7408 "Data elements and interchange formats - Information interchange dates and times", while the United Nations was built
Recommendation No. 17 refers to the UN Recommendations 7 and ISO 2014;
--- Chapter 4 of this standard adopted GB/T 7408 description, while the United Nations Recommendations on the 17th adopted ISO 2014 instructions;
--- This standard 5.1.2 "revocable documentary credit" and 5.2.3 "Comecon (CMEA) with a single collection," each with a note.
This standard replaces GB/T 18126-2000 "International trade payment terms Abbreviations (PAYTERMS)".
The main changes in the standards and GB/T 18126-2000 compared as follows.
--- Introduction of standards has been modified;
--- Increasing the normative references;
--- Of Chapter 4 Symbol Description has been modified;
--- 5.2.3 to 5.1.2 and added comments.
Appendix A of this standard and Appendix B is an informative annex.
This standard by the National Standardization Technical Committee of e-business and focal points.
This standard drafting units. China National Institute of Standardization, the Commerce Department License Bureau, China Association of Enterprises with Foreign Trade and Economic Cooperation.
The main drafters of this standard. Hu Han Jing, Wang Lingyun, Li Ying, Xiong Hongyan, Zhang Yin Fen, Bing, Chen Ying.
This standard replaces the standards previously issued as follows.
--- GB/T 18126-2000.
Acronyms international trade payment terms (PAYTERMS)
1 Scope
This standard specifies the abbreviations used in international trade payment terms, referred PAYTERMS.
This standard applies to international trade in goods and trade and/or services.
2 Normative references
The following documents contain provisions which, through reference in this standard and become the standard terms. For dated references, subsequent
Amendments (not including errata content) or revisions do not apply to this standard, however, encourage the parties to this part of the research agreement
Whether the latest versions of these documents. For undated reference documents, the latest versions apply to this standard.
GB/T 7408 Data elements and interchange formats - Information interchange the date and time notation (GB/T 7408-2005, ISO 8601.
2000, IDT)
GB/T 15191 Trade Data Element Directory Standard data element (GB/T 15191-1994, idtISO 7372.1993)
International Chamber of Commerce (ICC) Uniform Customs and Practice for Documentary Credits (UCP600)
International Chamber of Commerce (ICC) Uniform Rules for Collections (UCR522)
3 Terms and definitions
The following terms and definitions apply to this standard.
3.1
Payment Terms termsofpayment
In order to become an effective means of payment of debt and must meet requirements, which typically include payment terms, payment methods
(Whether or not including guarantees), the payment amount and payment statements regarding the location. This provision does not decide the legitimacy of these claims.
3.2
Collection colection
Banks based on instructions received on financial instruments and commercial documents to operate, in order to.
a) acceptance and/or payment;
b) against acceptance and/or payment orders;
c) such other terms and conditions to pay a single.
3.2.1
Financial instruments financialdocuments
Bills of exchange, promissory notes, checks, payment receipts or other similar instruments used for obtaining payment.
3.2.2
Commercial documents commercialdocuments
Invoices, shipping documents, documents of title or other similar documents, and any other proof of non-financial instruments.
4 Symbol Description
The following symbols and abbreviations payment terms (PAYTERMS) used in combination, which represents the date and time in line with GB/T 7408 of
Provisions, PAYTERMS indicates compliance with GB/T 15191 is.
[Y] represents the time element "year" of one thousand, one hundred, ten and a bit components used in digital;
[M] represents the digital time element "month" is used;
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