GB/T 18126-2010 English PDF

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GB/T 18126-2010: PAY TERMS -- Abbreviations for terms of payment for international trade
Status: Valid

GB/T 18126: Historical versions

Standard ID	USD	BUY PDF	Lead-Days	Standard Title (Description)	Status
GB/T 18126-2010	259	Add to Cart	3 days	PAY TERMS -- Abbreviations for terms of payment for international trade	Valid
GB/T 18126-2000	439	Add to Cart	4 days	PAYTERMS. Abbreviations for terms of payment of international trade	Obsolete

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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Older Standard (superseded by this standard): GB/T 18126-2000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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