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Advance payment

Advance payment here means paying before goods are shipped. It does not require physical cash and need not occur exactly when the order is placed.[1]

The buyer consequently bears financing and delivery exposure. With a new supplier, specify production, inspection and shipment milestones. Payment evidence confirms that funds were sent, not that the agreed quality has been delivered.

Content updated:

Sources

  1. Logistics Glossary - Inbound Logistics

Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.