Transcription of Recommendation 17 PAYTERMS – ABBREVIATIONS FOR …
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Recommendation 17 PAYTERMS – ABBREVIATIONS FOR …
Quently used in international trade, which can be em-ployed when the contract of sale to which they relatemakes this appropriate;Recommends that the ABBREVIATIONS shown in the list of PAYTERMS be used in such the fifteenth session of the Working Party, representa-tives attended from:Austria; Belgium; Bulgaria; Canada; Czechoslovakia;Denmark; Finland; France; German Democratic Repub-lic; Germany, Federal Republic of; Hungary; Italy; Neth-erlands; Norway; Poland; Romania; Spain; Sweden;Switzerland; Turkey; Union of Soviet Socialist Repub-lics; United Kingdom of Great Britain and NorthernIreland; and United States of America. Representativesfrom Japan, Nigeria and Thailand participated underArticle 11 of the Commission s terms of following specialized agencies and otherintergovernmental and non-governmental organizationswere also represented:Intergovernmental Maritime Consultative Organization(IMCO); General Agreement on Tariffs and Trade(GATT); European Economic Community (EEC); Cus-toms Co-operation Council (CCC); International Cham-ber of Commerce (ICC); International Organization forStandardization (ISO); International Union of Railways(UIC); International Chamber of Shipping (ICS); Inter-national Civil Airports Association (ICAA); and Inter
of Delivery of Goods between Organizations of the Mem-ber Countries of the Council for Mutual Economic Assis-tance. 2.3.1 With immediate payment and later acceptance – INNO 2.3.2 With prior acceptance – INPA Group 3 – Payment by Instalments – PARTS The debtor is to pay in instalments, each corresponding to a fraction of the total amount ...
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