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4277
Payment terms description identifier
  Identification of the terms of payment between the parties to a transaction (generic term).

Notes:
1. Recommend use UN/ECE Recommendation No. 17 Payterms.
   
   
1
Draft(s) drawn on issuing bank
Draft(s) must be drawn on the issuing bank.
2
Draft(s) drawn on advising bank
Draft(s) must be drawn on the advising bank.
3
Draft(s) drawn on reimbursing bank
Draft(s) must be drawn on the reimbursing bank.
4
Draft(s) drawn on applicant
Draft(s) must be drawn on the applicant.
5
Draft(s) drawn on any other drawee
Draft(s) must be drawn on any other drawee.
6
No drafts
No drafts required.
ZZZ
Mutually defined (GS1 Code)
A code identifying mutually defined payment terms.
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