Summary of Requirement
ACME Co. has the need to display Incoterms on all invoices created in GP. This includes the 3 digit Incoterm acronym, Incoterm Name and the Detailed Description.
A sample of the fields and data required are as follows:
Incoterm Name: Ex Works
Detailed Description: The seller (exporter) delivers when he places the goods at the disposal of the buyer (importer) at the seller’s premises or other named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. This term thus represents the minimum obligation by the seller (exporter), and the buyer (importer) has to bear all costs and risks involved in taking the goods from the seller’s premises. However, if the parties wish the seller (exporter to be responsible for the loading of the goods on departure and to bear the risks and all costs of such loading, this should be made clear by adding explicit wording to this effect in the contract.
View design specification DS0564