What is 'prepaid' in SAP TM-ADP-CSL - Container Shipping Line?

prepaid - Overview

• Component: TM-ADP-CSL

• Component Name: Container Shipping Line

• Description: A commercial term, which means that the remittance of the bill of lading to the shipper must only be done after payment confirmed by the bank. If the place of payment is different from the place of issuance of the bill of lading, a confirmation of payment from agent at place of payment must be received before remittance.

prepaid - Details

• 
  Key Concepts: 
  Prepaid is a term used in the Container Shipping Line (CSL) component of SAP Transportation Management (TM). It refers to the payment of freight charges before the goods are shipped. This type of payment is usually made by the shipper, who pays the freight charges to the carrier in advance. 
  
  How to use it: 
  In SAP TM-ADP-CSL, prepaid is used to define the payment terms for a shipment. When a shipment is created, the user can select “prepaid” as the payment term. This will indicate that the freight charges will be paid before the goods are shipped. 
  
  Tips & Tricks: 
  When selecting prepaid as the payment term for a shipment, it is important to ensure that all necessary documents and information are provided to the carrier in advance. This will ensure that the shipment can be processed quickly and efficiently. 
  
  Related Information: 
  Prepaid is just one of many payment terms available in SAP TM-ADP-CSL. Other payment terms include collect, third party, and consignee billing. Each of these payment terms has its own advantages and disadvantages, so it is important to select the one that best suits your needs.