Indication of reason for adjustment.
Type
String (AN)
Length
Max 3 / Min 1
Codes
<> 1
Agreed settlement
<> 2
Below specification goods
Goods of inferior quality.
<> 3
Damaged goods
<> 4
Short delivery
<> 5
Price query
<> 6
Proof of delivery required
<> 7
Payment on account
<> 8
Returnable container charge included
<> 9
Invoice error
<> 10
Costs for draft
Cost of draft has been deducted from payment.
<> 11
Bank charges
Bank charges have been deducted from payment.
<> 12
Agent commission
Agent commission has been deducted from payment.
<> 13
Counter claim
Buyer claims an existing (financial) obligation from seller which (partly) offsets the outstanding invoice(s).
<> 14
Wrong delivery
Delivery not according to specifications.
<> 15
Goods returned to agent
Goods returned to agent.
<> 16
Goods partly returned
Goods partly returned.
<> 17
Transport damage
Goods damaged in transit.
<> 18
Goods on consignment
Buyer does not accept invoice(s) charge as it relates to goods where the ownership remains with the seller until sold.
<> 19
Trade discount
Trade discount deducted from payment.
<> 20
Discount for late delivery
Penalty amount deducted for later delivery.
<> 21
Advertising costs
Advertising costs deducted from payment.
<> 22
Customs duties
Customs duties deducted from payment.
<> 23
Telephone and postal costs
Telephone and postal costs deducted from payment.
<> 24
Repair costs
Repair costs deducted from payment.
<> 25
Attorney fees
Attorney fees deducted from payment.
<> 26
Taxes
Taxes deducted from payment.
<> 27
Reclaimed deduction
Buyer reclaims an unspecified deduction from the invoice(s) (to be) paid.
<> 28
See separate advice
Buyer or seller refers to separate correspondence about a related shipment(s) and/or invoice(s) and/or a payment(s).
<> 29
Buyer refused to take delivery
Buyer refused to take delivery.
<> 30
Direct payment to seller
Buyer states to have paid to seller.
<> 31
Buyer disagrees with due date
Buyer disagrees with due date.
<> 32
Goods not delivered
Buyer has not received the goods.
<> 33
Late delivery
Goods delivered too late.
<> 34
Quoted as paid to you
Factor informs the seller that a certain invoice(s) was paid by the buyer directly to the seller.
<> 35
Goods returned
Buyer returned the goods to seller.
<> 36
Invoice not received
Buyer claims he did not receive the invoice for which payment is requested.
<> 37
Credit note to debtor/not to us
Factor informs the seller that he did not receive copy of a credit note sent to the buyer.
<> 38
Deducted bonus
Buyer has/will deduct a bonus he is entitled to from the payment.
<> 39
Deducted discount
Buyer has/will deduct the discount he is entitled to from the payment.
<> 40
Deducted freight costs
Buyer has/will deduct freight costs from the payment.
<> 41
Deduction against other invoices
Deduction against invoices already settled.
<> 42
Credit balance(s)
Buyer makes use of existing credit balance(s) to offset (partly) the outstanding invoice(s).
<> 43
Reason unknown
Factor informs the seller that the reason of a commercial dispute raised by the buyer is unknown.
<> 44
Awaiting message from seller
Buyer or factor are waiting for a (reply) message from the seller before a commercial dispute can be settled.
<> 45
Debit note to seller
Buyer issued debit note to seller.
<> 46
Discount beyond terms
Buyer has taken a discount larger than the discount terms agreed with the seller.
<> 47
See buyer's letter
See correspondence from buyer.
<> 48
Allowance/charge error
Error made by seller in the amount of allowance/charge.
<> 49
Substitute product
Product delivered not fully according to specification.
<> 50
Terms of sale error
Terms of sale not according to purchase order.
<> 51
Required data missing
A message sent by buyer to seller or by seller to buyer did not contain data required to take action/decision.
<> 52
Wrong invoice
Invoice issued to wrong party.
<> 53
Duplicate invoice
Invoice sent twice.
<> 54
Weight error
Weight not in accordance with the order.
<> 55
Additional charge not authorized
Additional charge not authorised.
<> 56
Incorrect discount
Buyer states that calculated discount on the invoice(s) is wrongly calculated.
<> 57
Price change
Price has been changed.
<> 58
Variation
The adjustment is a variation from an agreed value.
<> 59
Chargeback
Balance of one or more items charged back to seller.
<> 60
Offset
Allocation of one or more debit items to one or more credit items or vice-versa.
<> 61
Indirect payment
Payment in settlement of an invoice has been made to a party other than the designated creditor.
<> 62
Financial reassignment
Previously assigned invoice/credit note is being reassigned.
<> 63
Reinstatement of chargeback/offset
Reversal or cancellation of a chargeback and/or offset relating to an incorrect balance.
<> 64
Expecting new terms
Buyer expects that seller revises the terms of payment of an invoice.
<> 65
Settlement to agent
Invoice has been/to be paid to seller's agent.
<> ZZZ
Mutually defined
