Glossary
General
Term |
Description |
|
Backload |
Deferred delivery, to tie in with a trip back to base (see Return Journey below) |
|
CX |
Courier Exchange |
|
CX Interactive |
Messaging platform built in to the exchange |
|
CX Mobile |
Unique service for working with the exchange from the road |
|
GIT |
Goods in Transit insurance cover |
|
GTM |
Goods to Move, loads offered for delivery by members of the exchange |
|
Hotshot |
Rush or time sensitive delivery required |
|
POD |
Proof of Delivery, signed, dated & timed |
|
RJ |
Return Journey, the trip back to base |
|
TrampCX |
Unique online service to enable subscribers to work together, confirm bookings online, PODs, raise invoices |
Credit Terms
Here is a list of commonly used invoicing & payment terms, with their accepted meanings:
|
Cash Account |
Account conducted on a cash basis, no credit |
|
COD |
Cash on delivery Payment seven days after invoice |
|
Net 7 Days |
Payment 7 days after invoice |
|
Net 30 Days |
Payment 30 days after invoice |
|
Net 60 Days |
Payment 60 days after invoice |
|
Net 90 Days |
Payment 90 days after invoice |
|
Net Monthly Account |
Payment due on the last day of the month following the one in which the invoice is dated |
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