EDI Payment Terms start on the value provided in the data element ITD02: Terms Basis Date Code
ITD02 (data element 333) is the Code identifying the beginning of the terms period.
In the ITD segment below the value in ITD02 is 2 which means payment terms start on Delivery Date
ITD*01*2*1.5**15**30
Complete List of Terms Basis Date Codes
| CODE | DEFINITION & EXPLANATION |
|---|---|
| 1 | Ship Date |
| 2 | Delivery Date |
| 3 | Invoice Date |
| 4 | Specified Date |
| 5 | Invoice Receipt Date |
| 6 | Anticipated Delivery Date |
| 7 | Effective Date |
| 8 | Invoice Transmission Date |
| 09 | Purchase Order Date |
| 10 | Invoice Verification Date |
| 11 | Completion And Acceptance Date |
| 12 | Approval of Sample Date |
| 13 | Approval of Gage Date |
| 14 | Quality Approval Date |
| 15 | Receipt of Goods |
| 16 | Quarter Start Date |
| ZZ | Mutually Defined |