Common use of Remittance Advice Clause in Contracts

Remittance Advice. If settlement of freight and charges is done via bank transfer or cheques, ▇▇▇▇▇▇▇▇ agrees to forward a separate remittance advice outlining which invoices are included in each payment. This is to facilitate correct registration of the payment and to avoid that Company mistakenly considers freight, which has already been settled, to be overdue. In the absence of Customer’s advice to the contrary, any payment shall be applied to the oldest outstanding invoices.

Remittance Advice. If settlement of freight and charges is done via bank transfer or cheques, ▇▇▇▇▇▇▇▇ Customer agrees to forward a separate remittance advice outlining which invoices that are included in each payment. This is to facilitate correct registration of the payment and to avoid that Company Carrier mistakenly considers freight, which has already been settled, to be overdue. In the absence of Customer’s advice to the contrary, any payment shall be applied to the oldest outstanding invoices.