Receipt and Acceptance-Partial Delivery of Goods is the process of accepting the delivery of a portion of goods from a supplier while acknowledging the remainder will be delivered later. This process is typically done when an order is too large to be filled in one shipment. In this case, the buyer will accept delivery of part of the order while the remaining goods are shipped at a later date. The different types of Receipt and Acceptance-Partial Delivery of Goods include: 1. Partial Delivery with Prorate Payment: This is where the buyer agrees to accept a portion of the goods and pay a pro rata amount for them. The remaining goods will be delivered and paid for at a later date. 2. Partial Delivery with Deferred Payment: This is where the buyer agrees to accept a portion of the goods but will not pay for them until the remaining goods are delivered. 3. Partial Delivery with Cash on Delivery (COD): This is where the buyer agrees to accept a portion of the goods and pay for them in cash when the remaining goods are delivered. Overall, Receipt and Acceptance-Partial Delivery of Goods is a process where a buyer can accept a partial delivery of goods while acknowledging that the remainder will be delivered at a later date.
Receipt and Acceptance-Partial Delivery of Goods
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