Due to coronavirus-related market disruptions, many of our grower and shipper members have received requests from their buyers – largely in the foodservice sector – to extend payment terms beyond 30 days. Be advised that extending payment terms beyond 30 days BEFORE the initial 30-day payment period has expired will waive your PACA Trust rights. ...
As a produce salesperson or manager in accounting for your company, I can appreciate the many daily challenges you face that tug and pull for your priority and attention. With that said, the very last thing you want to deal with is payment term inconsistencies within your sales documentation that may put your company in ...