Statistical Delivery Date definition
Statistical Delivery Date means the date for the calculation of the delivery time. Calculation of the delivery time is an element in the determination of a Sellers adherence to delivery dates (that is, the Seller’s delivery timeliness, or on-time delivery performance).
Examples of Statistical Delivery Date in a sentence
If, upon the Statistical Delivery Date at the Supplier Tender Point, there is no carrier to receive the tool, Supplier must notify Buyer immediately.
Payment on all other Items and Services shall be *** net *** days from the later of (i) the Statistical Delivery Date, (ii) confirmation of delivery to the Supplier Tender Point (or performance of Service), or (iii) Buyer’s receipt of invoice, except as in section III below.