Late delivery penalty
What is Late delivery penalty?
A pre-agreed deduction when the supplier misses the shipment window, usually a percentage per week up to a cap. Common in retail supply agreements, because a missed launch date costs the buyer its promotional slot.
At a glance
- Category
- Trade & logistics
- Also known as
- 지체상금
- Korean term
- 지체상금
- Last reviewed
- July 23, 2026
Related terms
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