Financial Terms
1) Unless otherwise agreed, AON members will settle all debts within thirty days of invoicing one another.

2) Unless otherwise agreed, AON members will keep FOB, clearance, delivery / inland transportation, etc., charges for themselves. For international ocean or air carriage, a 50/50 profit share will be assumed.

3) Unless otherwise noted and agreed, it is automatically assumed that AON members will quote each other in United States Dollars. Quotations from AON members to AON members must specifically state other currencies, if this is a requirement.

4) Unless otherwise agreed, payments to AON members will be in the currency quoted.

5) For on going business between members, monthly statements should be provided by the creditor.

6) For all ongoing AON business requiring offsets, unless otherwise agreed, both parties should provide statements for settlement by the 10th of each month.

7) Any amounts that pass the 60 day overdue mark should be reported to the AON Coordinator.

8) When an AON member supports a policy that a credit application is a requirement to do business, this should be clearly stated in quotations to all other AON members. Otherwise this will not be assumed to be a requirement.

9) All transactions between members are to be paid as agreed bi-laterally between members (or multi-laterally should the trade be cross trade arrangements between members). Payment between members for due invoices, debits, or other agreed debts which are incurred by the trade, unless previously agreed between the concerned members, will not ever require or depend upon the actions, payments, or motions of any third or fourth parties (shippers, consignees, customers, or agents otherwise). If a debt with another member was incurred then it shall be duly paid by responsible party ordering the transaction as agreed. Awaiting payment from someone else is not an excuse for non-payment to another member unless these were the terms prior to the trade.