term long term vendor what is
Meaning of long-term vendor declaration. What is it: over an extended period. A vendor uses a.

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Definition long-term vendor declaration

LONG-TERM VENDOR DECLARATION title: long-term vendor declaration (SD-FT) (SAP Library - Glossary)
LONG-TERM VENDOR DECLARATION category: Foreign Trade (SD-FT)
LONG-TERM VENDOR DECLARATION explained:

Verification of the originating status of a product valid over an extended period.

A vendor uses a vendor declaration to confirm that a product meets all the conditions in a preference agreement regarding the acquisition of originating status. The long-term vendor declaration is only valid if the products are delivered by the same vendor and the manufacturing conditions do not change.

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