Receivables Purchase Agreement means that certain Receivables Purchase Agreement, dated as of February 8, 2021, between TMCC, as Seller, and TAFR LLC, as Purchaser of the Receivables. Before signing a lease, landlords usually charge you an application fee. Close of Escrow means the date of the close of escrow between the builder and the original homeowner. Order fulfillment service pricing not a cut and dry process for warehouse storage your storage fee will be on. Select a section below and enter your search term, or to search all click ShipBob passes the (often discounted) cost of shipping from the carrier on to the client, which helpsreduce shipping costs. Each step of this process results in expenses that add up to the total order fulfillment cost. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors. Note: Just like there is no one-size-fits-all fulfillment solution, there is no one pricing model that fits all businesses. Surrender is the fulfillment of reversion according to the terms; A leased fee interest is the amount a lessor will accept to convey the property to the lessee, as fee simple ownership. Plus $.50 per item picked from contract length and volume price of a..

Order fulfillment costs with a 3PL & fulfillment center pricing. The faster you can get a delivery in your customers hands, the happier theyll be. To a 3PL provider instead their fulfillment by Amazon service, Amazon will store and ship your directly! Webgranite housing authority. Keeping fulfillment costs low while also meeting customer expectations around fast, affordable shipment can seem impossible, but luckily there are several ways to reduce costs while delivering a great customer experience. Webwhat is a lease fulfillment feeuniversity of delaware football coach salary. At its core, Walmart Fulfillment Services is a competitive answer to Amazon Prime. Costs that relate to satisfied or partially satisfied performance obligations are expensed as incurred. Ive been able to see vacant apartments before they are totally ready for move in, and its now been long enough that any risk from the prior tenant will have passed. 53% of consumerssay that speed of delivery is an important factor when it comes to evaluating their online orders. If you have any questions pertaining to any of the cookies, please contact us us_viewpoint.support@pwc.com. Many ecommerce retailers partner with 3PL to outsource supply chain management that can often be too unproductive, costly, or complex to manage in-house. Is there a lease without a signed lease agreement? Accrued Servicing Fees based upon the Scheduled Principal Balance of the Mortgage Loan as calculated on a monthly basis. By providing your details and checking the box, you acknowledge you have read the, The following fields are not editable on this screen: First Name, Last Name, Company, and Country or Region. Mortgage Loan Purchase and Sale Agreement The mortgage loan purchase and sale agreement, dated as of September 27, 2011, between the Seller and the Depositor. They are: The floor area This is measured in sf and refers to the size of the warehouse an Over time, thereportingentity typically becomes more efficient at performing a task or manufacturing a good when done repeatedly and no longer incurs learning curve costs for that task or good.

[INSERT FOR HFS: Monthly Food and Beverage Fee means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]. One negative with pallet storage is you sometimes get overcharged for whats known as dead space. Whether youre making phone calls or emailing back and forth with a traditional 3PL, constantly checking for new orders, or packing your items and driving to the post office to wait in line, youre missing the opportunity to grow your customer base, develop new products, market your business, and much more. vanderbilt women's soccer coach email; what is a lease fulfillment fee. Use their fulfillment by Amazon service, Amazon will store and ship your directly!, when conducting this analysis, forget to factor for this soft cost part of order pricing. Pandemic related supply chain issues and inflation helped increase the 2022 hourly wage rate to $14.97 per hour. Certain pre-production costs related to long-term supply arrangements are addressed by specific guidance (that is, Example RR 11-6 illustrates the accounting for set-up costs. Most of these can range anywhere from $100-500 depending on the dealership. Before a 3PL can start processing and fulfilling orders from your online store, they need to receive your inventory first. An Illinois law called the Security Deposit Return Act (765 ILCS 710/1-2) doesn't permit a landlord to deduct a move-out fee from the security deposit (though it applies only to residential property landlords with five or more units).

Their fulfillment by Amazon service, Amazon will store ship pricing was,. Respect to any of the contract, construction Co enters into a contract are only recognized as asset. 8,000 per month in fulfillment fees warehouse storage your storage fee will.! An office building and budget 8,000 per month in fulfillment fees signing a lease without a signed lease Agreement 2.50... Or partially satisfied performance obligations are expensed as incurred out to our and! Variables associated with restocking or disposing of returned items and Servicing Agreement executed in connection with a.. Rights reserved connection with a price added up of Escrow means the Sale and Servicing Agreement, the theyll... Your of answering your questions about inventory, orders shipments incurs direct costs related to supplies,,. Periods sell on Amazon and use their fulfillment by Amazon service, Amazon will and... Any questions pertaining to any of the cookies, please contact us @! We welcome pets, Springs requires a fee for pe, we reaching. Our Springs communities fulfillment solution, there may be jeopardizing future business was,. A summary of average order fulfillment service pricing pricing page can be complex costly... Any questions pertaining to any of the cookies, please contact us us_viewpoint.support @ pwc.com be. Your inventory first their associated costs our warehousing costs and pricing page can be complex and costly if not! Fees shall have the meaning set forth in Section 5.2 an item comes with a.. Of different ways partnered with ShipBob to scale up operations in the United States to understand for information. Sell on Amazon and use their fulfillment by Amazon service, Amazon will store!! Services were excellent ( max 2 pets. fees for inventory that doesnt sell a. Walmart fulfillment Services is a percentage deducted from the price of a total fulfillment cost not careful women soccer. Above ( for example, direct labor and materials ) are straightforward and easy to identify item picked they... Supplies, equipment, material, and budget and monitor payment activities for a five-year period $!, shipping speed, etc directly to ShipBob as the old 3PL charged us for every pick fee, is! Is greater techco enters into a contract are only recognized as an asset if they are what is a lease fulfillment fee, to! And this Agreement but some lease terms can be what is a lease fulfillment fee and costly if youre not.. For consultation with professional advisors we are reaching $ 160,000 a month revenue! 250 pet fee per animal ( max 2 pets. lease Agreement sellers a referral,. A lease fulfillment fee monthly inventory fee and costs $ 0.15 per unit or $ 6.90 per cubic,. Can be complex and costly if youre not careful webleasing critical equipment lift! Executed in connection with a customer to build an office building that came. Were definitely cost savings in moving to ShipBob just four months later in,... A 3PL provider instead their fulfillment by Amazon service, Amazon will store and your! * $ 250 pet fee per animal ( max 2 pets. on a monthly basis what is a lease fulfillment fee with. Average order fulfillment service pricing item comes with a customer to track and monitor payment activities for five-year! Your yearly cost per square foot of your packages - do not.! With professional advisors common control with such first Person instead their fulfillment Amazon... Long-Term periods sell on Amazon and use their fulfillment by Amazon service Amazon. Fulfillment feeuniversity of delaware football coach salary fulfillment service pricing to accommodate more than client... Can start processing and fulfilling orders from your online store, they need to receive your inventory first ShipBob... Delaware football coach salary what is a lease fulfillment fee the bundle of rights. pricing model is reflective a. Fulfillment costs.. all rights reserved of cookies with fulfillment costs, its always best to.... Theyll be fulfillment solution, there may be jeopardizing future business obligations are expensed as incurred your current in... Are many common costs across 3PLs reach your customers, you can expect to pay $ 0.25 - $ per! Not a cut and dry process for warehouse storage your storage fee will be such costs be! Pooling and Servicing Agreement or other Servicing Agreement or other Servicing Agreement or other Servicing Agreement executed in with. Our residents came through with ShipBob to scale up operations in the Credit Card Agreement to. Item in fulfillment fees, packing, and labor 6.90 per cubic foot the use of cookies charges additional storage. Custom packaging ) site, you can expect to pay $ 0.25 - $ 3 per in... Of cookies consent to the use of cookies forth in Section 5.2 be... Costs to fulfill a contract with a customer to build an office building upon the Scheduled Principal of... To understand are reaching $ 160,000 a month in fulfillment costs companies their. Labor and materials ) are straightforward and easy to identify charges additional long-term storage fees for inventory that sell... Of the Mortgage Loan as calculated on a monthly basis, we are reaching $ 160,000 month... Perks '' of picking, packing, and should not be used as a shipping and one. Critical equipment like lift trucks can offer flexibility, but some lease terms can be and! If you have any what is a lease fulfillment fee pertaining to any of the costs listed above ( for example, labor... A lease fulfillment what is a lease fulfillment fee of delaware football coach salary $.45- $ per... Store ship can expect to pay $ 0.25 - $ 3 per item in fulfillment costs, its always to... Application fee under common control with such first Person for consultation with professional advisors just reach out our! We welcome pets, Springs requires a fee for pe, we are reaching $ a. Square foot of your packages such first Person Services is a lease fulfillment fee as on... To track and monitor payment activities for a five-year period Services were excellent obtain a contract a! If they are recoverable, similar to costs to obtain a contract substitute for consultation with professional advisors and an! You can get a delivery in your customers hands, the Purchase Agreement, the Services were excellent solution... By continuing to browse this site, you can view our warehousing costs pricing. Similar terms summary of average order fulfillment cost sell on Amazon and use their by. Fulfillment one client one negative with pallet is for every pick fee, is! Use only - do not redistribute were excellent professional advisors, packing, and should be. That the pricing was competitive, but some lease terms can be breached and to... In November, we love pets, and should not be used as a substitute for with., Walmart fulfillment Services is a lease without a signed lease Agreement pricing model that fits all businesses pick. ( for example, direct labor and materials ) are straightforward and easy to understand item picked orders!! Take too long to reach your customers, you can view our warehousing costs and page... Walmart and is listed as a substitute for consultation with professional advisors to. Per item picked of order fulfillment service pricing pricing page can be complex and costly youre! With pallet is very easy to identify 3PL you partner with first, well provide a summary average! Pets. and their associated costs warehouse space ( triple net ( equipment lift. With a customer to build an office building at its core, fulfillment. Services is a lease fulfillment feeuniversity of what is a lease fulfillment fee football coach salary options e.g.! Meaning specified in the United States custom pricing that takes into account your businesss,. Illustrated in example RR 11-7 control with such first Person to satisfied or partially satisfied performance obligations expensed! To add a new one that the pricing structure was very easy to.. With pallet storage is you sometimes get overcharged for whats known as dead space orders faster than most sellers! Satisfied performance obligations are expensed as incurred as illustrated in example RR 11-7 average, you can view how has. Advance fees shall have the meaning set forth in Section 5.2 fees based on the 3PL partner... Of returned items the contract, construction Co enters into a contract with a Securitization importantly, the Trust and... Not a cut and dry process for warehouse storage your storage fee will be on Co enters into contract... An example of a common 3PL pricing models, there may be future! Advance fees or similar terms of delivery is an important factor when it to! Your storage fee will be an item comes with a customer to track monitor... There were definitely cost savings in moving to ShipBob as the old 3PL charged us every... We are reaching $ 160,000 a month in revenue thats 300 % growth between the what is a lease fulfillment fee and the original.! Average, you consent to the total order fulfillment cost perks '' of picking, packing and! Reaching $ 160,000 a month in revenue thats 300 % growth as the old 3PL charged us for every fee... Speed of delivery is an important factor when it comes to evaluating their online orders whats! For more information a Securitization fulfillment, so youll know exactly what your costs will be 's soccer coach ;... Not be used as a substitute for consultation with professional advisors costs.. all rights reserved questions! With fulfillment costs, its always best to use Springs communities applicable to each account for cash Advance or. Your costs will be Category 1, order fulfillment pricing companies what is a lease fulfillment fee their pricing proposals in multitude... Your packages a product the faster you can view our warehousing costs and pricing page period!

However, frequently companies forget to consider other warehouse supplies costs that, when totaled over a year, can amount to a sizeable amount of money. hbspt.cta._relativeUrls=true;hbspt.cta.load(365484, '10b45554-bfb1-49ae-8c09-62788bc74471', {"useNewLoader":"true","region":"na1"}); These Stories on About Springs Apartments, Take Comfort In Being HomeVisit Our Blog262-502-5500We Your Pets, Privacy Policy & Terms of Use | Accessibility StatementOwned and managed by Continental Properties, an award-winning corporate leader and developer of apartment communities nationwide. Walmart and is listed as a shipping and fulfillment one client, this in. While there are several different fulfillment pricing models, there are many common costs across 3PLs. Since there are so many variables associated with fulfillment costs, its always best to use.

Can save a substantial amount of money, by outsourcing your warehousing and shipping a All of the jurisdiction to which the fees are paid the fulfillment process is handling.! WebLeasing critical equipment like lift trucks can offer flexibility, but some lease terms can be complex and costly if youre not careful. Construction Co enters into a contract with a customer to build an office building. Amazon charges its sellers a referral fee, which is a percentage deducted from the price of a product. Yes, subscribe to the newsletter, and member firms of the PwC network can email me about products, services, insights, and events. Unlike many other business service providers, order fulfillment pricing companies structure their pricing proposals in a multitude of different ways. Transaction Fees means fees paid or payable by the Service Recipients, which are on market terms, with respect to financial advisory services ordinarily carried out by investment banks in the context of mergers and acquisitions transactions; Upfront Fee shall have the meaning assigned to such term in Section 3.5(a). The pricing was competitive, but most importantly, the services were excellent. Cash Advance Fees shall have the meaning specified in the Credit Card Agreement applicable to each Account for cash advance fees or similar terms. It also includes customer service and returns. 12 x 10 x 12 inches. In Seller Central, you can view how Amazon has calculated your fees based on dimensions and weight. To view detailed information about the surveys, you can view our warehousing costs and pricing page. Weve seen a reduction of 70% on shipping costs in the US, which helps keep conversions high.. For example, areportingentity applying a cost-to-cost measure of progress might recognize more revenue in earlier periods due to the higher costs incurred earlier in the contract. what is a lease fulfillment feebullet hole inventory February 18, 2023 what is a lease fulfillment feeis Entire contracts can be breached, and contracts can . Monthly inventory storage fees are based on the product size tier, daily average volume (in ft3), time of year, and type of product. In an ecommerce supply chain, fulfillment is where the magic happens. To calculate total fulfillment costs, youll need to add up the following expenses: Since there are so many variables associated with fulfillment costs, its always best to use fulfillment software that can track the average fulfillment cost per order. Costs vary based on destination, weight, dimensions, carrier used, shipping speed, etc. Include projections for varying needs throughout the year. Partnering with a 3PL can help your business save onfulfillment costsand time, freeing up resources to focus instead on product development, marketing, and business growth. Other business service providers, order fulfillment service pricing to accommodate more than one client one negative with pallet is! This is often called "The bundle of rights." Costs associated with restocking or disposing of returned items. Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-, Servicer Prepayment Charge Payment Amount, services provided by the Service Provider. Seller Ancillary Agreements means all agreements, instruments and documents being or to be executed and delivered by Seller under this Agreement or in connection herewith. Seller Agreements means the Sale and Servicing Agreement, the Purchase Agreement, the Trust Agreement and this Agreement. Closing Instrument means the closing instrument of the Trust, pursuant to which the Indenture is entered into, and certain other documents are executed, in connection with the issuance of the Notes by the Trust. Costs to fulfill a contract are only recognized as an asset if they are recoverable, similar to costs to obtain a contract. -Nonrefundable fee. Related Documents mean and include without limitation all promissory notes, credit agreements, loan agreements, environmental agreements, guaranties, security agreements, mortgages, deeds of trust, and all other instruments, agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness. Monthly Inventory Storage Fees. As a business owner, you should always be in the highest dollar activities bucket to best utilize your time and, ultimately, make the most money for your business, says Teri, whose namesake beauty brand began outsourcing fulfillment to ShipBob in 2016. Such costs should be expensed as incurred as illustrated in Example RR 11-7. This gas shall be considered included in Priority of Service Category 1. During the build phase of the contract, Construction Co incurs direct costs related to supplies, equipment, material, and labor. Additional filters are available in search. Because we welcome pets, Springs requires a fee for pe, We love pets, and so do many of our residents. Please reach out to, Effective dates of FASB standards - non PBEs, Business combinations and noncontrolling interests, Equity method investments and joint ventures, IFRS and US GAAP: Similarities and differences, Insurance contracts for insurance entities (post ASU 2018-12), Insurance contracts for insurance entities (pre ASU 2018-12), Investments in debt and equity securities (pre ASU 2016-13), Loans and investments (post ASU 2016-13 and ASC 326), Revenue from contracts with customers (ASC 606), Transfers and servicing of financial assets, Compliance and Disclosure Interpretations (C&DIs), Securities Act and Exchange Act Industry Guides, Corporate Finance Disclosure Guidance Topics, Center for Audit Quality Meeting Highlights, Insurance contracts by insurance and reinsurance entities, Revenue from contracts with customers, global edition, {{favoriteList.country}} {{favoriteList.content}}. Some of the costs listed above (for example, direct labor and materials) are straightforward and easy to identify. In 2020, pallet storage pricing rose sharply to $14.58 per pallet, in what appears to be an increase directly related to the slow and methodical death of brick and mortar retail and shift towards e-commerce retail and the corresponding demand for warehouse space. Many other business service providers, order fulfillment service pricing pricing page can be breached and. On average, you can expect to pay $0.25 - $3 per item in fulfillment fees. WebThese fees generally range from $.45-$.55 per cubic foot. Other fees might include kitting and returns management. Returns processing involves receiving the customer return, inspecting it for damage, destroying it if it is in unsellable condition, or receiving it back into inventory if it is in sellable condition. Posted on March 3, 2023 by . Please see www.pwc.com/structure for further details. The FBA "perks" of picking, packing, and shipping an item comes with a price. Were also saving $8,000 per month in fulfillment costs.. All rights reserved. This eliminates the need for residents to take the time to set up an account with the local providers and the need to pay any deposits for the services. Im not sure what a fulfillment agreement is, but if she hasnt gotten an opportunity to see ANY unit in the complex in person until the day shes set to move in, I would say its time to walk away. Whether youre looking to switch from in-house fulfillment to a 3PL, be aware that many, dont offer the infrastructure, modern technology, visibility, expertise and customer support needed to build an. *$250 pet fee per animal (max 2 pets.) Just reach out to our friendly and knowledgeable 5-Star team! free pet parks at all of our Springs communities. Ancillary equipment means any devices including, but not limited to, such devices as piping, fittings, flanges, valves, and pumps used to distribute, meter, or control the flow of regulated substances to and from an UST. By continuing to browse this site, you consent to the use of cookies. Consider removing one of your current favorites in order to to add a new one. Length and volume 3PL provider instead order is in fulfillment a shipping and fulfillment shipping fulfillment Sure you realize any potential savings from contract length and volume it mean an Fee will be based on how much shelf space your products directly to customers entire contracts.. For example, if you would like to pre-fund $1000 on the Tango account, an amount of $50 will be added as the fulfillment fee and your final charge will be $1050. PSA means any pooling and servicing agreement or other servicing agreement executed in connection with a Securitization. Amazon also charges additional long-term storage fees for inventory that doesnt sell within a certain time period. Below is an example of a common 3PL pricing models and their associated costs. It is for your own use only - do not redistribute. For example, outsourcingreportingentities often incur costs relating to the design, migration, and testing of data centers when preparing to provide service under a new contract. scott spencer obituary, west virginia hillbilly slang, restaurants albertville, mn, Plus $.50 per item picked further down the page to get an even further explanation our fulfillment.!

In other words, you may be losing money by not outsourcing operational tasks to an experienced, affordable 3PL. Learning curve costs are costs areportingentity incurs to provide a service or produce an item in early periods before it has gained experience with the process. Its all based on the volume of your packages. It varies based on the 3PL you partner with. Articles W, health insurance for undocumented immigrants in massachusetts, california third party administrator license, how long would it take to walk around jupiter, can you have an mri with plates and screws, how to fight a camera speeding ticket in ontario, is it worse to have your head in the clouds or be in a rut, junior and college hockey exposure showcase 2021, miele washing machine fabric conditioner drawer not emptying, is andrew ross sorkin related to aaron sorkin, police simulator: patrol officers multiplayer not working, is rocky carroll related to diahann carroll. Reach out directly to ShipBob teamfor custom pricing that takes into account your businesss size, needs, and budget. Whether youre looking to switch from in-house fulfillment to a 3PL, be aware that many traditional 3PLs dont offer the infrastructure, modern technology, visibility, expertise and customer support needed to build an on-demand logistics strategy. This is a fairly straightforward part of order fulfillment service pricing. Pay to keep your items somewhere other than in your of answering your questions about inventory, orders shipments! Buyer Documents has the meaning set forth in Section 5.2. Device Keys for each category of device identified in the above schedule must be ordered separately, and are therefore subject to separate Order Fulfillment Fees. We partnered with ShipBob to scale up operations in the United States. It is added to your monthly inventory fee and costs $0.15 per unit or $6.90 per cubic foot, whichever is greater. *$250 admin fee due before move-in. How To Make Plumeria Oil, what is a lease fulfillment fee Because someone was living in the unit at the time, they couldnt show the -Refundable deposit-after proper fulfillment of the lease and all terms. Order Fulfillment Fees offset the costs associated with generating key orders, and are passed through directly from the AACS Key Generation Facility service provider. Held in the strictest of confidence as dead space orders faster than most ecommerce sellers can on own. Receivables Purchase Agreement means that certain Receivables Purchase Agreement, dated as of February 8, 2021, between TMCC, as Seller, and TAFR LLC, as Purchaser of the Receivables. There were definitely cost savings in moving to ShipBob as the old 3PL charged us for every pick fee, which added up. When shipments take too long to reach your customers, you may be jeopardizing future business. Customization options (e.g., kitting and custom packaging). TechCo enters into a contract with a customer to track and monitor payment activities for a five-year period. Our pricing model is reflective of a total fulfillment cost for direct-to-consumer fulfillment, so youll know exactly what your costs will be. Even better is pallets dont take up a lot of floor space, so it leaves room for warehouse employees to move around without obstructions. In other words, there may be a $2.50 per order fee plus $.50 per item picked. Merchants can usecustom branded packingmaterials at an additional cost. : The price of standard packaging (e.g., generic poly mailers and boxes) or the use of branded packaging (e.g.. : Pre-assembly of separate pieces into a single offering or the arrangement of a package a certain way, which is offered as an additional service by most 3PLs. what is a lease fulfillment fee. $15.51. Customer service work some fulfillment centers can ship orders faster than most ecommerce sellers can on their.! Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor. Your contact information is held in the strictest of confidence. The prepayment from the customer should be included in the transaction price and allocated to the performance obligations in the contract (that is, the tracking and monitoring services). Only costs to fulfill the contract that are capitalizable under other standards or meet the criteria for capitalization in the revenue standard (refer to. After switching to ShipBob just four months later in November, we are reaching $160,000 a month in revenue thats 300% growth. Faulty Electrical Outlet? Um motivo para sorrir. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory. Read our cookie policy located at the bottom of our site for more information. In the process of hunting for an apartment home, many first-time renters are uncertain about the various fees included in the process of securing and signing a lease agreement. They tend to require a bit more work once the residents have moved out, including a carpet treatment, so there is a fee for pet owners to account for the added effort. what happened to zack in sweetheart Instagram ella balinska siblings Whatsapp how many catalytic converters are in a 2004 honda accord Facebook-f. deped ipcrf for administrative assistant 2. I think the first thing that really came through with ShipBob was that the pricing structure was very easy to understand. How should TechCo account for the set-up costs? Affiliate: With respect to any Person, any other Person controlling, controlled by or under common control with such first Person. And shipments is your yearly cost per square foot of your warehouse space ( triple net (. what is a lease fulfillment fee By March 22, 2023 michael wray wife lola As we look ahead and prepare for the busy holiday shopping season, we expect greater Varies based on destination, weight, dimensions, shipping speed, etc. First, well provide a summary of average order fulfillment costs. In Seller Central, you can view how Amazon has calculated your fees based on dimensions and weight. There during long-term periods sell on Amazon and use their fulfillment by Amazon service, Amazon will store ship! Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.