KRS 355.2-310: Open time for payment or running of credit -- Authority to ship under

reservation.

Unless otherwise agreed:

(1) Payment is due at the time and place at which the buyer is to receive the goods even

though the place of shipment is the place of delivery; and

(2) If the seller is authorized to send the goods he may ship them under reservation, and

may tender the documents of title, but the buyer may inspect the goods after their

arrival before payment is due unless such inspection is inconsistent with the terms

of the contract (KRS 355.2-513); and

(3) If delivery is authorized and made by way of documents of title otherwise than by

subsection (2) of this section, then payment is due regardless of where the goods are

to be received:

(a) At the time and p lace at which the buyer is to receive delivery of the tangible

documents; or

(b) At the time the buyer is to receive delivery of the electronic documents and at

the seller's place of business or, if none, the seller's residence; and

(4) Where the seller is required or authorized to ship the goods on credit the credit

period runs from the time of shipment but postdating the invoice or delaying its

dispatch will correspondingly delay the starting of the credit period.