COMMERCIAL INVOICE (“CI”)Ĭommercial invoices list the type of goods delivered by an exporter to an importer, their quality and quantity, their unit and total prices, the name and the address of the seller, the name and the address of the buyer (sold to/ship to/bill to parties), the delivery location (complete with the applicable Incoterms 2010) and, the payment terms (type of payment and payment due date).Ī commercial invoice proves that a sale has happened (for the seller) and that a purchase has been made (for the seller), determines the taxable amount for customs, and creates an account receivable and an account payable in the seller and buyer’s accounting systems respectively. Proforma invoices are issued when the seller requests payment from the buyer before the commencement of the delivery operations. ![]() The proforma invoice (“PI”) is an administrative document, sent by the exporter to the importer prior to the shipment of goods, that states the type and the quantities of the merchandise to be sent, their value, and other commercial and technical data about an upcoming delivery. FINANCIAL DOCUMENTS PROFORMA INVOICE (“PI”) In this article, we review the most common ones and their key features. ![]() An overview of the common documents in the export/import business, divided by type: financial (invoices, insurance policy), transportation (B/L, AWL, CMR), quality assurance (inspection reports) documents. Exporters shall be familiar with the documents that have to prepared to export the goods to a foreign location.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |