According to the APICS Dictionary, 16th edition, a pro forma invoice is
a quote provided by a seller/exporter prior to the delivery of products or services, informing the buyer/importer of the price. This document is submitted to customs for valuation purposes.
A pro forma invoice is a quote in an invoice format that may be required by the buyer to apply for an import license, contract for pre-shipment inspection, open a letter of credit or arrange for transfer of hard currency.Feb 1, 2022
Importer- What is a Pro Forma invoice? - CBP Information Centerhttps://help.cbp.gov
Issuing Bank
Typically the documents requested will include a commercial invoice, a transport document such as a bill of lading or airway bill and an insurance document; but there are many others. Letters of credit deal in documents, not goods.
Correct answer Commercial invoice... Apics :The commercial invoice is sent with the shipment unless the payment terms indicate that it should be sent to the importer or the bank involved.
is this not a pro-forma invoice? The commercial invoice is for the account payables dept to process and not a quote is it?
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