![]() ![]() ![]() Due date or payment terms-for example, payment will be due 30 days from receipt.The information found on a pro forma invoice can vary, but it will generally include the following: It is merely a good-faith effort to outline the goods that the buyer can expect to receive, the price they should expect to pay, and various shipping details as listed below. While a pro forma invoice is intended to set forth the intended details of a transaction, it is not legally binding, nor is it an official request for payment. Pro forma invoices are as important for customs agents as they are for buyers and sellers, allowing customs to determine what duty fees are required based on the goods included in a shipment. Pro forma invoices are often used in international transactions to help shipments pass smoothly through customs and ensure successful transactions without any major hangups. The words ‘pro forma’ come from a Latin phrase meaning 'for the sake of form.' Today, a pro forma invoice may also be referred to as a proforma invoice. What is a pro forma invoice?Ī pro forma invoice is a preliminary bill of sale, sent from a seller to a buyer, that lays out the intended details of a transaction before a shipment or delivery of goods. ![]() This article lays out what a pro forma invoice is, the general information it includes, and the role it plays in commercial transactions. However, there are other ways in which a pro forma invoice is very different from what most people think of as an invoice. In some ways, a pro forma invoice is very much like your typical commercial invoice - it lays out the details of a business transaction. ![]()
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