Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.
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?
upvoted 2 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
sparkyh
6 months, 3 weeks agoAziz8903
7 months, 4 weeks agojackattack030
1 year, 3 months agoRiyasharon
2 years, 10 months agoDpinv
3 years, 4 months agoalinmar
3 years, 6 months agoalinmar
3 years, 6 months agoAntman2020
3 years, 9 months agoinkie
4 years, 1 month ago