Pro forma invoice
A pro forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. It provides an estimate of the costs, including the price of goods, shipping, and other charges, and outlines the terms of the transaction. Pro forma invoices are used for customs purposes, to secure financing, and to provide a basis for buyer-seller agreements.
Related glossary terms
Commercial Invoice
Commercial invoice is the document used to declare cargo value, parties, and terms for customs. Learn required fields, duties impact, and common mistakes.
Letter of credit (L/C)
Letter of credit (L/C) is a bank-issued guarantee that assures a seller payment once specific shipment and documentation conditions are satisfied by the buyer.
Collect On Delivery (COD)
Collect On Delivery (COD) is a payment term where the consignee pays for goods at delivery. Learn when COD applies in freight and how carriers manage it.
Packing list
Packing list is a shipping document detailing a shipment's contents—item descriptions, quantities, weights, and dimensions—used for customs clearance and…
