ANSWERS: 1
  • A pro forma invoice is an important aspect of business transactions involving shipping. It helps convey vital information from the seller to the buyer about the products being shipped.

    Function

    The seller sends a pro forma invoice to the buyer before shipping goods. Exporters use pro forma invoices to answer numerous questions with one simple piece of paper. Importers use pro forma invoices to better understand their potential expenditures.

    Features

    These invoices contain the kind, quality and quantity of goods being shipped as well as their value, dimensions, weight and shipping cost.

    Benefits

    Pro forma invoices are designed to streamline communication between the seller and buyer. They eliminate confusion, speed up transactions and provide a valuable record of communication.

    Uses

    The invoices are used to deliver price quotes for potential buyers, or they can be used for customs purposes when importing goods.

    Fact

    Pro forma is a Latin term meaning "for the sake of form."

    Source:

    BusinessDictionary.com

    Investopedia.com

    ExImConsulting.net

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