The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):
The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):
A pro forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. It generally contains a description of the goods, the price, and other necessary details. Pro forma invoices are commonly used to provide price quotations or to seek financing and should be used to obtain letters of credit or import licenses. Therefore, the correct answer is a pro forma invoice.
B. pro forma invoice
is this not a pro-forma invoice? The commercial invoice is for the account payables dept to process and not a quote is it?
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
Agree with Dpinv, LOC deals with only documents.
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.
pro forma is just for the value.. commercial invoice is for letter of credit
Pro-Forma Invoice is the correct answer.