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fedex proforma invoice vs commercial invoice – 20% OFF SALE

A proforma invoice and a commercial invoice are two important documents when it comes to international trade. Each document serves a different purpose and has unique features that are essential to understand, especially when dealing with international transactions.

A proforma invoice is essentially a preliminary invoice that is sent to a buyer prior to the shipment of goods. It outlines the description, quantity, price, and all other details of the goods being purchased. It also serves as an offer to the buyer, who can accept or reject the offer.

A commercial invoice, on the other hand, is a more formal document that is used to record the transaction after the goods have been sent. This document is required by customs in order to clear the shipment. It includes the same information as a proforma invoice but with additional details such as shipping terms, terms of payment, and delivery dates.

The main difference between a proforma invoice and a commercial invoice is that the proforma invoice is used to initiate a transaction while the commercial invoice is used to finalize the transaction. The proforma invoice is not legally binding and does not need to be accepted by the buyer in order for the transaction to take place. However, the commercial invoice is legally binding and must be accepted by the buyer in order for the transaction to be finalized.

The importance of understanding the difference between a proforma invoice and a commercial invoice cannot be overstated. When dealing with international transactions, it is essential to ensure that the correct documents are used in order to ensure a smooth transaction. FedEx is an experienced international shipping company that can help you understand the differences between these two documents and ensure that the transaction is handled properly.

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Frequently Asked Questions

FAQ 1: What is a Proforma Invoice?
Answer: A proforma invoice is a document that is issued by a seller to a buyer prior to the shipment of goods that details the goods and services to be purchased, and the associated costs. It is not a legally binding document and does not represent a true invoice; instead, it is an estimate of the true invoice that will be issued after goods have been shipped.

FAQ 2: What is a Commercial Invoice?
Answer: A commercial invoice is a legal document that is issued by a seller to a buyer for goods and services that have been purchased. It includes detailed information about the goods and services, including a description of the goods, the quantity, the unit price, and the total amount due. The commercial invoice is used for customs purposes and is a legally binding document.

FAQ 3: How do Proforma Invoices and Commercial Invoices differ?
Answer: The main difference between a proforma invoice and a commercial invoice is that a proforma invoice is not a legally binding document and does not represent a true invoice; instead, it is an estimate of the true invoice that will be issued after goods have been shipped. A commercial invoice is a legally binding document that is used for customs purposes and includes detailed information about the goods and services, including a description of the goods, the quantity, the unit price, and the total amount due.

FAQ 4: What is the purpose of a Proforma Invoice?
Answer: The purpose of a proforma invoice is to provide an estimate of the goods and services to be purchased and the associated costs prior to the shipment of goods. It is not a legally binding document.

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FAQ 5: What is the purpose of a Commercial Invoice?
Answer: The purpose of a commercial invoice is to provide a legally binding document that is used for customs purposes and includes detailed information about the goods and services, including a description of the goods, the quantity, the unit price, and the total amount due.