Pro Forma Invoice
/ˌproʊ ˈfɔːrmə ˈɪnvɔɪs/
Definitions
- (n.) A preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods, outlining the items, quantities, and agreed prices to facilitate customs or financing.
The exporter issued a pro forma invoice to the importer to begin customs clearance procedures.
Forms
- pro forma invoice
- pro forma invoices
Related terms
See also
Commentary
Pro forma invoices are not demand for payment but serve as a formal quote or declaration of transaction terms, often used in international trade for customs and financing documentation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.