PI-Proforma Invoice terms and conditions
Proforma Invoice terms and conditions A proforma invoice is a preliminary invoice that is issued by a seller to a buyer in advance of shipping the goods. It outlines the types and quantities of goods to be sold, as well as their price, and serves as a basis for negotiations and finalizing the sale. The terms and conditions of a proforma invoice typically include: Description of goods: A detailed description of the goods being sold, including their quantity, unit price, and total cost. P ayment terms: The payment terms agreed upon by the buyer and the seller, including the payment method, due date, and any advance payment required. Shipping details: Information on the shipping arrangements, including the estimated shipping date, mode of transportation, and any insurance coverage. Incoterms: The International Commercial Terms define the responsibilities of the buyer and the seller for the transportation and delivery of the goods. Tax information: Any applicable taxes, such as v...