Invoice (PI, CI)

The Invoice is issued from the seller to the buyer:

  • Date of Issue
  • Name of Seller
  • Name of Buyer
  • List of products being shipped with quantity, unit price and subtotal
  • Invoiced total
  • Eventual tax or duty to be pre-paid by the seller
  • Freight cost – if not included in the unit price
  • Payment terms, incl. credit period

A Proforma Invoice (PI) is issued prior to the actual shipping of the goods for the purpose of the buyer to acquire the needed credit or payment instrument from the bank or to obtain an estimate or pre-commitment from the customs for the import/export duties to be paid. The Commercial Invoice (CI) is issued when the shipment is ready to ship from the premises of the seller.