Bill of Exchange

Bill of Exchange: It is a negotiable instrument. It is an unconditional order, signed by the maker, to pay a certain sum of money, to a certain person, at the given date.

Certified Invoice

Certified Invoice: It is an invoice bearing a signed statement by some one in the importer's country, who have inspected the goods and found them in accordance with those specified in the contract.

Custom Invoice

Custom Invoice: These are specific forms supplied by the consular office of the importer duly filled and signed by the shipper and serve the purpose of making easy entry of the merchandise into the importing country. These invoices are for easy custom clearance.

Consular Invoice

Consular Invoice: This is an invoice issued or certified by the consulate or embassy of the importing country, stationed in the exporting country. This type of invoice is called Legalized Invoice.

Commercial Invoice

Commercial Invoice: When the supplier shipped the goods, he prepares a final invoice, which is called commercial invoice. This has no difinite form but usually commercial invoice includes description of the goods, unit price, name of the buyer and other specification as per credit terms.

Proforma invoice

Proforma Invoice: Proforma invoice is the offer or quatation of the supplier to the buyer. If the buyer accept the offer or quotation, the invoice become the contract between the buyer and the seller. Before opening the L/C, the applicant will submit the proforma invoice to the Issuing Bank as a contract with his supplier.