Before opening a letter of credit, a buyer frequently requests a __________________. This is the exporter's formal quotation, a description of the merchandise, price, delivery time, proposed method of shipment, terms of sale, and ports of exit and entry.
Fill in the blank(s) with the appropriate word(s).
pro forma invoice
Before opening a letter of credit, a buyer frequently requests a pro forma invoice. This is the exporter's formal quotation, a description of the merchandise, price, delivery time, proposed method of shipment, terms of sale, and ports of exit and entry.
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