Contract Invoice

A Contract Invoice is a commercial document issued by the seller to the buyer after shipment in foreign trade, detailing the goods description, quantity, unit price, total amount, trade terms, payment method, etc., in accordance with the sales contract (or letter of credit) terms. It serves as both a payment receipt and an important document for customs declaration, foreign exchange payment, and verification. Usage scenarios include: document presentation under letters of credit, documentary collections, remittances, and customs clearance in the importing country. Precautions: The invoice content must strictly conform to the contract and letter of credit, otherwise payment may be refused; amounts, currencies, and shipping marks must be accurate; if the letter of credit requires a 'Contract Invoice', the invoice title should display this term rather than the ordinary 'Commercial Invoice'. Differences from other terms: A Proforma Invoice is used for quotations or import license applications and has no legal binding force; a Commercial Invoice is a general term, while a Contract Invoice emphasizes issuance based on the contract and sometimes requires the contract number to be stated. In practice, a Contract Invoice often forms a complete set of documents with a packing list, bill of lading, etc.