Document background
The Proforma Invoice is a crucial document in both domestic Hong Kong trade and international commerce, serving as a preliminary agreement between buyer and seller before the final transaction. It is typically used when parties need to confirm trade terms, apply for letters of credit, process customs clearance, or arrange advance payments. The document includes detailed product specifications, pricing, delivery terms, and payment conditions, all structured to comply with Hong Kong commercial law and international trade regulations. While not a final invoice, the Proforma Invoice creates certain obligations regarding price quotes and terms, making it an essential tool in commercial negotiations and trade documentation.
