Legal Templates
Proforma Invoice For International Shipping

Proforma Invoice For International Shipping Template for Singapore

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Key Requirements PROMPT example:

Proforma Invoice For International Shipping

"I need a Proforma Invoice For International Shipping for exporting electronic components from Singapore to Germany, with specific requirements for CE marking compliance and payment via letter of credit, to be delivered by March 2025."

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What is a Proforma Invoice For International Shipping?

The Proforma Invoice For International Shipping is a fundamental document in international trade, particularly within Singapore's robust trading environment. It serves as a commitment from the seller to the buyer, outlining the exact terms of a proposed transaction before the actual shipment occurs. This document is essential for customs clearance, obtaining import licenses, and processing international payments. It contains detailed information about the goods, pricing, shipping terms, and payment conditions, making it crucial for both parties to understand their obligations and expectations. Under Singapore's jurisdiction, this document must comply with various regulations including the Customs Act, GST requirements, and international trade conventions.

What sections should be included in a Proforma Invoice For International Shipping?

1. Seller Information: Complete business details of the exporting company including registered name, address, tax/registration numbers, and contact details

2. Buyer Information: Complete details of the importing company including registered name, address, tax/registration numbers, and contact details

3. Invoice Details: Invoice number, date of issue, and validity period of the proforma invoice

4. Product Description: Detailed itemized list of goods including quantity, unit price, and total amount per item

5. Shipping Terms: INCOTERMS 2020 terms, shipping method, estimated delivery time, and port details

6. Payment Terms: Payment conditions, banking details, and any documentary requirements

7. Total Value: Subtotal, applicable taxes, shipping costs, and total invoice value

8. Declaration: Statement confirming the accuracy of information and compliance with trade regulations

What sections are optional to include in a Proforma Invoice For International Shipping?

1. Country of Origin Declaration: Declaration of where goods were manufactured or produced, used when required by destination customs

2. HS Code Classification: Harmonized System codes for product classification, included when shipping regulated goods

3. Insurance Details: Information about shipping insurance coverage and terms, included when insurance is part of the transaction

4. Special Handling Instructions: Specific requirements for handling, storage, or transportation of goods, included for sensitive or hazardous materials

What schedules should be included in a Proforma Invoice For International Shipping?

1. Packing List: Detailed list of items being shipped including quantities, weights, and dimensions

2. Product Specifications: Technical specifications and details of products being shipped

3. Quality Certificates: Relevant quality certifications, compliance documents, or inspection reports

4. Insurance Certificate: Copy of insurance coverage certificate when applicable

5. Export License: Copies of export permits or licenses for regulated goods

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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alex.den.21@genieai.co
Industries

Sale of Goods Act (SOGA): Primary Singapore legislation governing the sale of goods, defining rights and obligations of buyers and sellers

Electronic Transactions Act: Governs electronic transactions and digital signatures in Singapore, relevant for e-documentation

Customs Act: Regulates customs procedures, duties, and requirements for import/export in Singapore

Goods and Services Tax Act: Governs GST applications, including zero-rating for exports and international services

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and consumer protection in commercial transactions

INCOTERMS 2020: International Commercial Terms defining responsibilities and costs between buyers and sellers in international trade

UN Convention on Contracts for International Sale of Goods (CISG): International treaty governing cross-border sale of goods contracts

Maritime and Port Authority of Singapore Act: Regulates maritime operations and port activities in Singapore

Carriage of Goods by Sea Act: Governs rights and obligations in sea transport of goods

Strategic Goods (Control) Act: Controls the transfer and brokering of strategic goods in international trade

Regulation of Imports and Exports Act: Controls and regulates the import and export of goods in Singapore

Strategic Trade Scheme: Framework for bulk permit requirements for strategic goods transactions

SOLAS Convention: International convention for Safety of Life at Sea, affecting shipping documentation requirements

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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