West Coast Lumbers Order to Italian Company

What is the order that West Coast Lumbers has written to the Italian company called?

The order that West Coast Lumbers has written to the Italian company is called a proforma invoice. A proforma invoice is a preliminary document that a seller sends to the buyer before the actual shipment of goods. It outlines the details of the transaction, including the products, quantities, prices, and payment terms.

Details of the Proforma Invoice

West Coast Lumbers Contract: West Coast Lumbers, based in Oregon, has contracted with a company in Italy to export 1 ton of lumber. To formalize the transaction, West Coast Lumbers has written an order in the form of a proforma invoice.

Explanation of the Proforma Invoice

A proforma invoice serves as a preliminary document that outlines the terms of the transaction between the seller (West Coast Lumbers) and the buyer (the Italian company). In the proforma invoice, West Coast Lumbers specifies the details of the lumber being exported, such as the quantity, description, and unit price.

Payment Terms in the Proforma Invoice

Additionally, the proforma invoice includes the payment terms, which in this case is a request for the Italian company to pay $20,000 by August 1 prior to the shipping date.