Titles of Invoices: Commercial Invoice, Tax Invoice, Proforma Invoice

Invoice titles could create confusion among exporters and importers in some occasions. 

The biggest problem in regards to titles of invoices occurs when the payment term is letter of credit.

"Invoice" and "commercial invoice" are the main titles of invoices in circulation in international trade. 

Tax invoice and proforma invoice are another two common invoice titles.

Today I would like to explain the differences between various invoice titles.