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Pre-shipment inspection (PSI)

An inspection of contract goods prior to shipment so as to ascertain their quality, quantity or price. Importers may insist on PSI, requiring the exporter to furnish a certificate of inspection – commonly issued by neutral, internationally respected firms such…

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Proforma invoice

A sample invoice provided by an exporter prior to a sale or shipment or merchandise, informing the buyer of the price, kinds and quantities of goods to be sent, and important specifications (weight, size, and similar characteristics). The proforma invoice…

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Proof of delivery (POD)

A document required from the carrier or driver for proper payment. POD includes the time of delivery, full delivery address, and the name and signature of the person who accepted the shipment. 

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