while all the usual methods can be used, importers tend to avoid letters of credit and often prefer to pay on a proforma invoice basis before moving to credit terms.
What does PI stand for?
PI stands for Proforma Invoice
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of PI
We have 126 other meanings of PI in our Acronym Attic
- Product Integration
- Product Integrity
- Production Insurance
- Productivity Increase
- Productivity Index (oil and gas well performance)
- Professional Indemnity (insurance coverage)
- Professional Informant
- Profil Infirmier
- Profitability Index
- Profitabilty Improvement
Samples in periodicals archive:
PROFORMA INVOICE In some developing countries it is necessary for the importer to obtain a proforma invoice from his supplier before the order is confirmed.
Document errors often result from over-reliance on the new computer programs that print out a Proforma Invoice for each tea shipment.