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In Copper industry you purchase the commodity at a price and fix the market price of Copper as per the LME. What is the name given to the invoice?

The Invoice given by the Copper mine or supplier for you to open LC will be called by this name.  This is a temporary pricing to effect the transactions.  What is the specific name of the Invoice in this case? 

Procurement Price Setting Invoice Processing Copper Invoicing
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Question added by Mohamed Imthiaz , Vice President Finance , Emirates National Copper Factory LLC
Date Posted: 2016/08/03
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Sohail Ahmed Shaik
by Sohail Ahmed Shaik , Procurement Officer , Arabian Towers Projects Contracting Company

 Profoma Invoice  is used confirm the LME and to process the LC. whereas, commercial Invoice is used for final settlement of the order.

Nageswaraiah Mannem Mannem
by Nageswaraiah Mannem Mannem , Assistant , M/s Shalimar Automobiles

MATERIALS PROCURED THROUGH "SPOT BUYING FROM "LME"  IS NORMALLY DONE BY PROFORMA INVOICE BUT "LC" IS A MUST.

LUZVIMINDA MUSA
by LUZVIMINDA MUSA , Accountant , GCDRIVE INDUSTRIAL CORP

Proforma Invoice or Charge Invoice

Dannika Mananquil
by Dannika Mananquil , Admin cum Accounting Assistant cum Receptionist , Abacas International Technical Works LLC

This temporary invoice is called proforma invoice.

Faiza GAFAF
by Faiza GAFAF , Customer service Supervisor , SAFILO MIDDLE EAST

Proforma invoice or Quotation (Fopr the LC is must have a tittle of Proforma invoice) and for offer it may be called Quotation

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