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Glossary Invoice (I/V)

An Invoice(I/V) is a document prepared by an exporter and sent to an importer as a shipment guide, a description of the contents, and an invoice for the shipped goods. For the exporter, it serves as a bill for purchasing price or expenses, and is necessary for payment in foreign exchange. For the importer, it serves as a billing statement and is necessary for customs clearance at the port of import.
Source : National Logistics Information Center of Korea