Final Commercial Invoice definition
Final Commercial Invoice means the Final Commercial Invoice that is issued by the Seller after the commodity finally arrives, then the net weight report will be issued and together with the assay results, the LBMA price and all the rest of the expenses are known, then the Final Commercial Invoice would be issued by the Seller, which must be signed by both the Seller and the Buyer in the presence of one of the Buyer’s Bank Officers or any other party that is listed in the SPA;
Final Commercial Invoice has the meaning given in clause 9.7.1;
Examples of Final Commercial Invoice in a sentence
In case any expenses (like security transport, melting or refining, VAT, etc.) that have been paid by the Buyer on behalf of the Seller, including turning the bars to a homogeneous form, all this amount will be deducted from the amount owed as per the Final Commercial Invoice.
Final settlement (‘Final Payment’) shall be made promptly by the owing party when all final details relating to weight, assays and prices become known against the Final Commercial Invoice and Independent Assayer’s assay/weight report.
Final settlement (“Final Payment’) shall be made promptly by the owing party when all final details relating to weight, assays and prices become known against the Final Commercial Invoice and Independent ▇▇▇▇▇▇▇’s assay/weight report.