Commercial Invoice
Definition of commercial invoice
A commercial invoice is a key document in international trade that provides detailed information about the goods being shipped. It typically includes:
- Seller's details
- Buyer's details
- Consignee information
- Description of goods (including HS codes)
- Quantity of goods
- Value of goods
- Payment terms
- Shipping terms
- Invoice number and date
Why is a commercial invoice necessary?
A commercial invoice is essential for customs clearance, as it provides authorities with the necessary information to assess duties and taxes.
It also serves as a legal document of sale and facilitates the smooth processing of shipments by offering detailed information about the transaction.
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