Shipping destination, including port information Incoterm applied, such as Delivered Duty Unpaid (DDU) and Delivered Duty Paid, to define responsibilities between the buyer and seller Written declaration of applicable discounts such as those by the World Trade Organisation
#Commercial invoices code#
HS Code to inform customs the type of goods you are shipping to quicken duty and tax calculation Total Freight & Insurance costs since most countries consider Cost, Insurance and Freight (CIF) for customs value tabulation
#Commercial invoices full#
These may include:Įxporter and consignee’s company name, address, contact details, and tax numberīuyer’s full name, address, contact details, and tax number (applicable if different from consignee’s)ĭetailed product information, including manufacturing information, materials used, size and weight, and quantity of units in cartons and/or piecesĭeclared value of goods based on market price and currency Firstly, you will need to provide all the relevant information regarding your shipment, in the English language. There are several things to note when preparing for a commercial invoice. Things to Note When Preparing A Commercial Invoice Used by exporter and consignee as an invoice to outline all items that are bought and soldĬreated for the consignee to transfer funds to the exporter via the bank Used to supporting insurance claims made against the goods provided that the goods are insured Required by the importing country’s authorities for custom clearance Purpose of a Commercial InvoiceĬommercial invoices are used in all situations related to the process of international shipping. Correctly filled commercial invoices help to speed up the process. You are expected to prepare a commercial invoice when you are ready to ship your goods.Ī completed commercial invoice helps custom authorities decide on which taxes, tariffs, or duties are applied to the shipment. It contains shipment details such as country of origin, exporter and importer information, invoice number and date, Harmonised System (HS) code, and payment terms.
What is a Commercial Invoice?Ī commercial invoice is a unique document required by custom clearance if you are exporting goods internationally. Of these, the commercial invoice is one of the most essential documents required for any shipments exported overseas. Some of these documents include air waybills, commercial invoices, bill of lading, among others. As a business owner, you may or may not be aware of the different types of documents that are required when shipping internationally.
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