March 21, 2023

All about Commercial Invoice

What is a Commercial Invoice?

A commercial invoice is a document used in international trade to provide detailed information about the goods being shipped from the seller to the buyer. It serves as a legally binding record of the transaction and is used for customs clearance, freight forwarding, and for calculating import duties and taxes.

A commercial invoice typically includes the following information:

1. Supplier Information: The name, address, and contact information of the supplier issuing the invoice.

2. Buyer Information: The name, address, and contact information of the buyer receiving the invoice.

3. Invoice Date: The date on which the commercial invoice is issued.

4. Invoice Number: A unique identifier for the commercial invoice, used for tracking and reference purposes.

5. Description of Goods or Services: A detailed description of the goods or services being supplied, including quantity, unit price, and total cost.

6. Terms of Sale: The terms and conditions of the sale, including payment terms, shipping arrangements, and any other relevant information.

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