A commercial invoice is an official document used in international trade transactions. It serves as a mandatory record detailing the goods exchanged between exporter and importer, listing essential information such as product descriptions, quantity, unit pricing, total value, shipping terms, and the country of origin.
Unlike typical invoices used domestically, a commercial invoice provides customs officials with specific details they need to calculate tariffs, duties, taxes, and chances for import compliance. This document serves as a crucial reference during customs clearance, ensuring accuracy and efficiency in international shipping.
Properly prepared commercial invoices prevent shipment delays and compliance issues at international borders. Exporters must clearly indicate product details, exact values, shipment terms (such as "FOB" or "CIF"), and any relevant harmonized system (HS) codes used to classify goods for customs purposes.
In summary, having an accurate commercial invoice is vital for international transactions. It ensures smoother freight solutions, timely deliveries, and helps businesses comply with global trade regulations, minimizing the risk of unexpected duties, fees, and customs clearance hurdles.
