Do not overlook to mention the terms of trade or the agreement between the two trading parties. This would include the description, quantity, HS code, unit type, price, and currency. Bill of lading number( Ocean Bill of Lading), Marine cover policy number, Letter of credit, AWB numberĪpart from these components, the commercial invoice must also have the product details. ![]() Names of the loading port, discharge port, and destination.Types of Containers (Reefer Container, TEU, Insulated Containers, etc).Type of shipment ( FCL, LCL, breakbulk, etc).Mode of dispatch (whether by road, rail, air, or sea).Buyer’s details if they are not essentially a consignee.Importer’s company name, address, and contact details.Exporter’s company name, address, and contact number.Hence, the exporter must take care to provide all the information in the correct format so that the importer does not face any trouble at the customs.Īny commercial invoice for shipping & export should contain following essential details: Since international commercial invoices do not show tax as international transactions, they may not be subjected to local taxes. The document is to be prepared when the exporter is ready to ship the goods. When is a Commercial Invoice required?Ī commercial invoice is required for any international shipment which carries a commercial value to fulfil all regulations under the export/import country’s customs regulation. So, if an exporter ships airfreight via FedEx or DHL, they must provide a FedEx commercial invoice or a DHL commercial invoice. ![]() It is mandatory for all sea freight, air freight and incoterms shipments. Why is a Commercial Invoice important?Ī commercial invoice is prepared with information regarding the shipment to the buyer, freight forwarder, customs broker, C & F agent, and bank. The buyer/importer can then use this invoice and other shipping documents to clear the shipment at customs in the country of export and import. It is a record that notifies the authorities that the invoice displayed is accurate and duly signed, offering parties with reliable terms. As it is legally legitimate and holds no standard format, the seller (exporter) can issue the document to the buyer (importer) once the goods are shipped. We suggest the fair market value of the product be declared, even if you are receiving the goods free of charge.A commercial invoice is a legal document used for processing agreements in international trade. Note: A declared value for every product imported is required, so a $0 value is not acceptable for Customs purposes.
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