What is a Commercial Invoice for Export?
When shippers send products overseas they will have to provide buyers with a Commercial Invoice document to clear through customs in the country of import. The commercial invoice provides all important information and instructions for your buyer, freight forwarder, Customs, agents and your bank (if required). It does not show tax as International transactions for export are not subject to local taxes. The Exporter must ensure that all information is clearly stated in a correctly formatted Commercial Invoice to avoid the importer having issues clearing the goods through customs.
Some Exporters create Commercial Invoice documents in broken MS Word or Excel templates which can be missing vital information. If the commercial invoice does not contain all relevant information if can cause delays to your shipment and confusion to your buyer and freight forwarder, resulting in fines, delays and demurrage charges.
Watch this video to learn how shippers create Commercial Invoice documents for export shipments.
What information is included on a Commercial Invoice document?
- Shipper’s details
- Consignee details (buyer)
- Detailed product information
- IncoTerms – Terms of trade
- Port of loading
- Port of discharge
- Commercial product sale value
- Currency sold
See below example of a commercial invoice document form as below.