Guide | Create and Download a Commercial Invoice Template for Global Trade

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Create and Download a Commercial Invoice template for Global Trade

What is a Commercial Invoice?

A Commercial Invoice is an important trade document that is used in Global Trade and shipping.  When products are shipped Internationally the shipper must provide the Consignee (importer) with a detailed Commercial Invoice template and other shipping documentation.

The template for a Commercial Invoice will contain all important information and instructions for importers, freight forwarders, customs, agents and banks (if required) to use during the import export process.  The Commercial Invoice will contain product and transactional information, HS codes, Incoterm®, details of the exporter & consignee and shipping details such as type of shipment, port of loading and port of discharge.

What is a Commercial Invoice used for?

When products have been shipped Internationally, the Exporter will create a Commercial Invoice template and other shipping documentation and share them to the importer.

The importer will use the Commercial Invoice template, packing lists and other shipping documentation to get the products cleared through customs in the country of import.  It’s important that the template for Commercial Invoice contains all relevant information to avoid importers having any issues or delays when clearing the goods through customs.

A Commercial Invoice must be provided for all seafreight and airfreight shipments.  For example, if you are sending airfreight shipments with FedEx or DHL you will have to provide to FedEx a Commercial Invoice, or provide to DHL a Commercial Invoice.

Note that a Commercial Invoice is issued after the goods have been delivered or shipped (post-shipment).  In some cases, exporters will provide a Proforma Invoice before the goods have been shipped (pre-shipment), then provide a Commercial Invoice post shipment.

Read more about the difference between a Proforma Invoice and Commercial Invoice.

A Breakdown of Information in a Commercial Invoice Template

A Commercial Invoice template used for global trade.

As mentioned above, it’s important that exporters include all information on the Commercial Invoice template to avoid having issues or delays when transporting the goods and when clearing through customs in the country of import.  We’ve split the Commercial Invoice into sections to make it easy to understand where relevant information is required.  Starting at the top left is the details of the Exporter of the goods:

1 – Exporter’s Details

This includes basic company contact information including company name, logo, address, phone numbers and personal contact details.

2 – Consignee & Buyer (if not Consignee)

This includes basic company contact information including company name, address, phone numbers and personal contact details.

3 – Shipping Details

Important shipping and logistics details are included to help the consignee, logistics companies and customs brokers to correctly arrange the transportation, customs clearance and final delivery of goods.  Shipping details include:

  • Method of Dispatch – Road, Rail, Air or Sea Freight
  • Type of shipment – FCL, LCL, Breakbulk or other
  • Country of Origin
  • Country of Final Destination (where the goods are delivered through to final address)
  • Vessel / Aircraft Name
  • Voyage No
  • Port of Loading (POL)
  • Port of Discharge (POD)
  • Final Destination (Country)
  • Marine Cover Policy No (if applicable)
  • Letter of Credit No (if goods are sold under a Letter of Credit)

4 – Reference Numbers & Additional Information

These sections includes reference numbers, dates and additional information:

  • Seller’s Invoice number
  • Date (when invoice is issued)
  • Bill of Lading Number (if known)
  • Buyer reference number (usually the buyer’s Purchase Order number)
  • Additional Reference (if needed)
  • Terms/method of payment (the methods of payment and payment terms, i.e. 30% deposit, 70% balance upon Bill of Lading)
  • Additional details (any packaging, delivery notes or additional details)

5 – Product Details

The exporter will add a detailed list of the products that have been sold.  This includes important information such as:

  • Product Code (unique product reference number)
  • Description of goods (detailed)
  • HS Code (to classify goods through customs clearance)
  • Unit Quantity
  • Unit Type
  • Price (per unit type)
  • Any additional fees or charges (usually mould, setup fees, transport costs or taxes)
  • Incoterm® & Place – The selling term and place agreed between the buyer and seller
  • Currency of transaction

6 – Bank Details

The seller’s detailed bank information.  This usually includes:

Beneficiary Details

  • Beneficiary Business Name
  • Beneficiary Business Address

Payee Bank Details

  • SWIFT Code (Bank ID). Each financial institution in the SWIFT network has a unique SWIFT code that is between 8 and 11 characters. This is known as a SWIFT ID or a bank identifier code (BIC).  You can lookup a SWIFT/BIC Code hereFor example, to make a Bank of America wire transfer, the Bank of America SWIFT code is BOFAUS3N
  • Bank Location (Country)
  • Bank Location (City)
  • Bank Name
  • Intermediary Bank Details (optional).  If the seller uses an Intermediary bank to accept payments, the Intermediary bank details should also be included, i.e. SWIFT Code (Bank ID) Bank Location (Country), Bank Location (City), Bank Name.
  • IBAN – International Bank Account Number

7 – Authorized Signature

To finalize the document, the seller can add their signatory details:

  • Place of issue
  • Date of issue
  • Signatory Company
  • Name of Authorized Signatory
  • Digital Signature (using IncoDocs, sellers can draw or upload their digital signature)
  • Digital Company Stamp (using IncoDocs, sellers can create or upload their digital company stamp or seal)

Read more on how buyers and sellers use IncoDocs to countersign Proforma Invoices, Purchase Orders & Sales Contracts for global trade.

How to Create a Commercial Invoice Document Template for Export

How Exporters use IncoDocs to create and download Commercial Invoices, Packing Lists and other shipping documentation.

Exporters use IncoDocs to connect teams to create and manage shipping documents in 1 place and eliminate manual data re-entry.  Once goods have been shipped, exporters can create and manage their full set of shipping documents in a shared team workspace.  Users eliminate data re-entry by entering data into 1 master screen then have everything instantly sync to all shipping documents required.

Shipping documents include Commercial Invoices, Packing Lists (for FCL, LCL Air or Consolidated shipments), Verified Gross Mass Declarations (VGM), Shipper’s Letter of Instruction (SLI), Forwarding Instructions (FI), Manufacturer’s Declarations and other shipping documentation.

A full set of shipping documents can be duplicated at the click of a button to save even more time and require only minimal data entry for new shipments.

Read more about how exporters use IncoDocs to connect their team to create compliant Commercial Invoices and shipping documentation.

The problem with manually creating a Commercial Invoice template in a Word or Excel format

Some export companies have created templates for Commercial Invoices and other shipping documents using Word or Excel templates.  Usually someone in the company set up a process that requires employees retyping data or copying and pasting between document templates.

Because of this, it creates an unreliable process that is prone to human error. Every time that data is re-entered there is a real risk to your business.  When updates are made to regulations and documentation requirements, team members still create out-dated templates.  One simple error on a Commercial Invoice or shipping document can cause problems such as delays, fines and missed shipments.

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