![]() Country of origin of the goods: a certificate proving the country of origin may be necessary).Incoterm code: One of 11 international trade rules represented in a 3-digit code that identifies who (exporter or importer) is responsible for the costs of transport, risks associated with a shipment, and other terms with shipment.Description of goods including the number of packages, quantities, net and gross weight, units, and the unit price.Harmonized System (HS) code: A 6-digit HS code used to identify which commodity group the goods fall under and to streamline import duty tariff requirements.On a commercial invoice, the following must be included. The third type of important detail that must be included on a commercial invoice relates to the shipping process of the goods. Details about the shipping of the commercial goods These details must be accurate so that customs can easily work out the required import duties and taxes owed. The following details should be included on a commercial invoice that relates to the international transaction taking place. The details in this section are usually located in the header section if using a standard invoice template as an example. Usually, it's the forwarding or shipping agent. The notify party information (who gets notified once goods arrive at the destination).Both the exporter's/importers' tax IDs or country-specific equivalent.Both the exporter's/importers' names, addresses, emails, and phone numbers.The details of the exporter and importer are only used on a commercial invoice to identify basically who is involved in the transaction. However, you will find three types of required information to be filled in on a commercial invoice. There is no standard format for how a commercial invoice should look. There is one exception to this rule, and that is shipments between European Union (EU) countries do not require a customs declaration or commercial invoice customs legislation to facilitate the free movement of goods. If you want to ship goods between the USA and Hong Kong, or even Hong Kong and Singapore for example, you will always require a commercial invoice to be issued. If you are shipping goods between states in the USA, you are not required to provide a commercial invoice due to free trade agreements or customs legislation that provides the free movement of goods. It helps the customs officials determine how much the customs duties will be. Just like other official invoices, a commercial invoice is used as a request for payment but in international transactions only. It is issued by the exporter or seller to a buyer or importer. ![]() It is crucial for the customs clearance process of goods. □ Tip: Before you dive into the commercial invoice, you might want to learn about the general invoices in our complete guide to invoicesĪ commercial invoice is a document used in the international trade and shipping industry. At the end of this article, we will also share a way to generate an invoice for free within minutes. This article will tell you everything you need to know about the commercial invoice, including what it is, why it is so important, any related documents required, and how the details should be filled out in a commercial invoice that will meet the basic customs requirements. ![]() ![]() One of the most important documents for international shipping is the commercial invoice. When businesses import and export goods internationally, they face requirements and must provide more important documents than they would when shipping goods domestically.
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