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Commercial invoice

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It is a bill for the goods from the seller to the buyer.

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Commercial invoice

  2. 2. INTRODUCTION  A commercial invoice is a bill for the goods from the seller to the buyer.  A Commercial Invoice is a document used in foreign trade.  It is used as a customs declaration provided by Supplier/Shipper.  It is prepared by the exporter and is required by the foreign buyer to prove ownership and arrange for payment.
  3. 3. A commercial invoice includes,  Date ,shipment terms and payment terms.  Quantity, weight and/or volume of the shipment.  Type of packaging.  Complete description of goods.  Unit value and total value.  Country of origin and Destination place.  Insurance, shipping and other charges as applicable.
  4. 4. Certification and/or Legalization of Commercial Invoice  The certification, which usually is performed by the local chamber of commerce of the exporting country, is to conform that the invoice.  The legalization ,which is done by the consulate or the commercial section of the Embassy of the importing country, is to verify that the invoice is correct.  The certification and legalization are most often satisfied with a stamp or a seal on the invoice.
  5. 5. Corrections or changes in the commercial invoice  Any visible corrections or changes made in the commercial invoice must be initialed. In practice, the initial usually is done using a rubber stamp bearing the word “CORRECTION”.
  6. 6. Difference Between a Commercial Invoice and a Shipping Invoice Shipping Invoice  A shipping invoice is a general accounting of items sent from one individual or company to another.  Standard information includes the name and location of the person or organization sending the goods as well as the name and location of the receiving party.  An itemized list of the goods, including the cost of each item, the number of each item and the total cost of the items is also included.  The total charges to the recipient, including applicable tax and discounts, is also included.
  7. 7. Commercial Invoice  The commercial invoices are used in international shipping, summary information is considerably more detailed than that of a standard shipping invoice.  A commercial invoice includes specifics regarding the date and terms of sale; the quantity, weight or volume of items in the shipment; a description of the goods; a description of the packaging; per-unit value as well as total value; and insurance cost and shipping charges.
  8. 8. CONCLUSION  A commercial invoice is a bill for the goods from the seller to the buyer.  A commercial invoice includes specifics.  Signature and/or stamp.  Description of Goods.  Marks and Number.  Quantity.