Commercial Invoice

Tags: Glossary

A document that provides details about the goods being shipped.

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What is a Commercial Invoice?

A commercial invoice is a document used in shipping that serves as a formal record of a commercial transaction between a buyer and seller. It provides a detailed description of the goods being sold, including their quantity, unit price, and total value. The commercial invoice is used by the exporter to bill the buyer for the goods, and it is also used by customs officials to assess import duties and taxes. The commercial invoice typically includes information such as the name and address of the buyer and seller, the payment terms, the delivery terms, and any other relevant details about the transaction. It is an essential document in international trade and must be accurate and complete to ensure smooth customs clearance and payment processing. 

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