The main objective of a commercial invoice is to streamline the transportation of goods across international boundaries. It plays a crucial role as an essential document for customs authorities, shipping agents, and financial institutions engaged in the transaction.
What must be included in a Commercial Invoice?
- Country of manufacture or origin (where the products were made).
- Full name and address of the manufacturer or supplier.
- Full name and address of the company or individual purchasing the goods.
- Full name and address of the person or company receiving the goods.
- Quantity of units for each product.
- Unit value for each product.
- A complete description of the product that includes: what the product is, what the product is used for, and what the product is made of.