Logistics Terms
What Is a Commercial Invoice in Export/Import?
3 min read
The commercial invoice is the central document in any international shipment. It describes the goods, their value and the terms of sale, and customs authorities use it to assess duties and taxes.
What it should contain
- Seller and buyer details.
- Description, quantity and unit price of the goods.
- Total value and currency.
- Incoterm and named place, plus payment terms.
- HS codes and country of origin where applicable.
Why accuracy matters
Customs values the goods from the commercial invoice, so it must be consistent with the packing list and transport documents. Discrepancies in value, quantity or description are a common cause of clearance queries and delays.