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Everything You Need to Know About Commercial Invoice

When companies do foreign trades, they should have a commercial invoice which is a customs document. It can be used as a customs declaration provided by the seller or the company for the items or products they are sending across international borders.

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Everything You Need to Know About Commercial Invoice

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  1. Everything You Need to Know About Commercial Invoice

  2. What Is A Commercial Invoice? • Commercial invoice is considered the most essential documents for international trade and ocean freight shipping. • Commercial invoice is a legal document that is issued by the seller or exporter to the buyer or an importer. • Invoice serves as a contract and a proof of sale between the exporter and an importer. Read More: https://www.mixbit.com/invoicing-guide/how-to-make-a-commercial-invoice/

  3. Commercial Invoice Include Following Details • Invoice number • Invoice date • Order number • Total sale amount • Currency • Payment instructions • Bill of Lading number • HS code • Description of goods (no. of packages, units, weight, etc.) • Incoterm under which the goods has been sold • Origin of merchandise • Insurance details • Date of exportation, means of transport, and the destination • Shipper’s signature Read More: https://www.mixbit.com/invoicing-guide/how-to-make-a-commercial-invoice/

  4. How to Make a Commercial Invoice? • Small businesses that ship goods in the international market are supposed to have commercial invoices for customs purposes. • A commercial invoice also servers as a bill by including all the essential information for the customers to pay for the goods they have ordered. Read More: https://www.mixbit.com/invoicing-guide/how-to-make-a-commercial-invoice/

  5. Important Steps To Follow By Businesses • Download a commercial invoice template • Add seller details • Add buyer details • Generate an invoice number • Add a customer reference number • Add the terms of sale • Add the terms of payment • Identify the currency • Add shipment method • Add the quantity • Description of the items • Provide the unit of measure • List the price and value • Record package marks Read More: https://www.mixbit.com/invoicing-guide/how-to-make-a-commercial-invoice/

  6. About Us Who We Are: MixBit is a knowledge-sharing platform for invoicing software, invoicing challenges, and invoicing resources. Website Link: https://www.mixbit.com/ Blog URL:https://www.mixbit.com/blog/ Social Media: • Facebook: https://www.facebook.com/MixBit-106119780991598/ • Twitter: https://twitter.com/MyMixbit • Linked In: https://www.linkedin.com/company/mixbit/about/ • Youtube: https://www.youtube.com/channel/UC_Kj1FB-7IQsMwvD5RMZQPw/about

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