Commercial Invoice in Import Export Contract
Commercial Invoice is generally issued by the importer,exporter or some relevant non-governmental business organizations. A Commercial Invoice is a bill for the goods from the seller to the buyer. It is one of the most important documents used in international trade. Even if the importer may have opened a Letter of Credit, the exporter will usually not be paid until he presents a Commercial Invoice along with other documents to the bank. The invoice serves as a record of the essential details of a transaction.
An invoice must show the following basic information about the transaction:
- Buyer's order number
- Invoice number and date
- Shipment terms
- Names and addresses of the seller and buyer
- Country from which the shipment is made
- Description of the goods
- Quantity, weight or measurement of the goods
- Unit price
- Total amount payable, including price of goods, freight, insurance and so on
- Rebate or similar incentives
- Signature of the exporter
From Commercial Invoice page to Import Export Contract Terms page
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