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Commercial Invoice

Business and Industry Services
From Australia
To United Arab Emirates
794 views / 0 experts
Sep 06, 2019
Who is responsible for creating the CI (Commercial Invoice)?

2 answers

Raymond Y.
May 05, 2020
First, the commercial invoice is one of the most important documents in international trade and ocean freight shipping. As a rule, Shipper creates the Commercial Invoice.It is a legal document between the  exporter  and the  buyer (in this case, the foreign buyer)  that clearly  states the  goods  being sold and the amount  the customer is to pay. A commercial invoice is used to calculate tariffs, international commercial terms (like the Cost in a CIF) and is commonly used for customs purposes. These  documents are often used by governments to determine the true value of goods when assessing customs duties. Governments that use the commercial invoice to control imports will often specify its form, content, number of copies, language to be used and other characteristics. A properly completed and correct commercial invoice for export helps customs authorities quickly decide which taxes and import duties apply to your package. And this prevents delays.
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Sep 06, 2019
I suppose that as a rule the Shipper creates the Commercial Invoice. The document should include accurate and true information. Do not be tempted to devalue products, or guess any of the information; The shippers full business name and address including country. Product code, description, serial number, quantity, and value in sale currency. HS code and / or ECCN Number - you must ensure these are correct. Weights & dimensions of the package(s). Full business name, address, contact name, number and email address for the consignee. Information about Lithium batteries if applicable. If you require help creating you Commercial Invoice, or would like us to check your current template then please do let us know and we'd be happy to help. Note that we check CI's prior to the movement of a live job.
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