What is Commercial Invoice?
Commercial Invoice A primary trade document issued by the seller to the buyer, itemizing goods, values, and terms for customs clearance, VAT calculation, and international payment settlement in global logistics.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Commercial Invoice” Used in Practice?
The customs authorities required the commercial invoice to verify the declared value and the country of origin for import clearance.
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Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Commercial Invoice?
A primary trade document issued by the seller to the buyer, itemizing goods, values, and terms for customs clearance, VAT calculation, and international payment settlement in global logistics.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Commercial Invoice and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
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