Our glossary simplifies common industry terms in freight and logistics into clear, easy-to-understand explanations.
A Commercial Invoice is a formal document issued by an exporter to an importer, recording transaction details, including the name of the goods, quantity, unit price, total price, trade terms, and payment method. It serves not only as a payment method but also as an essential document for customs clearance. Customs calculates import taxes and fees based on the commercial invoice. Discrepancies may result in shipment delays or fines. For exporters, accurately completing a commercial invoice ensures the legitimacy of the transaction and avoids disputes. With the development of cross-border e-commerce, commercial invoices are becoming increasingly digitized, improving customs clearance efficiency and transparency.
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