The Commercial Invoice

The Commercial Invoice

Not just a mechanism for payment

SMEs run the risk of having their export goods to the EU stopped at the border from 1st January 2021 if they have not completed the new paperwork correctly.

Freight forwarders will need additional information

Freight forwarders and intermediaries will need additional information from you before they can complete customs declarations on your behalf.

Your cargo may not be collected

You run the risk of not having your cargo collected by your freight forwarder if you cannot provide them with a Commercial Invoice.

Linda takes you through all of the items that need to appear on the completed invoice such as Commodity Codes, Incoterms and Rules of Origin. What are they? Find out by watching the programme.

:The Commercial Invoice: 

• The Commercial Invoice – not just a mechanism for payment
• Why it is the trader’s responsibility to provide a Commercial Invoice and not the freight forwarders.
• Why the Commercial Invoice plays a unique role for customs declarations
• Commodity Codes – What they are and the cost of getting them wrong
• What Incoterms are and how they define delivery and risk
• What Rules of Origin are and why they are important

Key learnings:

• Use of accurate Commodity Codes and how to find and apply them
• How to avoid costly mistakes when negotiating Incoterms
• How to apply Rules of Origin to your product
• How to obtain a Certificate of Origin