Harmonised Tariff Codes are the codes that are used to classify and define internationally traded goods. These details provided by the shipper are used by the importing country’s brokerage department to determine the import duty and the taxes on the goods that form part of the shipping transaction.
Terms of Sale, also known as Incoterms, are the billing terms specified on the commercial invoice. Much like the details mentioned above, you need to specify the contact number of both the shipper as well as the consignee on the commercial invoice. Contact Number of Both Shipper and Consignee It includes the contact name, address with postal code and country, and the tax ID of the shipper as well as the consignee. This section of the Commercial Invoice includes full details of the shipper (seller) and the consignee (buyer). The following items are examples of what needs to be included in a commercial invoice: Complete Name and Address Details of Both the Shipper and Consignee
However, there are certain requirements that a commercial invoice must include, such as specific information about the parties involved in the transaction, the goods being transported, the country of manufacture, Harmonised System Codes for the goods involved, etc. There is no standard format for a commercial invoice.