What is the difference between shipping invoice and commercial invoice?

What is the difference between shipping invoice and commercial invoice?

A shipping invoice moves the product along to destination, while a commercial invoice allows the manufacturer to bill the customer for the product.

What is the purpose of shipping invoice?

A shipping invoice is a document used by sellers to provide the details of products and services being shipped to a purchaser. It is also known as a bill of lading; it is a legal document provided by the seller to send a shipment overseas.

What is the purpose of the bill of lading?

Original Bill of Lading: The Bill of Lading is the primary document used in sea transport. It functions as a contract of carriage, transport goods receipt and a document of title affording ownership.

Are bills of lading required?

The bill of lading is a required document to move a freight shipment. The bill of lading (BOL) works as a receipt of freight services, a contract between a freight carrier and shipper and a document of title.

What is a commercial invoice vs bill of lading?

A bill of lading is an official contract between the seller and the shipping company containing details of goods sold, quantity, and the recipient’s address. A commercial invoice plays a vital role in determining the correct value of imported goods. It also helps to assess the number of duties and taxes.

Can an invoice be used as a commercial invoice?

The definitive invoice for payment usually has only the words “invoice”. This invoice can also be used as a commercial invoice if additional information is disclosed.