![]() ![]() In case of a dispute that may arise between exporter/importer or the customs office, terms of the packing list will be invoked. However, its function is more logistical. The two documents entail similar information but differ in purpose.Ī packing list mostly contains a description of the goods being traded and can contain information relevant to the commercial invoice meaning. You must also take care to remove any discrepancies between the information stated in the invoice and that which goes on the packing list. This information is missing in a commercial invoice. This document contains important information such as the ownership of the goods and the title to them. ![]() A bill of lading (B/L) is a contractual document that’s passed between traders importing or exporting with sea or air freight. What Is The Difference Between A Commercial Invoice And A Bill Of Ladingĭon’t confuse this invoice with a bill of lading. ![]() This can have unforeseeable legal ramifications. When you report incorrect information, it can lead to the underpayment of the tax and duties. This is also important for customs declaration purposes. Failing to supply accurate information can result in extended costs due to shipping delays and hold-ups at the customs office. When you dispatch this invoice, you’re bound by law to fill in all necessary details to the best of your knowledge. What Happens If A Commercial Invoice Isn’t Filled In Correctly?
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