Top 10 Mistakes First-Time Freelancers Make with Cross-Border Transactions

  When it comes to dealing with international trade, one of the most important steps that a business can organize involves generation of a commercial invoice of exportation. It is not that simple bill, it is the most significant document ever to the custom house of the importing nation. An effectively organized invoice may convert a well-organized delivery in time and without costly penalties or loss of the shipment, as well. This step-by-step guide by EximPe is provided in case you have been wondering how one goes along about making a commercial invoice to be used in export. We will always provide you with all the details you require to make a compliant and correct export invoice that would get your goods through without any difficulty. What is a Commercial Invoice for Export? A commercial invoice is an official document issued by the exporter to the importer detailing: Description of goods Quantity and price Shipping details Payment terms Customs officials, banks and freight fo...

  International trade is a world full of the paper work. Two documents that leave exporters and importers baffled in most cases are commercial invoices and proforma invoices; which are part of the essential documents. The two are involved in the exportation processes- but they vary much in what they accomplish, when they do this, and whether they are legal or not. This article from EximPe describes the difference between commercial and proforma invoices, it describes their usage along with a good example of what they should look like. What is a Proforma Invoice? A proforma invoice can be described as Pre-bill of sale or a non-binding quotation sent by the seller to the buyer prior to the goods being shipped. It is neither an invoice of a final payment, but it is a promise to sell the goods at a particular price and on some specified conditions. You can imagine it like a quite detailed estimate or a proposal. The main reason behind establishing it is to provide the buyer with a cle...