Commercial Invoice For Shipping Template for Singapore

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Key Requirements PROMPT example:

Commercial Invoice For Shipping

"I need a Commercial Invoice For Shipping for exporting electronic components from Singapore to Germany, with payment via letter of credit and special handling instructions for sensitive electronic equipment, to be shipped in March 2025."

Document background
The Commercial Invoice For Shipping is a fundamental document in international trade, required for all commercial shipments entering or leaving Singapore. It serves multiple purposes: as a customs declaration, proof of sale, and certificate of origin. This document must comply with Singapore's Customs Act and relevant trade regulations, including proper declaration of GST where applicable. It includes essential information such as seller and buyer details, precise description of goods, HS codes, quantity, unit price, total value, and shipping terms. The document is crucial for customs valuation, duty assessment, and statistical purposes.
Suggested Sections

1. Invoice Header: Company details, invoice number, date, and reference numbers

2. Buyer/Consignee Information: Complete name and address of the buyer

3. Seller/Shipper Information: Complete name and address of the seller

4. Shipment Details: Mode of transport, vessel name, port of loading/discharge

5. Goods Description: Detailed description of goods, including HS codes

6. Pricing Information: Unit price, quantity, total value, currency

Optional Sections

1. Payment Terms: Section detailing specific payment arrangements when they differ from standard terms

2. Letter of Credit Details: Section containing L/C number and issuing bank details when payment is by Letter of Credit

3. Special Instructions: Section for specific handling or shipping instructions when goods require special handling

Suggested Schedules

1. Packing List: Detailed list of packed items with weights and dimensions

2. Certificate of Origin: Document certifying country of manufacture

3. Insurance Certificate: Documentation of insurance coverage when arranged by shipper

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Industries

Sale of Goods Act (Chapter 393): Primary Singapore legislation governing the sale of goods, defining rights and obligations of buyers and sellers in commercial transactions

Contracts Act (Chapter 53): Fundamental law governing contract formation and enforcement in Singapore, essential for commercial invoice validity

Electronic Transactions Act (Chapter 88): Legislation governing electronic commerce and digital signatures in Singapore, relevant for electronic invoicing

Goods and Services Tax Act (Chapter 117A): Law governing GST implementation and compliance for commercial transactions in Singapore

Customs Act (Chapter 70): Key legislation governing import/export procedures and customs requirements in Singapore

Regulation of Imports and Exports Act: Controls and regulates the import and export of goods in Singapore, including documentation requirements

Strategic Goods (Control) Act: Regulates the transfer and brokering of strategic goods, including documentation requirements for controlled items

Maritime and Port Authority of Singapore Act: Regulates maritime and port operations, affecting shipping documentation requirements

Carriage of Goods by Sea Act: Governs rights and liabilities in sea transport, crucial for international shipping documentation

Bills of Lading Act: Regulates bills of lading and other shipping documents in maritime trade

UCP 600: Uniform Customs and Practice for Documentary Credits - International rules for trade documentation and letters of credit

Incoterms 2020: International Commercial Terms defining responsibilities and costs in international shipping

WTO Valuation Agreement: International standards for customs valuation of goods, affecting invoice requirements

TradeNet Requirements: Singapore's national single window for trade declaration, specific documentation requirements for electronic submissions

HS Code Requirements: Harmonized System codes classification requirements for goods in international trade documentation

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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