Lets continue with the “real stuff”. 

We already got out of the way the Sales Contract and Purchase Order, which are always the initial stages of the deal. What documents come into play next?? 

The next in line are written below, however i´ll give you a Pearl of Advice:: Once the shipment is done, make sure each and every day you ask your supplier to send you a sample copy by email or fax of what is going to be written on the next set of documents. 

Your supplier normally takes between 5-15 days to send the documents to you. You want to make sure early, specially if you are dealing with Letters of Credit ( more about that later ), that all the descriptions, prices, and details are correct before the final original documents are issued. 

Just by doing the above, you can save and save and save so much money and time in unnecessary silly mistakes. Ask any importer, he will tell you the stupid silly mistakes commited. 

Furthermore , you can even change the description early  to save on duties ( more about that later ).  

COMMERCIAL INVOICE: As simple as a normal invoice which in actual practice will contain all the details of the sales contract, plus the shipping date, etc,etc.  

Since it is an invoice from abroad , first of all it will be in USDollars which is the primary currency used for exports from china. Secondly there will be no tax on it since it is an import of goods.  

Locally in your market as you know, if you purchase an item for lets say usd 1, you will have to pay your supplier a price os usd 1+ the local tax,in spain it is 16%, in the uk it is 17.5%. The commercial invoice issued by your supplier will not have the invoice , only the net amount. The duties, taxes,etc you will pay locally in your market ( more on that later )   

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