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Matt from Arc Transportation explains the concept of a commercial invoice, which is essential for international shipments to facilitate customs clearance. Customs agencies require this document to identify the product, its origin, and its monetary value for tax and duty calculations. The responsibility for these charges is determined by Incoterms, with a link to an additional video provided for further explanation. To complete a commercial invoice, essential information includes details about the buyer (the importer) and the seller (the exporter), as the buyer is also referred to as the consignee or importer of record.