Common use of Commercial Invoice Clause in Contracts

Commercial Invoice. Seller shall provide a “Commercial Invoice” for all Products imported to Cirrus, which shall contain the description, value and country of origin of the Product being imported, and the appropriate import classification. The Commercial Invoice shall be signed by the Seller, Seller’s shipper or Seller’s agent as required for Customs entry and shall be prepared in accordance with 141.86 of the U.S. Customs Regulations. Any inaccurate or misleading statement of fact in a required document may result in delays in release, detention of Products, increased review by import specialists or penalties against the importer. Even if the inaccuracy or omission was unintentional, the importer may be required to establish that it exercised due diligence and reasonable care. Seller is responsible for and agrees to indemnify Cirrus for any and all fines, damages, losses, expense, attorney fees, court costs, etc., that result from Seller’s failure to comply with the Commercial Invoice requirements.

Commercial Invoice. Seller shall provide a “Commercial Invoice” for all Products imported to Cirrus, which shall contain the description, value and value, country of origin origin, and import classification, of the Product all Products being imported, and the appropriate import classification. The Commercial Invoice shall be signed by the Seller, Seller’s shipper or Seller’s agent as required for Customs entry and shall be prepared in accordance with 141.86 of the U.S. Customs Regulations. Any inaccurate or misleading statement of fact in a required document may result in delays in release, detention of Products, increased review by import specialists or penalties against the importer. Even if the inaccuracy or omission was unintentional, the importer may be required to establish that it exercised due diligence and reasonable care. Seller is responsible for and agrees to indemnify Cirrus for any and all fines, damages, losses, expenseexpenses, including reasonable attorney fees, court costs, etc., that result from Seller’s failure to comply with the Commercial Invoice requirements.