Commercial Invoice Masterclass

20% of finance professionals are unaware of the cost of invoice fraud to their business


55% of all fraud in the UK is linked to supplier invoice fraud.


So there is no doubt this is a key sheet for you to have.

In this masterclass, we have highlighted:

ESSENTIAL ELEMENTS

Country of Origin:
Description of Goods:
Incoterms:
Invoice Date:
Invoice Number:
Package Marks and Numbers:
Price and Currency:
Seller and Buyer Information:
Shipment Details:
Signature and Declaration:
Terms of Payment:
Total Net and Gross Weights:

FUNCTIONS IN INTERNATIONAL TRADE

Banking and Payments:
Customs Clearance:
Dispute Resolution:
Financial Record-Keeping:
Insurance:
Legal Documentation:
Market Analysis:
Product Pricing Strategy:
Quality Control Documentation:
Regulatory Compliance:
Shipment Tracking:
Supply Chain Management:
Taxation:
Trade Financing:

FRAUD SCENARIOS

Asset Misappropriation
Change of Banking Details Scam
Conflict of Interest
Duplicate Invoices
Expense Reimbursement Fraud
Fake Invoices
Ghost Employees
Internal Fraud
Kickback Schemes
Misdirected Payments
Overcharging
Phishing Invoices
Procurement Fraud
Progress Billing Fraud
Return Fraud
Shell Company Fraud
Supplier Impersonation
Tax Fraud
Unauthorized Discounts
Warranty Fraud

COMMON MISTAKES

Failing to Specify Incoterms
Forgetting to Include Terms of Sale or Payment Terms
Inaccurate Product Descriptions
Incorrect or Incomplete Buyer/Seller Information
Lack of Signature or Date
Mismatched Details with Other Shipping Documents
Missing Country of Origin
Neglecting Legal Requirements or Regulatory Compliance
Omitting Total Value
Wrong Pricing or Currency Information