CIF quotation question, how to calculate CIF price?

CIF price is the cost + freight + insurance, the freight should be the sum of domestic freight and foreign freight, if it is a freight forwarder to buy insurance, you can find the freight forwarder to ask **clearly, the general insurance premium is the amount of the goods, know all ** after you can carry out **, of course, remember to count the profits.

20'gp/40'gp/40'HQ (USD) This is a full container**, you have to see how many goods you have to spread out how much per ton**. All I'm giving you is a rough **. It was from Shanghai.

The freight can be determined by the shipping company or freight forwarder, and he will be based on your cargo volume, whether it is FCL or LCL, the expected shipping date, and the shipping company to price, I said that these factors will cause a difference in the first grade.

cif alex=cost + sea freight + insurance + domestic freight and miscellaneous expenses + profit, you can calculate according to this.

Need them to provide the quantity, or how to quote the unit price Your 2000usd should be a 20-foot cabinet, and one in it is also this**, foreign businessmen are not kind, go ask them :)

You divide the sea freight of USD2000 and insurance 100 evenly, and calculate it. Will the CIF price come out soon?

Amount = ..?Okay.

Ask them to give an approximate amount, otherwise how to calculate, or whether your company has a guide price or something, look for previous contracts.

The Chinese translation of the CIF term is cost, insurance and freight(insert named port of destination) according to this term, the constituent factors of the price of the goods include the usual freight from the port of shipment to the agreed port of destination and the agreed insurance premium, so the seller has the same obligations as the CFR terminology, and also handles freight insurance for the buyer. To pay the insurance premium, according to the general international practice, the seller should add 10% of the insurance amount according to the CIF price. If the buyer and the seller do not agree on a specific insurance, the seller only needs to obtain the minimum insurance coverage, if the buyer requests to insure the war insurance, the seller should increase the insurance on the premise that the insurance premium is borne by the buyer, and the seller is late in applying for insurance, if it can do so, it must be insured in the contract currency.

It should be emphasized that although the seller arranges the transportation of the goods and handles the freight insurance, the seller does not undertake the obligation to guarantee the delivery of the goods to the agreed port of destination, because CIF is a term for delivery of shipment, not a term for delivery at the port of destination, that is, CIF is not a "CIF rate".

CIF CIF"Cost, insurance and freight"Delivery is made when it is loaded onto the carrier's vessel at the port of shipment.

CIF usually refers to FOB + Freight + Insurance.

C&F (CFR) is different from CIF, C&F: Cost and Freight, refers to cost + freight, followed by the name of the destination port, that is to say, the freight must be calculated to the destination port, and the responsibility also ends at the loading port.

C&F (CFR) usually refers to FOB + shipping cost. The Seller must pay the freight and costs required to transport the Goods to the named port of destination, but the risk of loss of or damage to the Goods after delivery and any additional costs due to various events shall be transferred from the Seller to the Buyer. However, under CIF conditions, the seller must also take out marine insurance against the risk of loss or damage to the buyer's goods in transit.

Therefore, it is up to the seller to conclude the insurance contract and pay the premium. The buyer should note that CIF terminology only requires the seller to take out the minimum amount of insurance coverage. If the buyer requires a higher level of insurance, it will need to make an explicit agreement with the seller or make additional insurance arrangements on its own.

CIF terminology requires the seller to go through the customs clearance for the export of the goods and the buyer to go through the customs clearance for the import of the goods.

The term applies only to sea and inland waterway transport. CIP terminology should be used when the parties do not have an obligation to load the ship.

The biggest difference between CIF and CIP is that the shipping method is different, CIF is only applicable to sea freight, while CIP is applicable to any mode of transportation. In addition to this wide pei, the two also have the following differences:

1. The place of delivery is different.

The CIP delivery location is more flexible, and can be agreed by both parties according to the different modes of transportation and wisdom; CIF delivery is located at the port of shipment, and you must deliver the goods safely to the port designated by the other party.

2. The time for transferring the risk is different.

CIP risk is transferred when the carrier is in control of the cargo; CIF risk is classified by port ship Pybra broadside.

for the boundary. 3. The responsibilities and expenses borne by the seller are different.

The insurance handled by the CIP seller includes not only water transportation insurance, but also various transportation insurance; The insurance premium for which the CIF seller is responsible is limited to water transportation insurance.

4. The transport documents are different.

CIP is conducive to the inland export business in the local document settlement, CIP involves the usual range of transport documents is greater than CIF, according to the specific mode of transport can be CIF used documents, can also be land waybill, air waybill, multimodal transport documents. After the carrier issues it, the exporter can settle the foreign exchange accordingly.

CIF is the landed cost insurance and freight (cost, insurance and freight) used in international practice. This term is also customarily called"Landing**"According to the general interpretation of international practice, under the conditions, the responsibilities of the buyer and the seller are as follows:

Responsibilities of the seller: 1) Responsible for chartering or booking, loading the goods on the ship and paying the freight to the port of destination within the time limit of the shipping port specified in the contract, and notifying the buyer after loading;

2) Responsible for all costs and risks before the goods are loaded on the ship;

3) Responsible for handling insurance and paying insurance premiums;

4) Responsible for going through export procedures and providing documents issued by the exporting country** or relevant parties; (5) Responsible for providing relevant shipping documents, including formal insurance documents.

Buyer's responsibilities: 1) bear all costs and risks after the goods are loaded on the ship;

2) Accept the relevant shipping documents provided by the seller and pay the price according to the contract;

3) Go through the import procedures for receiving the goods at the port of destination.

Calculation of CIF**:

CIF including commission price = (excluding tax price + domestic freight + domestic miscellaneous charges + sea freight).

1. The price excluding tax = the total price [1 - tax refund rate (1 + VAT rate)].

2. Domestic miscellaneous expenses include: (1) domestic commissions, customs declaration fees, inspection fees and other expenses other than transportation incurred in China; (2) Domestic freight, that is, all freight before shipment.

3. Sea freight refers to the sea transportation cost from loading to unloading.

4. The insurance markup rate is generally 10%, and the excess is generally paid by the buyer.

5. The insurance rate depends on what type of insurance you buy.

6. The profit margin is determined by your company.

7. The commission rate refers to the foreign commission (based on the commission paid to the buyer's client).

8. Remember to divide by the total quantity (although it is multiplied by the total quantity in the formula, it is in the denominator).

Difference Between CIF and FOB:

To put it simply, FOB refers to the ** when the goods arrive at the port of departure. CIF refers to the arrival of goods at the port of destination**.

The difference between CIF and FOB usually refers to the cost of transportation and insurance from the port of origin to the port of destination. The freight can be directly established with the transportation company according to the volume of goods, transportation method, etc.

The premium is calculated according to the insurance rate given by the insurance company, the so-called insurance mark-up, which refers to the increase in the value of the goods you insure, and usually, the insurance company will be required to insure 110% of the CIF price when you apply for insurance. From this, you can see that the formula you give is the formula for calculating FOB** from known data such as CIF valence.

CIF is CIF for CIF (cost) + insurance (insurance) + freight (transportation).

FOB is FOB: Free

onboad

It can be understood as a cost.

So, FOB + Freight + Insurance = CIF.