Ask CIF price Hurry, what is CIF price?

1.In the case of MOQ, the general factory has the cost of the factory to the port and the cost of just in the report of FOB**, that is to say, when there is a FOB Qingdao**, you can roughly ignore the inland freight and port costs;

Note: If you really want to be precise, you can know the details of the cost through the freight forwarder, generally THC, DOC, H1N1, telex (if you need telex), booking fee, customs declaration fee, towing fee, freight forwarding operation fee, etc.; If it is a 40gp, the cost is about 4800 yuan;

2.As for the cost of insurance, it depends on how much you rate, what is the rate? (Generally based on a 10% markup of the CIF amount, the rate can now be roughly estimated at 1.5 thousandths;

3.Bank fees (depending on what payment method you have, if it is t t, there may be a fee of about USD50; If it is a letter of credit, it depends on whether you have any discrepancies; Banks sometimes reflect a fee for each discrepancy);

As above: CIF=FOB+FREIGHT+INSURANCE=FOB+FREIGHT+CIF*

Those miscellaneous expenses need you to find your own freight forwarder**, I don't know the freight you asked, you can report the freight to you, you can also report those miscellaneous expenses; Premiums and bank fees are very small and can be ignored, and you can wait until you get the miscellaneous expenses**, and then make up the fraction to a whole number.

Wow... It's too expensive...

There are about 1-20,000 more.

Don't take this seriously, I don't know.

CIF price is Cost + Insurance + Freight (freight), which is equal to FOB price + insurance + freight.

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.

Fugang Bank has served a large number of foreign traders to collect the problem, CIF is the abbreviation of ** term: cost + insurance + freight, (designated port of destination, its original text 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 and the agreed insurance premium from the port of shipment to the agreed port of destination, so the seller, in addition to the same obligations as the CFR terminology, must also apply for freight insurance for the buyer, 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 additional war insurance, the seller shall be insured on the premise that the insurance premium is borne by the buyer, and when the seller can do so, it must be insured in the contract currency.

CIF calculation formula:

CIF total price = (FOB unit price * quantity + total shipping and other miscellaneous charges) [1 - (1 + insurance markup) * insurance rate].

Note: The total shipping cost and other miscellaneous expenses, you can calculate the freight and other non-refundable expenses in this item, such as profits, etc., but it should be noted that it must be converted into US dollars, and exchange rate fluctuations will also affect the final **.

The conversion is as follows: CIF** = CFR** + insurance premium = FOB price + freight + insurance premium.

Among them, the insurance premium = the insured amount * the insurance rate.

Whereas. Sum Insured = CIF Price * (1 + Surcharge).

According to the above formulas, you can convert it yourself, and the difference between the two formulas you give is that the calculation method of the insurance amount is different.

You just have to remember how to calculate.

Supplement: Generally, it is calculated according to the following formula, and it is customary to take 10% of the insurance markup, that is, the insurance amount is 110% of the CIF price

Hello lz. CIF price = value of goods + sea freight (miscellaneous expenses) + insurance premium.

It should be spread the freight into the unit price of the goods, the boss is black-hearted, he doesn't care what the CIF price, the higher the better.

There is also the insurance cost, which is the sum of the cost, plus the insurance premium, and the freight.

Insurance and freight are not a lot of them, you can ask the freight forwarder.

C&F ** Includes cost and freight, the full name in English is cost and freight. It means that the seller must pay the expenses and freight costs of transporting the goods to the designated port of destination, but the risk, loss or damage to the goods and the additional expenses incurred after the accident occurs after the goods are delivered to the deck of the ship, and the goods cross the side of the ship at the named port.

After that, it is up to the seller to the buyer to bear the burden and the seller will also be required to go through the export customs clearance procedures for the goods. CIF** includes cost, insurance and freight, and the full name in English is cost, insurance and freight. Refers to the seller in addition to the burden associated with "cost plus freight."

In addition to the obligation to use the same terminology, the seller must also take out marine insurance for loss of or damage to the goods at the buyer's expense and pay the premiums for the goods during the carriage.

Chinese insurance companies

1. Chinese Life: Chinese Life Insurance Company.

It is the largest life insurance company in China, its headquarters is located in Beijing, and it is one of the world's top 500 companies.

After many years of development, Chinese life insurance company, the company's business has involved life insurance, pension insurance, health insurance and property insurance and other fields. In 2019, the premium income of Chinese Shouyuan Insurance was as high as 10,000 yuan. 2. Ping An Life.

Ping An Insurance Company of China.

Ping An of China, headquartered in Shenzhen, has formed a financial service group integrating insurance, banking, investment and other financial services after years of development. 3. Pacific Life. Headquartered in Shanghai, Pacific Life Insurance Company provides investment and wealth management including life insurance and property insurance.

and asset management services. 4. Chinese People's Insurance Company.

Chinese Insurance Company is a leading financial enterprise, is a comprehensive insurance company, the company's business scope involves life insurance, property insurance and health insurance and other fields. 5. Anbang Life Insurance. Anbang Life Insurance Co., Ltd. is a national life insurance company established in 2010, Anbang Life's main business scope involves life insurance, health insurance and accident insurance, and the premium income of Anbang Life's original insurance in 2019 was as high as 10,000 yuan.

CIF**) landed **: Chinese means cost plus insurance plus freight. (Specified Purpose Port) means that the seller completes delivery of the goods when they cross the side of the ship at the port of loading (actually in the hold of the ship).

The seller shall pay the freight and insurance premiums of the goods from the port of shipment to the port of destination, but the risk of damage and loss of the goods after loading on board the ship shall be borne by the buyer.

Key points of landing**:

Applicable mode of transport: sea and inland waterway transport, ** country (seaport or river port where the goods finally arrive). Key points: The risk point and delivery point are on the ship at the port of departure, and the cost is divided into the port ship at the port of destination.

For a long time, people have been accustomed to refer to the FOB condition in the international ** as FOB**, and thus also refer to the CIF as the CIF price that includes freight and insurance in the term.

Even in some regular ** articles, such statements appear from time to time. For example, when talking about the competitiveness of Chinese soybeans in the international market, it is often reported that the FOB price of Chinese soybeans is higher than the "CIF price" (CIF) of imported genetically modified soybeans from abroad.

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.