# How is CIF price calculated?

## How is CIF price calculated?

In order to find CIF value, the freight and insurance cost are to be added. 20% of FOB value is taken as freight. Means USD 200.00. Insurance is calculated as 1.125% – USD 13.00 (rounded off).

## How do you calculate imported goods?

1. Step 1: Convert all foreign currencies into your local currency (taking into account your actual exchange rates that will be secured when making International T/T payments). …
2. Step 2: Add all local import costs and charges from the freight forwarder, in this example \$1500:
3. Step 3 – Calculate Import Duty Charges.

## How do you calculate landed cost factor?

How to calculate total landed cost

1. Landed cost formula:
2. Product + shipping + customs + risk + overhead = landed cost.
3. Landed cost calculation example:
4. Total landed cost = \$20 (product) + \$2 (shipping per item) + \$.40 (duties) + \$10.40 (insurance) + \$2 (processing fee) = \$34.80 per unit.
5. Tools to help calculate:

## How is imported landed cost calculated?

To help you get started, here is a simple formula to use for landed cost calculation: Item Price + Shipping Costs/Freight Costs + Customs Duties + Risk + Overhead = Landed Cost If you’re not dealing in your native currency, you’ll also have to work currency conversion into the equation.

## What does CIF 10% mean?

Q: What does “CIF+10%” mean? A: CIF+10% stands for: C = Cost/invoice value (purchase cost if your client is the buyer, or selling price if they are the seller) I = Insurance premium. F = Freight and associated charges (e.g. customs clearance charges)