Calculate CIF Price

CIF (Cost, Insurance and Freight) means that the seller has the same obligations as under CFR but with the addition that he has to procure marine insurance against the buyer s risk of loss of or damage to the goods during the carriage. The seller contracts for insurance and pays the insurance premium.  The following CIF price calculation is based on the following formula:

CIF Price Formula
CIF=
MPN + ( MPE + MPE x R ) + MO + ENV + EMB + FI + SI + CER + GA + GFB + OG - DWx (1 -IG)
1- ( CDA + GB + CA + IP + ( DE /( 1 + DE )) + ( U / (1 - IG ))) + R x (1 - IG )
+ FIn + S
 
 
Currency Values
 
Values ??in Percentage

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