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:
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Dear Sir/Mam,
Good Morning.
Actually I want fitness products purchased from Chaina to India . (Nhavasheva to Mumbai Port).
How to calculate FOB to CIF
My Purchasing Amount in FOB US$19,980.00 How to in CIF .
Plz. Suggest
Regards
Rajendra
+919822756663 WhatsApp
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Dear,
I dont know how to calculate the CIF value, could you please help on this issue.
GOODS VALUE : USD130,817.50
Unit price : USD0.0355/W x 550W = USD195.25/PC
OCEAN FREIGHT : USD4550 / 40HQ container
Thanks very much !
i am waiting to your reply soon.
Best regards,
Kitty Lam
Total $: 58046
Suppose we have the following insurance clauses specified in a sales contract, insurance to be effected by the seller 110% of invoice value against all risks and war risk and struck risks, as per ocean marine cargo clauses of PICC dated 1/1/1981. The premium rate of all risks is calculated at 0.3% and the premium rate of war risks and strike risks is calculated at 0.15% amd 0.1% the sales contract is on CIF basis and the invoice value USD 20.000
I dont understand how to calculate a CIF price, because I dont know all parameters.
Would you help?
I have FCA price 150 EUR/m3.
How this price can be different for different companies?
Regards,
Kristina
I want to export glass scrap of 1000 Tons
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