Actual freight or 20% of the FOB value of the goods, whichever comes first. 1) In cases where the cost of freight/transport is unknown, the cost shall be calculated as 20% of the FOB value of the products.
The freight and insurance costs must be added to determine the CIF value. Freight is calculated at 20% of the FOB value. This equals USD 200.00. The insurance rate is 1.125 percent - USD 13.00. (rounded off).
Ex-factory price + other costs = FOB value
(b) Other Costs in the FOB value calculation refer to the costs of loading the products onto the ship for export, such as domestic transportation costs, storage and warehousing, port handling, brokerage fees, service charges, and so on.
The assessable value of items imported under the Cost, Insurance, and Freight (CIF) Incoterm is CIF plus the customs handling fee (of one percent). Simply include the cost or invoice value of the products, as well as insurance and freight fees, to get the CIF value.
Import Value = The total amount spent by the home country on goods and services imported from other countries.
Learner's Ratings
4.8
Overall Rating
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Reviews
J
Jay Vyas
5
This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
K
Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
C
chauhan vijay
5
What a course..... thank u so much for this opportunity...
R
Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
A
Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
P
prabhat sharma
5
how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
N
Navghanji Sorabji Thakor
5
Nice
C
Captain Marvel
5
Kunal Dugad Sir ! You nice learn to Import And Export for Free Of Cost - Thanks Kunal Dugad Sir and Learvern Team !
M
Mr Asad
5
our first question is Blance of trade?
its means when you start your international trde to another country so you have a conttact a banl of finance instituions for money to devlope a products this is
M
Mahant Burman
5
Its Very Important For a Person who is Doing a Professional Course Have a depth knowledge and real world experience a part of book's knowledge.
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