FOB calculation formula? CIF, CNF calculation formula?

A: FOB (FOB), also known as "FOB", is one of the commonly used trade terms in international trade. For the transaction under FOB conditions, the buyer is responsible for sending a ship to receive the goods, and the seller shall load the goods on the ship designated by the buyer at the port of shipment stipulated in the contract and within the specified time limit, and notify the buyer in time. When the goods are loaded on a named vessel at the port of shipment, the risk passes from the seller to the buyer.

For the factory: FOB={{ 1-[ tax refund rate /( 1+ VAT rate)]} * RMB tax-included price}/spot purchase price.

Formula analysis:

FOB price = (RMB tax-included price-tax refund income)/exchange rate

In which: tax refund income = RMB tax-included price * [tax refund rate /( 1+ VAT rate)].

Then:

FOB={ RMB tax-inclusive price-{RMB tax-inclusive price * [tax rebate rate /( 1+ VAT rate)])/exchange rate

FOB={{ 1-[ tax refund rate /( 1+ VAT rate)]} * RMB tax-included price}/exchange rate.

For foreign trade companies:

FOB={{{ 1-[ tax refund rate /( 1+ VAT rate)]} * RMB tax-included purchase price} profit}/spot purchase price.

Or:

FOB={{ 1-[ tax refund rate /( 1+ VAT rate)]} * RMB purchase price includes tax}/[spot purchase price *( 1 profit rate)]

The Chinese translation of the term CIF is called cost, insurance and freight. (Designated port of destination, formerly known as cost, insurance and freight (insert designated port of destination). According to this term, the components of the price of goods include the usual freight from the port of shipment to the agreed port of destination and the agreed insurance premium. Therefore, in addition to the same obligations as CFR terms, the seller should also handle freight insurance for the buyer and pay the insurance premium. According to the general international trade practice, the insured amount of the seller should be 10% of the CIF price. If the buyer and the seller have not agreed on specific risks, the seller only needs to get the minimum amount. If the buyer requests war risk insurance, the seller shall do so at the buyer's expense. When the seller can do so, it must be insured in the contract currency.

CIF USD total price =(FOB USD unit price x quantity+total freight and other miscellaneous fees) /[ 1-( 1+ insurance rate) x insurance rate]

Remarks 1:

FOB={{ 1-[ tax refund rate /( 1+ VAT rate) ]} x RMB tax-included price}/exchange rate.

Formula analysis:

FOB price = (RMB tax-included price-tax refund income)/exchange rate

In which: tax refund income = RMB tax-included price × [tax refund rate /( 1+ VAT rate)].

Then:

FOB={ RMB tax-included price-{RMB tax-included price × [tax refund rate /( 1+ VAT rate)])/exchange rate

FOB={{ 1-[ Tax Refund Rate /( 1+ VAT Rate)] }× RMB tax-included price}/exchange rate.

This scheme only calculates a cost price, that is, only the value of the product is considered, and other expenses such as freight from the factory to the port, port miscellaneous fees and transaction costs are not considered; If you are a foreign trade enterprise, this program does not consider profits.

Note 2:

If you fill in "0" in the column of insurance rate and insurance rate, you will get the total CFR price.

Note 3: Total freight and other miscellaneous expenses

You can calculate the freight and other non-refundable expenses, such as profits, in this project. , but it should be noted that it must be converted into US dollars (please visit the spot foreign exchange rate of RMB in China Industrial and Commercial Bank for the converted exchange rate; If you want to know the foreign exchange rate of other countries' currencies.

Note 4:

About insurance rates and insurance rates

The insurance premium is generally 10%. As for the insurance rate, you can contact the insurance company or freight forwarder. There are some differences according to the area you go to and the types of insurance.

FOB calculator CIF calculator

FOB, CFR and CIF conversion

1.FOB price converted into other prices CFR price =FOB price+foreign freight.

2.CIF price =(FOB price+foreign freight) /( 1- insurance premium × insurance premium rate)

3.CFR price converted into other prices FOB price =CFR price-foreign freight.

4.CIF price =CFR price /( 1- insurance premium × insurance premium rate)

5. Conversion of CIF price into other prices FOB price =CIF price ×( 1- insurance premium × insurance rate)-foreign freight.

6.CFR price =C IF price ×( 1- insurance premium × insurance rate)

Compound nonlinear feedback control of cnf Chinese names.

In international trade, it is customary to use ports and docks as delivery places, so there are three main price terms:

1. China wharf: the term is fob. For example, the delivery from Shanghai port is called FOB Shanghai. In this way, in addition to the value of the goods themselves, you have to add the freight for transporting the goods to the Shanghai terminal, customs declaration and export fees and miscellaneous expenses incurred at the Shanghai terminal, which is the total cost price.

FOB is the most basic price.

Simple formula: fob = price of goods+domestic freight and miscellaneous fees.

Foreign terminal delivery: the term is cnf.

For example, it is called cnfnew york if delivery is agreed at new york Port. In this way, in addition to the fob price, the freight and miscellaneous fees for the goods to be shipped to new york, USA are added.

Simple formula: cnf = fob+ sea freight

13. Deliver goods at foreign docks, and at the same time, buy insurance for the goods to avoid damage on the way: the term is cif, and the agreement for delivery at new york Port is cifnew york. This way is to add a little insurance premium on the basis of cnf price. How much is the insurance premium? It is decided by the insurance company, which varies slightly according to the type of goods and the place of delivery.

Simple formula: cif = fob+ sea freight+insurance premium summary: the three main price terms are fob, cnf and cif respectively. The name of the port should be clearly written after the term. Fob is the most basic, equal to the value of goods plus domestic freight and miscellaneous fees. Add foreign freight to become cnf, and add insurance premium to be cif.