Industry package
Import & Export
Trade & Customs · Freight & Container · WMS & Supply · Trace & Cold Chain · Finance · Sales & CRM
- 20 full users
- 2 sites
- 30 modules
Free tool
CIF or DDP?
Compare a DDP quote with the total of buying CIF and paying customs duty, VAT, clearance and inland transport yourself. No sign-up needed; results update as you type.
See the system that does this automaticallyOpen the live demoCIF or DDP?: worked example
Example values: CIF quote 53,500 USD, DDP quote 70,000 USD, Customs duty rate 8 %, Import VAT rate 20 %, Import clearance 300 USD, Destination port THC 400 USD, Destination inland transport 600 USD. With these values the results are:
| CIF + your own customs and local charges | 70,636 USD |
|---|---|
| Difference from the DDP quote | -636 USD |
| Result | The supplier’s DDP quote is cheaper |
How to use: CIF or DDP
- Enter your own values: CIF quote, DDP quote, Customs duty rate, Import VAT rate, Import clearance, Destination port THC, Destination inland transport.
- Choose the currency; money inputs are converted at an approximate rate.
- Results are calculated as you type: CIF + your own customs and local charges, Difference from the DDP quote, Result.
- Check every step of the calculation in the formulas below.
How is it calculated?
- CIF + your own customs and local charges = [CIF quote] + [CIF quote] × [Customs duty rate] ÷ 100 + [CIF quote] × (1 + [Customs duty rate] ÷ 100) × [Import VAT rate] ÷ 100 + [Import clearance] + [Destination port THC] + [Destination inland transport]
- Difference from the DDP quote = [DDP quote] − [CIF + your own customs and local charges]
Other tools running on Incoterms Engine
Calculates from one table which costs belong to the seller and which to the buyer under every Incoterm from EXW to DDP.
FCRSOFT
FCRSOFT does this for you automatically
You don’t need to do the calculations and checks on this page by hand every day. FCRSOFT derives them all automatically from the records entered in the field.
- CIF, duties and landed cost are calculated automatically in every trade file.
- Customs value and cost split are set up automatically according to the Incoterm.
- Unit cost and minimum selling price are recorded in every file.
Frequently asked questions
How is CIF or DDP calculated?
Compare a DDP quote with the total of buying CIF and paying customs duty, VAT, clearance and inland transport yourself. The calculation uses Incoterms Engine: Calculates from one table which costs belong to the seller and which to the buyer under every Incoterm from EXW to DDP.
How is Difference from the DDP quote found?
Difference from the DDP quote = [DDP quote] − [CIF + your own customs and local charges]. With the example values (CIF quote 53,500 USD, DDP quote 70,000 USD, Customs duty rate 8 %, Import VAT rate 20 %, Import clearance 300 USD, Destination port THC 400 USD) the result is -636 USD.
Worked example: CIF or DDP?
Example values: CIF quote 53,500 USD, DDP quote 70,000 USD, Customs duty rate 8 %, Import VAT rate 20 %, Import clearance 300 USD, Destination port THC 400 USD. CIF + your own customs and local charges: 70,636 USD; Difference from the DDP quote: -636 USD; Result: The supplier’s DDP quote is cheaper.
Is CIF or DDP free?
Yes. The tool is free, needs no sign-up and runs in your browser; the data you enter is not stored.
Can FCRSOFT do this calculation automatically?
FCRSOFT sets up the customs value and cost split automatically according to the file’s Incoterm. You can try the Import & Export package in the live demo without installing anything.
Which currency can I calculate in?
Choose one of 28 currencies in the currency selector; monetary inputs are converted at an approximate rate. To use your own rate, enter the amounts directly.
FCRSOFT solutions
All inclusive
Enterprise Site — all products
Farm · Hatchery · Feed ERP · Processing · WMS & Supply · Sales & CRM · Finance · Maintenance · Trace & Cold Chain · B2B Commerce · Fleet & Vessel · Voyage & Chartering · Trade & Customs · Freight & Container
- 30 full users
- 1 sites
- 69 modules
