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
FOB or CIF?
Compare the supplier’s CIF quote with the cost of buying FOB and arranging freight and insurance yourself. No sign-up needed; results update as you type.
See the system that does this automaticallyOpen the live demoFOB or CIF?: worked example
Example values: Supplier’s CIF quote 54,200 USD, Supplier’s FOB quote 50,000 USD, Freight you sourced 2,900 USD, Insurance rate 0.3 %. With these values the results are:
| FOB + your own freight and insurance | 53,075 USD |
|---|---|
| Difference from the CIF quote | 1,125 USD |
| Result | Buying FOB and arranging freight yourself is cheaper |
How to use: FOB or CIF
- Enter your own values: Supplier’s CIF quote, Supplier’s FOB quote, Freight you sourced, Insurance rate.
- Choose the currency; money inputs are converted at an approximate rate.
- Results are calculated as you type: FOB + your own freight and insurance, Difference from the CIF quote, Result.
- Check every step of the calculation in the formulas below.
How is it calculated?
- FOB + your own freight and insurance = ([Supplier’s FOB quote] + [Freight you sourced]) ÷ (1 − 1.1 × [Insurance rate] ÷ 100)
- Difference from the CIF quote = [Supplier’s CIF quote] − [FOB + your own freight and insurance]
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 FOB or CIF calculated?
Compare the supplier’s CIF quote with the cost of buying FOB and arranging freight and insurance 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 CIF quote found?
Difference from the CIF quote = [Supplier’s CIF quote] − [FOB + your own freight and insurance]. With the example values (Supplier’s CIF quote 54,200 USD, Supplier’s FOB quote 50,000 USD, Freight you sourced 2,900 USD, Insurance rate 0.3 %) the result is 1,125 USD.
Worked example: FOB or CIF?
Example values: Supplier’s CIF quote 54,200 USD, Supplier’s FOB quote 50,000 USD, Freight you sourced 2,900 USD, Insurance rate 0.3 %. FOB + your own freight and insurance: 53,075 USD; Difference from the CIF quote: 1,125 USD; Result: Buying FOB and arranging freight yourself is cheaper.
Is FOB or CIF 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
