"INTERNATIONAL FREIGHT FIXED COSTS Overhead"
Export Costing Calculation Sheet Tansaction Type / Incoterm 2010: "CFR.. .Named port of destination (Cost and Freight)" ADVISORY NOTE This Costing Sheet The Landed Cost Other Costs That May Be Incorporated Into The CFR About Cargo Sales Practical Advice for Business DATE: COMMODITY NAME: NAME OF YOUR COMPANY: QUANTITY : 0.00 NAME OF BUYER: NAME OF SUPPLIER SUPPORTING EVIDENCE Total Item EST FIXED COSTS - (Overhead) Administration $0.00 Rent $0.00 Amortization / Depreciation $0.00 Loan interest costs $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - VARIABLE COSTS - DIRECTLY RELATED TO THE PRODUCTION PROCESS Labour – Wages $0.00 Raw Materials $0.00 Energy (Fuel consumption) $0.00 Inventory Carrying Costs $0.00 Domestic duties $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - FOREIGN MARKETING COSTS Travel accommodations $0.00 Promotion $0.00 Communications $0.00 Translation $0.00 Professional fees $0.00 Foreign Agency Costs $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - PREPARATION FOR SHIPPING Labeling $0.00 Packaging $0.00 Export Packing $0.00 Marking $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - DOMESTIC / INLAND TRANSPORTATION COSTS AT COUNTRY OF ORIGIN Documentation $0.00 Factory Loading Charges $0.00 Domestic Freight $0.00 Domestic Transport Insurance to Port of Departure $0.00 Other Cost $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - CHARGES AT PORT/PLACE OF DEPARTURE Unloading The Goods From The Arriving Mean Of Transport $0.00 Loading The Cargo On Board (where appropriate) $0.00 Clearance Of The Goods For Export $0.00 Charges Of Storage Facility / Terminal Handling (where appropriate) $0.00 Port congestion surcharge (where appropriate) $0.00 Commission Of Port Agent (where appropriate) $0.00 Freight Forwarding Fees $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - INTERNATIONAL FREIGHT Freight to bring the goods to the port of destination $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - INTERNATIONAL FINANCING Costs of instruments $0.00 Discount on receivables $0.00 Currency conversion fees $0.00 Finance costs (i.e. interest costs) $0.00 Other Cost $0.00 Other Cost $0.00 SUBTOTAL $ - EXPORT CREDIT INSURANCE Cost For Export Credit Insurance Cover $0.00 SUBTOTAL $ - COSTS INVOLVED IN THE EXPORT TRANSACTION Total Costs For The Transaction $ - YOUR PROFIT MARGIN Profit mark up 0.00% SUBTOTAL $ - QUOTE SELLING PRICE AT MAXIMUM AVERAGE MINIMUM #DIV/0! Cell: B3 Comment: INCOTERM - CFR..Name Port of Destination (Cost and Freight): Under this term, the seller is required to arrange for the carriage of the goods and pay the costs and freight necessary to bring the goods to the named destination. Cell: C5 Comment: About this Costing Sheet: Below is a general cost calculation sheet that can help you identify the cost elements that are associated with the goods that are exported, estimate the potential costs involved in a CFR export transaction and calculate how this quote will convert into a successful, aggressive selling price that will help you win your client. To use the calculation sheet, simply fill in the fields in the “Total Item EST” column on the right. Please note Cargo Sales Limited advises that this costing sheet is to be used as a guide only and it may not necessarily include all costs for all export transactions; you should adjust the calculation sheet below to meet your needs. Cell: C6 Comment: The Landed Cost: Represents the total cost of purchasing, transportation, warehousing and distribution of a product, allows the capture of these indirect costs so they may be analysed and ultimately incorporated into the total cost of each product/ shipment. Landed costs are an integral part of the standard costing system. If businesses are not fully collecting and measuring landed costs that will be added to the goods before they arrive at destination then they are not accurately measuring their margins. Cell: C7 Comment: Other costs that may be incorporated into the CFR: include fees for processing of payments. Add up an extra few percent to your margin, to cover unexpected events such as raw material costs rise, or currency exchange fluctuation and always set a validity date to your sales quotation. Cell: C8 Comment: Cargo Sales Limited - International Cargo & Commodity Sale and Purchase Brokers About Us: Our distinctive position in markets worldwide is based on our infrastructure which has enabled us to operate a sale and purchase service chain for a variety of products, selling these goods to buyers in several cargo destination markets. What differentiates CargoSales Limited is our willingness and ability to service each client's unique requirements. Our Brokers deal with all major categories of •Agricultural and Grain Products •Agricultural Supplies •Minerals •Metallurgy Products •Raw Materials for Iron & Steel Industry We continually seek and identify new opportunities that best satisfy client needs by offering further assistance in combination with other value-added services. These include •Import-Export Administration •Ocean Freighting •Trade Risk Management •Cargo Insurance •Freight Forwarding •Cargo Transshipment •Warehousing and Storage Should you wish to learn more, please visit our corporate website at www.CargoSalesOnline.com Cell: C15 Comment: Name of Supplier: Insert the name of the suppliers of the service in the fields below. Cell: D15 Comment: Supporting Evidence: State what evidence you have to substantiate the expense stated in the “Total Item EST” column, e.g. emails, agreement, report of work to be carried out, proforma invoice, etc. Cell: E15 Comment: Total Item EST: Insert the amount for each item expense in the fields below. The Sub Total fields are calculated automatically. Cell: B17 Comment: Fixed Costs - (Overhead): Total fixed costs should be divided by man-hours or product units to determine their contribution to the costs. Cell: B26 Comment: Variable Costs - Directly Related to the Production Process: Variable costs are increasing when production is increased. Cell: B28 Comment: Raw Materials: Insert the Total Cost or Raw Materials Cell: B36 Comment: Foreign Marketing Costs: In order to deliver the optimal level of service outputs to their target consumers, trading companies are willing to allocate some of their tasks, or marketing flows, to intermediaries. Depending on your distribution channels, there may be a need to involve a distribution agent (i.e. a broker, local agent, etc). In such cases, these individuals or businesses are going to require a commission payment based on the work that they undertake on your behalf. You will need to add these additional costs to your calculations. Cell: B41 Comment: Professional Fees: Depending on your distribution channels, there may be a need to involve a distribution agent (i.e. a broker, local agent, etc). In such cases, these individuals or businesses are going to require a commission payment based on the work that they undertake on your behalf. You will need to add these additional costs to your calculations. Cell: B47 Comment: Preparation For Shipping: This category of costs is depending on the mode of transport. Cell: B56 Comment: Domestic / Inland Transportation Cost at Country of Origin: i.e. Rail/Truck freight and Transport insurance - From supplier’s plant to place of loading and from place of loading to shipping point Cell: B98 Comment: Total Costs For The Transaction: This total will give you an estimate of your total costs for the export transaction. Cell: B105 Comment: Maximum: Maximum Selling Price P/MT Cell: B106 Comment: Average: Average Selling Price P/MT Cell: B107 Comment: Minimum: Minimum Selling Price P/MT