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Tansaction Type / Incoterm 2000: "Ex-Works", "Ex Factory", "Ex Warehouse" ADVISORY NOTE
This Costing Sheet The Landed Cost When Dealing With Your Supplier Other Costs That May Be Incorporated Into The Ex-Works About Cargo Sales Practical Advice for Business DATE: NAME OF YOUR COMPANY: COMMODITY NAME: QUANTITY :
0.00
NAME OF SUPPLIER
SUPPORTING EVIDENCE
INTERNATIONAL FREIGHT
Freight to bring the goods to the port or country of destination Other Cost Other Cost SUBTOTAL $ $0.00 $0.00 $0.00 -
CARGO INSURANCE
Rate, Marine Risk Rate, War Risk Other Cost Other Cost Other Cost SUBTOTAL $ $0.00 $0.00 $0.00 $0.00 $0.00 -
INTERNATIONAL FINANCING
Costs of instruments Discount on receivables Currency conversion fees Finance costs (i.e. interest costs) Other Cost Other Cost SUBTOTAL $ $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -
Cell: B3 Comment: INCOTERM - EX WORKS, EX FACTORY, EX WAREHOUSE: The seller to make the goods available at his own premises. Buyer to bear all costs and risks involved in taking the goods from sellers premises.
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 purchased, estimate the potential costs involved in an Ex-Works 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 import 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: When Dealing With Your Supplier: Always verify that the price actually corresponds, point by point, to your product as specified and make sure that the quotation is really all-inclusive. Import costing can be dangerous, as slight mistakes can have a disastrous impact on your profit margin.
Cell: C8 Comment: Other costs that may be incorporated into the Ex-Works: 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: C9 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 commodity or 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: B21 Comment: Domestic / Inland Transportation Cost at Country of Origin: i.e. Rail/Truck freight and Transport insurance - From suppliers plant to place of loading and from place of loading to shipping point Cell: B50 Comment: Cargo Insurance: Usually 110% of the value of the goods
Cell: B51 Comment: War Risk Insurance - The Institute War Clauses: The purpose of these clauses is to provide cover against the risks of war, warlike operations or activities, e.g. war, civil war, revolution, capture, seizure, etc. These clauses are only applicable for goods being transported by sea, air or international post and does not cover risks during land transit. If you are moving goods to a war zone, the insurance premium would very high.
Cell: B68 Comment: Inland Transportation Costs: i.e. Rail/Truck freight and Transport insurance - From port or place of arrival to nominated destination
Cell: B77 Comment: Domestic 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: B81 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: B87 Comment: Fixed Costs - (Overhead): Total fixed costs should be divided by man-hours or product units to determine their contribution to the costs. Cell: B96 Comment: Variable Costs - Directly Related to the Business Operation Process: Variable costs are increasing when production is increased.
Cell: B114 Comment: Total Costs For The Transaction: This total will give you an estimate of your total costs for the import transaction.
Cell: B121 Comment: Maximum: Maximum Selling Price P/MT Cell: B122 Comment: Average: Average Selling Price P/MT