Import and export
Freight and Insurance Fill-in
Free CIF fill-in for a missing freight or insurance bill. Type an amount or a percent of FOB. Customs often deems freight at 20% of FOB and insurance at 1.125% of FOB.
Workspace
Runs in your browser. Nothing is saved.
Result
CIF
1,19,125.00
- FOB
- 1,00,000.00
- Freight
- 18,000.00
- Insurance
- 1,125.00
If freight or insurance is missing, customs often deems freight at 20% of FOB and insurance at 1.125% of FOB. Air freight is capped at 20% of FOB. Type your own bills when you have them.
How to use it
- Enter FOB.
- Enter freight as a rupee or foreign-currency amount, or as a percent of FOB.
- Enter insurance as an amount, or as a percent of FOB. Use the deemed-rate button when both bills are missing.
How the figure is worked out
Freight = amount, or FOB × freight percent. Insurance = amount, or FOB × insurance percent. CIF = FOB + freight + insurance. When those bills are missing, customs often deems freight at 20% of FOB and insurance at 1.125% of FOB.
Questions
Which insurance percent should I use?
Use the percent on your policy. If the insurance bill is missing, customs often uses 1.125% of FOB. This page does not decide the rate for you.
What is the 20% freight button?
It fills the customs deemed rates used when bills are missing: freight at 20% of FOB, and insurance at 1.125% of FOB. Air freight is also capped at 20% of FOB. Replace them when you have the real bills.