10 questions to measure the cost of exchange

1. Calculate shipping costs using the correct freight rate standard

With the development of transportation, the bulk of the use of containers, in our export trade, foreign importers often require container shipments. The container is shipped in full container and LCL. Shipping costs for FCL shipments are lower than for FCL shipments. Through the calculation of the quotations of many shipping companies at the same time and on the same route, we found that on average, each freight ton, the full container shipping cost is several dollars to several tens of dollars lower than the LCL shipping cost. Therefore, when measuring the freight, you must pay attention to the freight rate standard. The quantity of the exported goods can be filled with a whole container, and the freight can be calculated by using the whole freight rate. If the quantity of the goods is small, only the bulk shipping can be carried out. Use the freight rate with a higher freight rate to calculate the freight rate. Otherwise, the exchange cost will be incorrectly calculated due to the low freight rate.

2. Accurately grasp the quantity of goods that can be loaded in the whole container, avoiding the delivery of empty freight

When the contract clause stipulates that the whole container is required to be shipped, if the internal and external packaging of the exported goods cannot be accurately grasped, and it is impossible to accurately grasp how many quantities of goods each container can load, it is easy to cause no load, and no-load means that the freight is in vain. The white expenditure of expenditure and freight means that the calculation of freight is not accurate. The calculation of exchange cost is naturally not accurate. In order to accurately calculate the cost of exchange, it is necessary to accurately grasp the packaging situation of the goods and the payment of freight.

3, pay attention to calculate the shipping cost of the pallet + container

Pallets and containers play the same role in transportation: protecting goods, facilitating loading and unloading, and preventing theft. Therefore, the shipping process can be carried out according to one of the specific conditions. If the two methods are used at the same time, not only the cost of multiple pieces of packaging is required. Also pay for the space occupied by the tray. Therefore, when foreign importers require first pallets and then containers, then when calculating the cost of exchange, don't forget to calculate the additional packaging and shipping costs incurred for pallet + container shipments.

4. Correctly calculate the extra premium incurred by the high insurance premium.

Insurance is to ensure that the owner can obtain certain economic compensation after the goods are destroyed, so that their operations can continue. According to international practice, the insurance premium is usually 10%, and insurance premiums increase with the increase in insurance premiums. When the insurance premium reaches 30%, the insurance company generally does not accept it. This is to prevent individual cargo owners from deliberately destroying the goods and defrauding high insurance compensation. Therefore, if there are special circumstances, there is a need to increase the insurance premium. Even if the insurance company cannot accept it, the insurance premium is relatively high. The insurance company needs to confirm the insurance premium one by one. Therefore, when calculating the exchange cost, it must be added. All expenses incurred by the insurance company for the high insurance coverage.

5, can not miss the specified goods need to add premiums

The insurance premium is determined by the corresponding basic rate of the amount, category, investment insurance, destination country, etc. of the commodity. If the export commodity is a specified cargo that requires additional premiums, the insurance premium is calculated as the basic insurance premium plus the additional premium. Insurance premiums, plus premiums are higher than basic premiums. Therefore, in addition to knowing the basic insurance premiums for export commodities, you should also know whether export commodities are specified goods, and whether additional insurance premiums are required. The additional insurance premium for the specified goods is added to the basic insurance fee.

6. Pay attention to the issue of export commodity insurance exemption

Insurance companies have provisions for exemption for certain goods. The deductible rate varies from product to product, ranging from 0.5% to 5%. Therefore, it should be understood whether the export goods are within the scope of the insurance company’s exemption. If the goods are within the scope of the exemption, and the contract is signed with the corresponding deductible clause, the exporter will bear certain compensation risks. Once the compensation is established, the exporter will pay a small price, which will result in a loss due to the increase in the exchange cost. Occurs, therefore, the insurance company shall stipulate that the goods within the scope of the exemption must sign corresponding deductible clauses on the contract, avoid the risk of compensation that may occur, and eliminate the hidden dangers of the exchange of exchange costs, so as to ensure the accuracy of the exchange rate of the measurement. Sex.

7. Correctly estimate normal bank charges

The normal bank charges incurred in collections are: toll collection and billing charges. The normal expenses incurred in the settlement of letters of credit mainly include: letter of credit notice fee, confirmation fee, negotiation fee, billing fee, document processing fee, telegraph fee, reimbursement and so on. Due to the complexity of the bank charges for the settlement of letters of credit, the contract for the settlement of letters of credit should pay special attention to the bank fees when the exchange of exchanges is established. Because the amount of the letter of credit is different, the terms of the content are different, the countries issuing the certificates are different, and the banks are charged. The standard of fees is different, and the preferential items are different. Therefore, the fees incurred by the settlement of letters of credit are different. Therefore, when measuring the cost of exchange of exchanges, we need to combine the bank fees of different countries and banks according to the terms of the contract. Calculate bank fees.

8. Appropriately estimate the expenditure of abnormal bank expenses

Unusual bank charges are generated in the settlement of letters of credit, mainly including: non-conformity of funds, non-compliance with telegraph fees caused by the delivery of documents, and the issuance fee, transfer fee, etc. passed by the customer. There are various reasons for this. For example, the contract does not clearly divide the bank expenses, and the foreign importer will pass the license fee or the transfer fee that is borne by the foreign importer to the exporter, so that the license fee will be incurred. , transfer fee. Another example: if the contract terms are incomplete and cannot be executed smoothly; or there are trap clauses in the contract that are subject to the other party's restrictions, it is difficult to perform; or due to operational errors, failure to perform according to the terms of the contract; or the settlement of the bills is wrong; The kind of error is reflected in the end of the exchange rate document discrepancies, resulting in discrepancies in the change of the single fee and related telegraph fees. No one can guarantee in advance: the signing of the contract terms is 100% reasonable, and the performance of the contract is 100% accurate, without any flaws. Therefore, when measuring the cost of exchange, the abnormal bank charges that may arise should be properly estimated.

9, pay attention to subtract commission

Commissions are the income earned by intermediaries in introducing transactions or buying and selling. Many of our export contracts are contracted with various types of intermediaries. After the transaction is completed and the loan is repaid, the commission is paid to the middleman. When switching the cost of exchange, the commission for the expenditure should be reduced, especially if the intermediary asks us to pay the dark commission for some reasons, and when the commission ratio is not displayed in the contract, it is more important to pay attention: when calculating the exchange fee, subtract the commission. Expenditure.

10. Interest arising from long-term billing should be recorded in cost

In the export trade, we do the letter of credit long-term, D/P long-term, D/A long-term, can not just regard it as a later collection of foreign exchange, we should understand: the future collection of foreign exchange is our customer The deposit, the financial resources of the customer, if we are under pressure from our funds, we must not only bear the risk of not receiving foreign exchange at maturity, but also pay interest on the funds being under pressure. This fee can be based on our amount of money. The calculation of the number of days of deposit and the bank loan interest rate is as follows: interest on the account = interest on the amount of credit X, number of days of posting, and 360 days of bank loan interest rate. When measuring the cost of exchange, it should be noted that this interest expense should be included in the total cost of export.