Preparing Profome invoice, should I mention the cost of insurance and freight solely or including in product cost?
Post 1 of 26
I m new to Industry. One of my buyer asked for quotation in Incoterms CIF. So in preparing Profome invoice, should i mention the cost of insurance and freight solely or including in product cost. What is better way to make best quotation.
Post 2 of 26
Replying to [hirenapatel1980]:
It's always better to mention Insurance and Freight seperatly in the proforma invoice as well as in the main Invoice. In some countries, custom duties are levied only on FOB. This way the buyer is saved from paying custom duty on freight and insurance.
Post 3 of 26
Replying to [hirenapatel1980]:just put it together into one price, get freight/insurance premium included, otherwise, you will make it confused or complicated.
Post 4 of 26
Replying to [hirenapatel1980]:when small buyers asks for a quote they prefer the CIF as the qty will be smaller and they will be concerned about the cost per piece which is the ultimate pricing factor.
but in cases of big buyers the quote will work better in FOB prices
as they will have their own clearing agents take care of their shipments.
Post 5 of 26
Replying to [hirenapatel1980]:
The idea behind askin for this kind of invoice is to get a general feel for the cost of your products. The customer is not placing an order yet, just trying to size you up for prices. Better to provide the lowest possible prices at this point and at the end of your invoice generally mention that other charges may apply after an order was placed.....what if the freight cost goes up before the customer places an order.
Post 6 of 26
Replying to [rezaali55]:
Same here!!
Post 7 of 26
you should mention it in the invoice as already included in the price of the product
Post 8 of 26
Replying to [hirenapatel1980]:Seperatly showing is batter.
Post 9 of 26
Replying to [hirenapatel1980]:seperately better,it can see clearly
Post 10 of 26
Replying to [hirenapatel1980]:i suppose you should include all of it for easy business so the buyer could be able to his/her budget. reason is because due to the economic situation in other countries mostly in under developed countries eg. africa they will need to know future expense.
Post 11 of 26
Replying to [hirenapatel1980]:seperately is best way