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Home > Trade and Export > Export Costing Worksheet
Export Costing Worksheet What is a costing sheet? This is your guide to pricing out how much it will cost you to produce, transport, deliver, and finance your international transaction. Each costing stage identifies the different delivery terms which will affect your responsibilities and risks in the transaction. At each stage of pricing, your costs and quoted price to your buyer will increase. Below is a summary of the export costing process by the four most common Incoterms (delivery terms). Should you require more information on export costing or Incoterms, please consult the Department of Foreign Affairs website. 1. Calculating an Exworks Transaction
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Material |
$ |
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Labour |
$ |
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Plant overhead |
$ |
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Administration |
$ |
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Financing costs |
$ |
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Domestic duties |
$ |
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Total cost of production |
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$ |
Foreign Marketing
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Travel accommodations |
$ |
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Promotion |
$ |
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Communications |
$ |
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Translation |
$ |
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Professional fees |
$ |
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Agency market costs |
$ |
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Total marketing costs |
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+$ |
Preparation for Shipping
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Labeling |
$ |
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Packaging |
$ |
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Packing |
$ |
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Marking, etc. |
$ |
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Total shipping preparation costs |
+$ |
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*Total Cost Ex Works of Product |
=$ |
International Financing
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Costs of instruments |
$ |
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Export credit insurance |
$ |
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Discount on receivables |
$ |
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Currency conversion fees |
$ |
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Loan interest costs |
$ |
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Total international financing |
+$ |
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Profit mark up |
+$ |
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QUOTE EX WORKS PRICE AT |
=$ |
2. Calculating a FOB Transaction
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*Total Cost ExWorks of Product |
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$ |
Domestic Freight
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Documentation |
$ |
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Factory loading charges |
$ |
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Transportation to port |
$ |
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Unloading at port |
$ |
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Storage |
$ |
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Port costs |
$ |
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Ship loading charges |
$ |
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+++Freight forwarding fees |
$ |
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Total domestic freight |
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+$ |
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**Total Cost FOB of Product |
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=$ |
International Financing
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Costs of instrument |
$ |
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Export credit insurance |
$ |
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Discount on receivables |
$ |
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Currency conversion fees |
$ |
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Loan interest costs |
$ |
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Total International financing |
+$ |
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Profit mark up |
+$ |
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QUOTE FOB PRICE AT |
=$ |
3. Calculating a CIF Transaction
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**Total Cost FOB of Product |
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$ |
International Freight
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International freight |
$ |
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Shipping insurance coverage (usually 110% of value) |
$ |
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Total International freight |
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+$ |
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***Total Cost CIF of Product |
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=$ |
International Financing
|
Costs of instruments |
$ |
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Export credit insurance |
$ |
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Discount on receivables |
$ |
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Currency conversion fees |
$ |
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Loan interest costs |
$ |
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Total International financing |
+$ |
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Profit mark up |
+$ |
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QUOTE CIF PRICE AT |
$ |
=$ |
2. Calculating a DDP Transaction
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***Total Cost CIF of Product |
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$ |
Customs
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Unloading at receiving port |
$ |
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Foreign duties |
$ |
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Broker fees |
$ |
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Storage |
$ |
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Total landing/clearing costs |
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+$ |
Inland Freight
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Loading charges |
$ |
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Transportation |
$ |
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Unloading at destination terminal |
$ |
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Total inland freight |
+$ |
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****Total Cost DDP of Product |
=$ |
International Financing
|
Costs of instruments |
$ |
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Export credit insurance |
$ |
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Discount on receivables |
$ |
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Currency conversion fees |
$ |
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International loans |
$ |
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Total international financing |
+$ |
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Profit mark up |
+$ |
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QUOTE DDP PRICE AT |
=$ |
Notes:
Foreign Distribution Agent(s)
Depending on your distribution channels, there may be a need to involve a local agent. 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 pricing quotations.
+++Freight Forwarders
Freight forwarding fees will vary depending on the responsibilities undertaken y the Incoterms. That is, the freight forwarders' fees for FOB will be lower s the responsibilities end at the departure port. The freight forwarders' fees or DDP will be increased as responsibilities extend to the destination terminal.
Advisory Note:
business Infosource advises that this costing sheet is to be used as a guide only. It may not necessarily include all costs for all export transactions. For further assistance, please consult your Yellow Pages under the listings of Export Representatives, Exporters, Freight Forwarders, and Customs Brokers.
Prepared by: The Business Link Business Service Centre
Phone: 306-956-2323 Toll Free: 1-800-667-4374 Fax: 306-956-2328
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| Last Modified: 2003-11-24 | Important Notices |