1 Thought on If the price of an equipment is $180,000 (FOB USA), What could be the price CIF, Manila, Philippines?
  1. Reply
    Bostonian In MO
    April 17, 2013 at 1:55 am

    You’ll have to ask the supplier for a quote. There’s NO possible way to say otherwise.

    Ocean freight rates are based upon size and weight with heavy emphasis on size. A $ 180k piece of equipment could be as small as a book or the size of a small house.

    Insurance is based upon value and the probability of loss. A piece of earth-moving equipment is pretty indestructible assuming that the ship does not sink so would be relatively cheap to insure. But a piece of medical equipment could be very fragile and could easily be destroyed just by dropping it so would be relatively expensive to insure.

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