CIF Price Calculator
Calculate CIF (Cost, Insurance & Freight) prices from FOB value, freight, insurance markup and insurance rate. Get CIF total, CIF unit price, insurance amount and premium in seconds.
CIF Price Calculator
Enter FOB, freight and insurance parameters to get an accurate CIF quotation with a full breakdown.
📝 CIF Input Parameters
✅ CIF Quotation Result
Get CIF Quote in 3 Steps
Transparent CIF pricing with every cost component visible and verifiable.
Enter FOB & Freight
Input your FOB unit price, shipment quantity, and the total international freight & charges.
Set Insurance
Specify the insurance markup (default 10%) and the insurance rate in per-mille (‰). Defaults follow common trade practice.
Copy & Quote
Get CIF total, CIF unit price, insurance amount and premium — plus a step-by-step formula breakdown.
Why Use This CIF Tool?
Standard Formula
Uses the industry-standard CIF formula: CIF = (FOB + Freight) ÷ [1 − (1 + markup) × rate]. Matches real trade quotes.
Insurance Breakdown
See insured amount (CIF × markup factor) and premium separately — no hidden figures for buyer negotiation.
Multi-Currency
Works with USD, EUR, GBP, CNY, JPY, SGD, HKD, AUD and CAD — keep FOB, freight and CIF in the same currency.
Instant & Private
Everything runs in your browser — no server calls, no data uploads. Your quotes never leave your device.
What is CIF?
CIF = Cost, Insurance and Freight. The seller pays for the goods, freight and insurance to the destination port. FOB = Free On Board — the buyer takes over from the port of loading.
| Term | Freight | Insurance | Risk Transfer |
|---|---|---|---|
| FOB | Buyer | Buyer | On board at port of loading |
| CFR | Seller | Buyer | On board at port of loading |
| CIF | Seller | Seller | On board at port of loading |
Note: This calculator is for price quotes and cost estimation only. It does not constitute trade, insurance or legal advice. Always confirm Incoterms obligations with your insurer and forwarder.
CIF Pricing Best Practices
Use 110% insured value
The default 10% markup means the insured amount is CIF × 110%. This is the most common practice — insurers expect the markup to cover expected profit and incidental costs.
Confirm the rate with your insurer
Insurance rates vary by route, cargo type and packaging. The 5‰ default is typical for general cargo — check with your forwarder or insurer for the exact per-mille rate.
Quote in the buyer's currency
If your buyer pays in EUR or GBP, switch the currency selector so FOB, freight and CIF are all displayed in that currency — avoiding FX surprises at payment.
Common Questions
What formula does this CIF calculator use?
Core formula: CIF = (FOB Total + Freight) ÷ [1 − (1 + Markup%) × Rate‰ / 1000]. Insurance Amount = CIF × (1 + Markup%). Insurance Premium = Insurance Amount × Rate‰ / 1000. CIF Unit Price = CIF Total ÷ Quantity.
What is the difference between CIF and FOB?
Under FOB (Free On Board), the seller delivers goods on board the vessel at the port of shipment — the buyer pays ocean freight and insurance from there. Under CIF (Cost, Insurance and Freight), the seller additionally pays for freight and insurance to the destination port. Risk still transfers when goods are on board at the origin port.
Why is the insured amount 110% of CIF?
The 10% markup is a long-standing trade practice that lets the insured recover the expected profit and incidental costs in case of a total loss. The default 10% can be changed — some contracts use 0%, 5% or even 30% for high-margin goods.
What does ‰ (per-mille) mean for the insurance rate?
Per-mille (‰) is one-tenth of a percent. So 5‰ = 0.5%. Insurance rates are usually quoted in per-mille in marine cargo insurance — a 5‰ rate on $10,000 of insured value gives a $50 premium.
Can I use this for CFR or CIP?
For CFR (Cost and Freight), set Insurance Rate to 0 — the result equals FOB Total + Freight. For CIP (Carriage and Insurance Paid To), the same formula structure applies but the risk transfer point and insured value rules differ — consult Incoterms 2020 for details.
Pair CIF with These Tools
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