The value of agency import trade is primarily defined by the CIF (Cost, Insurance, and Freight) price of the goods. The CIF price covers the cost of goods, freight to the destination port, and insurance during transportation. Agency fees are generally not included in the trade value as they represent compensation for agency services and are unrelated to the intrinsic value of the goods.
If transportation costs are already included in the CIF price, they need not be calculated again. If other price terms like FOB (Free On Board) are used, freight and insurance costs from the loading port to the destination port must be added to determine the trade value. Exchange rate fluctuations impact the trade value because trade value is often measured in currency. When the settlement currency differs from the accounting currency, exchange rate changes will alter the converted trade value. Therefore, the current exchange rate must be considered when defining and calculating the value of agency import trade.
Professional consultant answers
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The value of agency import trade is primarily defined by the CIF (Cost, Insurance, and Freight) price of the goods. The CIF price covers the cost of goods, freight to the destination port, and insurance during transportation. Agency fees are generally not included in the trade value as they represent compensation for agency services and are unrelated to the intrinsic value of the goods.
If transportation costs are already included in the CIF price, they need not be calculated again. If other price terms like FOB (Free On Board) are used, freight and insurance costs from the loading port to the destination port must be added to determine the trade value. Exchange rate fluctuations impact the trade value because trade value is often measured in currency. When the settlement currency differs from the accounting currency, exchange rate changes will alter the converted trade value. Therefore, the current exchange rate must be considered when defining and calculating the value of agency import trade.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
Generally, the value of agency import trade is defined mainly by the value of the goods. Additional fees like loading/unloading or storage costs are typically excluded unless specifically agreed upon. These fees are more related to logistics and post-processing rather than the intrinsic value of the goods.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The definition of trade value is closely tied to trade terms. For example, with EXW (Ex Works), the trade value is essentially the factory price of the goods, while subsequent transportation and insurance costs are calculated separately. With DAP (Delivered At Place), the trade value includes all costs to deliver the goods to the specified destination.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
For customs statistics, the value of agency import trade is usually based on the declared dutiable value, which is close to the CIF price. When companies calculate trade value for internal purposes like profit analysis, they may include agency fees based on actual business needs.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
Import-related taxes and fees like tariffs or VAT are not directly included in the agency import trade value. The trade value mainly revolves around the goods themselves and associated transportation/insurance costs, while taxes are additional levies.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
For special goods involving intellectual property fees, if such fees are closely tied to the import and constitute part of the goods' value, they may be included in the trade value, depending on specific circumstances and regulations.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
In long-term agency import partnerships, discounts may apply. When defining trade value, it should be based on actual payments for goods and necessary fees, excluding discounts.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
If goods are damaged during transportation, the trade value may be adjusted based on responsibility. If the seller is liable, the trade value may reflect the intact goods' value; if the buyer bears the loss, the trade value may be adjusted based on the actual condition of received goods.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
In agency import trade, packaging fees are typically included in the trade value if they are part of the standard packaging costs and incorporated into the goods' price. If separately listed and not included in the goods' price, their inclusion depends on specific circumstances.