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Trade resources

Trade resources and tools

A landed-cost estimator, the Incoterms 2020 rules in plain language, and short guides for buyers sourcing from Bangladesh.

FINANCIAL ESTIMATOR

Landed-cost estimator

Estimate a per-unit landed cost from a quoted FOB price, freight, insurance, duty, import VAT and other import costs. Enter every figure from your own quotations; the estimate appears once the first six fields are filled, and optional costs left empty count as none. Nothing here is sent anywhere.

The seller's FOB quotation at its named port of shipment
Target batch procurement size
20ft/40ft FCL container freight
Rate from your insurer, applied to (goods + freight) + 10% — the usual CIF insured value. CIF requires at least Institute Cargo Clauses (C) cover; (A) is wider cover and costs more.
Check the tariff for your product and destination
THC, documentation, and inland transfer
What duty is charged on. Rules differ by country; confirm the basis and rates with your customs broker.

Other import costs (optional)

Estimated on customs value + duty. A simplification: some countries add other charges to the VAT base.
Your broker's quoted fee for the entry
Pre-shipment or quality inspection
Letter of credit, transfer and bank fees
Estimated Total Landed Unit Cost
— / Unit

Goods, freight, insurance, duty, import VAT/GST and the other costs you entered.

Product FOB Total:—
Freight:—
Insured value ((goods + freight) + 10%):—
Cargo Insurance (—):—
Customs value (CIF):—
Import Duty (—):—
Import VAT/GST (none entered):—
Port Handling & Terminal Charges:—
Customs Broker Fee:$0.00
Inspection:$0.00
Bank / LC Charges:$0.00
Estimated total:—

Estimate only, from the figures you entered. It is not a quotation or customs or tax advice: valuation rules, duty and VAT/GST rates differ by country and product, so confirm them with your customs broker.

GLOBAL TRADE RULES

Incoterms® 2020 in plain language

Each Incoterms® rule says who arranges and pays for transport, insurance and customs clearance, and where risk passes from seller to buyer. EXW and DDP work with any mode of transport; FOB, CFR and CIF are for sea and inland waterway transport only. Your contract and the ICC rules themselves are what apply.

FOBIncoterms 2020

Free On Board (named port of shipment)

Transport mode:Sea and inland waterway transport only. For containers handed over at a terminal, or for air or road freight, FCA is the better fit.
Seller Obligation:Export packing, transport to the port of shipment, export clearance and loading the goods on board the vessel the buyer nominates.
Buyer Obligation:Sea freight from the port of shipment, cargo insurance if wanted, unloading, import clearance, duties and delivery to the final destination.
Point of Risk Transfer:When the goods are on board the vessel at the named port of shipment.
CIFIncoterms 2020

Cost, Insurance and Freight (named port of destination)

Transport mode:Sea and inland waterway transport only. For containers or other modes, CIP is the equivalent any-mode rule.
Seller Obligation:Everything under FOB, plus sea freight to the destination port and cargo insurance for the buyer. The minimum cover required is Institute Cargo Clauses (C) or similar, unless the contract asks for more.
Buyer Obligation:Unloading at the destination port unless the freight contract includes it, import clearance, duties, onward transport and any extra insurance cover.
Point of Risk Transfer:When the goods are on board the vessel at the port of shipment, even though the seller pays freight and insurance to the destination port.
CFRIncoterms 2020

Cost and Freight (named port of destination)

Transport mode:Sea and inland waterway transport only. For containers or other modes, CPT is the equivalent any-mode rule.
Seller Obligation:Everything under FOB, plus sea freight to the destination port. The seller does not insure the goods for the buyer.
Buyer Obligation:Cargo insurance, unloading at the destination port unless the freight contract includes it, import clearance, duties and onward transport.
Point of Risk Transfer:When the goods are on board the vessel at the port of shipment.
EXWIncoterms 2020

Ex Works (named place, usually the seller's premises)

Transport mode:Any mode of transport.
Seller Obligation:Packing the goods and making them available at the named place. The seller does not have to load them or clear them for export.
Buyer Obligation:Loading, export clearance in Bangladesh, all transport, insurance, import clearance and duties.
Point of Risk Transfer:When the goods are placed at the buyer's disposal at the named place, not yet loaded.
DDPIncoterms 2020

Delivered Duty Paid (named place of destination)

Transport mode:Any mode of transport.
Seller Obligation:All transport to the named destination, export and import clearance, and import duties and taxes such as VAT, unless the contract says otherwise.
Buyer Obligation:Unloading the goods at the named destination.
Point of Risk Transfer:When the goods are placed at the buyer's disposal at the named destination, ready for unloading.

Preferential market access

Bangladesh has duty-free, quota-free access to the European Union under the Everything But Arms arrangement and preferential access to the UK under its Developing Countries Trading Scheme. Eligibility depends on the product and its rules of origin; confirm the rate for your HS code with your customs broker.

Payment terms

Common terms in Bangladesh export trade are an irrevocable letter of credit at sight, or a telegraphic-transfer advance with the balance against shipping documents. Agree the terms in the quotation before paying. Exportain does not hold funds for a trade in goods.

Freight from Bangladeshi ports

Rates that forwarders have published on Exportain are searchable by lane, with the transit time and validity date each forwarder filed. Search published freight rates.