Price conversion of major trade terms

1. Conversion of FOB, CFR and CIF terms:

1. FOB price converted to other price CFR price = FOB price + foreign freight CIF price = (FOB price + foreign freight) / (1 - insurance bonus × insurance rate)

2. CFR price converted to other price FOB price = CFR price - foreign freight CIF price = CFR price / (1-insurance bonus × insurance rate)

3. Convert CIF price to other price FOB price = CIF price × (1-insurance bonus × insurance rate) - foreign freight CFR price = CIF price × (1-insurance bonus × insurance rate)

Second, the conversion of FFA, CPT and CIP terms:

1. FCA price converted to other price CPT price = FCA price + foreign freight CIP price = (FCA price + foreign freight) / (1 - insurance bonus × insurance rate)

2. Convert CPT price to other price FCA price = CPT price - foreign freight CIP price = CPT price / (1 - insurance bonus × insurance rate)

3. CIP price converted to other price FCA price = CIP price × (1 - insurance bonus × insurance rate) - foreign freight CPT price = CIP price × (1 - insurance bonus × insurance rate)