Estimated Landed Cost is an estimated total cost of a product once it has arrived at the buyer?s door. This list of components that are needed to determine landed costs include the original cost of the item, all brokerage and logistics fees, complete shipping costs, customs duties, tariffs, taxes, insurance, currency conversion, crating costs, and handling fees. Not all of these components are present in every shipment, but included items must be considered part of the estimated landed cost. This is to predict the total landed cost of materials so as to avoid taking risk of losing money due to hidden costs incurred.
Protecting the Quality of Chinese imports
China is known as the largest manufacturer in the world. The Asian superpower produces billions worth of products every year, accounting for almost a third of global production. Western companies ...
