Export duty and landed cost: a simple checklist

Start with the supplier's price per MT, then add what applies to your order: 1. Transport from the mill or refinery to the port (already included in an FOB price at the port). 2. Malaysian export duty on crude palm oil, which is revised monthly. 3. Ocean freight and cargo insurance (already included under CFR or CIF). 4. Inspection fees. 5. Import duty, taxes and port charges in your country. 6. Inland transport and storage at destination. 7. Bank charges for the LC and any financing cost. Ask your supplier and forwarder to confirm items 1 to 4 in the deal room before you fix the price.