What is Landed Cost?
Landed Cost Total cost of a product once it has arrived at buyer’s doorstep, including purchase price, freight, insurance, duties, taxes, and handling fees.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Landed Cost” Used in Practice?
The procurement manager calculated the landed cost to determine profitability after VAT, duties, and inland freight.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Landed Cost?
Total cost of a product once it has arrived at buyer’s doorstep, including purchase price, freight, insurance, duties, taxes, and handling fees.
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