2. INCOTERMS FOR:
Sea and Inland Waterway
Transport
Free Alongside Ship (FAS)
Free On Board (FOB)
Cost and Freight (CFR)
Cost Insurance and Freight (CIF)
Multimodal Transport
Ex Works (EXW)
Free Carrier (FCA)
Carriage Paid To (CPT)
Carriage and Insurance Paid To (CIP)
Delivered at Terminal (DAT)
Delivered at Place (DAP)
Delivered Duty Paid (DDP)
16. DUTIABLE INSURANCE (BASIS CMO 2 – 2007)
Ins. = 2% x CV
(if general cargo)
Ins. = 4% x CV
(if dangerous/flammable/chemicals
and other high risk cargoes)
17. DUTIABLE INSURANCE (BASIS CMO 2 – 2007)
If shipment is covered by Local Insurance
Premium:
-as it is, if supported by official receipt and
certification
-If not supported by official receipt and
certification, then it should not be lower than
2% for general cargo and 4% for dangerous
cargo.
18. DUTIABLE INSURANCE (BASIS CMO 2 – 2007)
If shipment is not covered by Local Insurance
Premium, then the declared amount in the entry
may be accepted, provided:
- it is not lower than 2% for general cargo and 4% for
dangerous cargo.
19. DUTIABLE INSURANCE (BASIS CMO 2 – 2007)
Importation of the government:
If covered by GSIS insurance premium
As it is
If insured by local surety company
as it, if supported by official receipt and certification
If not supported by official receipt and certification, then
it should not be lower than 2% for general cargo and
for dangerous cargo.
if not covered by local insurance premium
it is not lower than 2% for general cargo and 4% for
dangerous cargo.
20. DUTIABLE FREIGHT (BASIS CMO 2 – 2007)
The amount indicated in B/L or AWB
If indicated in the B/L or AWB and
Commercial Invoice
Whichever is higher
21. DUTIABLE FREIGHT (BASIS CMO 2 – 2007)
If no amount is indicated in B/L or AWB
and/or invoice
The declared freight per SAD may be used
provided that such amount is not lower than
70% of the IATA or Conference rate.
22. DUTIABLE FREIGHT (BASIS CMO 2 – 2007)
If no amount is indicated in B/L or AWB
and/or invoice
The declared freight per SAD may be used provided
that such amount is not lower than 70% of the IATA or
Conference rate.
if it is lower than 70% of IATA or Conference rate,
importer presentation of certification or official
receipt from the carrier or forwarder is necessary.
23. DUTIABLE FREIGHT (BASIS CMO 2 – 2007)
If bulk shipment, the actual amount indicated in the
certified copy of Charter party or freight contract
and stowage plan.
24. DUTIABLE FREIGHT (BASIS CMO 2 – 2007)
For bulk and general cargo consigned to NFA:
Not lower than 10% of the CFR value.
26. ALTERNATIVE FORMULAE FOR
DUTIABLE INSURANCE
•Ins = 2% of FOB (if general cargo)
•Ins = 4% of FOB (if high-risk/dangerous
cargo)
•Ins = 2% of FCA (if general cargo)
•Ins = 4% of FCA (if highrisk/dangerous
cargo)
27. ALTERNATIVE FORMULAE FOR
DUTIABLE INSURANCE
•Ins = CIF – Frt – FOB or Ins = CIF – (Frt + FOB)
•Ins = CIP – Frt – FCA or Ins = CIP – (Frt + FCA)
28. ALTERNATIVE FORMULAE FOR
DUTIABLE FREIGHT
•Frt = CFR – FOB
•Frt = CPT – FCA
•Frt = CIF – FOB – Ins or Frt = CIF – (FOB + Ins)
•Frt = CIP – FCA – Ins or Frt = CIP – (FCA + Ins)
30. DV: DEFINED…
•Dutiable value of imported goods is the
transaction value (TV), which is defined as
the “price paid or payable” for the goods
when sold for export to the Philippines
plus “certain adjustments.”
31. ELEMENTS OF DV
•Customs Value / CV
•Dutiable Freight as per CMO 2-2007
•Dutiable Insurance as per CMO 2-2007
DV = CV + Frt + Ins
32. ALTERNATIVE FORMULAE FOR
DUTIABLE VALUE
•DV = CIF
•DV = CFR + Ins
•DV = FOB + Frt + Ins
•DV = CIP
•DV = CPT + Ins
•DV = FCA + Frt + Ins
•DV = ExW + o/c + Frt + Ins
34. ELEMENTS OF THE LANDED COST
• Dutiable Value/DV
• Customs Duty/CUD (DV X ROD)
• Bank Charge/BC (0.00125 x DV) *if payment is made through bank
• Brokerage Fee/BF (as per CAO 1-2001)
• Arrastre Charge/AC *if shipment is by sea
• Wharfage Due/WD *if shipment is by sea
• Import Processing Fee/IPF ( as per CAO 2-2001)
• Customs Documentary Stamp/CDS
Miscellaneous
Expenses or ME
35. BROKERAGE FEE...(CAO 1-2001)
Dutiable Value(formal entry) BF
FORMAL ENTRY
Up to Php. 10,000.00 Php. 1,300.00
Php. 10,001.00 to Php. 20,000.00 Php. 2,000.00
Php. 20,001.00 to Php. 30,000.00 Php. 2,700.00
Php. 30,001.00 to Php. 40,000.00 Php. 3,300.00
Php. 40,001.00 to Php. 50,000.00 Php. 3,600.00
Php. 50,001.00 to Php. 60,000.00 Php. 4,000.00
Php. 6,001.00 to Php. 100,000.00 Php. 4,700.00
Php. 10,001.00 to Php. 200,000.00 Php. 5,300.00
INFORMAL ENTRY Php. 700.00
36. FORMULA FOR BF….
*if and if the DV is more than Php. 200,000.00
Standard form:
BF = 5,300 + [(DV – 200,000) X 0.00125]
Simplified Form:
BF = 5,300 + [(DV – 200,000) X 0.00125]
BF = 5,300 + [0.00125DV – (200,000 X 0.00125)]
BF = 5,300 + 0.00125DV – 250
BF = 0.00125DV + (5,300 – 250)
BF = 0.00125DV + 5050
37. IMPORT PROCESSING FEE...(CAO 2-2001)
Dutiable Value IPF
Upto Php. 250,000.00 Php. 250.00
Php. 250,001.00 to Php. 500,000.00 Php. 500.00
Php. 500,001.00 to Php. 750,000.00 Php. 750.00
Over Php. 750,000.00 Php. 1000.00
41. ARRASTRE CHARGES FOR ASSESSMENT PURPOSES(CM0 26-95)
OUT-PORTS
A)Php. 8.00 per MT – for shipside cargo
B)Php. 110.00 per MT – for pier side cargo
C)As declared if higher
44. WHARFAGE DUES FOR ASSESSMENT PURPOSES(CM0 26-95C)
OUT-PORTS
A)Php. 17.00 per MT – for shipside cargo
B)Php. 34.00 per MT – for pier side cargo
C)As declared if higher
45. WHARFAGE DUES FOR ASSESSMENT PURPOSES(CM0 26-95C)
PRIVATE PORTS
Php, 18.325 per MT
