What Is General Rate Increase | The Ultimate Guide-Xiongda

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What is General Rate Increase?

GRI is General Rate Increase, and the comprehensive rate increase surcharge is a surcharge. Generally, it is included in the shipping quotation, or it will be listed separately, and then a total price of the shipping fee will be given. If not, you can ask the company that quoted you to see the details.

This is the uniform fee set by the shipping company in units of containers. Generally, the freight forwarder will reimburse you for the actual cost. If it is bulk cargo, it may charge you more.

Extended information:
Freight in CIF = FOB price + insurance + freight.

 

General Rate Increase

General Rate Increase

 

What is FOB?

FOB (the acronym for Free On Board)
To put it simply, you buy equipment from abroad, and the seller only needs to send the equipment to the port of their country, and you will pay for the rest of the freight and insurance costs from abroad to China.

FOB to the United States

(The freight that needs to be paid in China)

  1. Processing and finishing costs;
  2. Packaging costs;
  3. Storage costs (storage/rental, fire insurance, etc.);
  4. Domestic transportation costs (warehouse to wharf);
  5. Certificate fees (including commodity inspection fees, notarization fees, consular visa fees, certificate of origin fees, license fees, storage fees, etc.);
  6. Shipping fee (shipping, hoisting and barge fees, etc.);
  7. Bank fees (discount interest, handling fees, etc.);
  8. Estimated loss (loss, short loss, leakage, damage, deterioration, etc.);
  9. Postage fees (telegram, telephone, telegram, fax, email, etc.).

 

The Ultimate Guide

General Rate Increase

 

FOB calculation method

This is a basic trade term problem. F.O.B (FREE ON BORAD) means delivery on board at the port of shipment. Simply put, the cost before shipment is borne by the seller. Therefore, you have to pay the fees from your factory to the port, such as trailers, commodity inspection, customs clearance, docks, etc., and the issue of VAT invoices is not included.

  1. The formula of this program: FOB={{1-[tax refund rate/(1+value-added tax rate)]} *RMB tax-included price}/exchange rate
  2. This program calculates only a cost price, that is, only the value of the product is considered, and the freight from the factory to the port, miscellaneous charges at the port, transaction costs and other expenses are not considered; if you are a foreign trade enterprise, this program does not Consider profits.
  3. Regarding the price in RMB, this price is in RMB including value-added tax.
  4. About the export tax rebate rate and value-added tax rate.

 

General Rate Increase

General Rate Increase

 

We specialize in shipping from China to USA, and can provide sea freight from China to USA,air freight to USA.

As an Amazon FBA freight forwarder company, we are very familiar with Amazon’s relevant regulations. If you need a freight forwarder China to USA , contact us now!

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