= $95,350; Actual total export cost = 702000 * (1+5%)-702000/(1+17%) * 9% = 737100-54000 = 683/kloc-. Exchange cost = actual export cost/net foreign exchange income = 683100/95350 = 7.1641; Profit and loss = net foreign exchange income * exchange rate-actual total export cost = 95350 * 8.30-683100 =108305 yuan; Profit and loss ratio = profit and loss amount/actual total export cost *100% =108305/683100 *100% =15.85%.
The general practice of UCP500 is 5%, but this letter of credit stipulates the maximum amount, so we can't load more, only less. How much can be shipped short depends on the specific provisions of the Reid of LZ letter of credit and the nature of LZ export goods, such as agricultural products, clothing or chemical products.
First, whether the bill of exchange under the letter of credit is accompanied by a split freight document.
Documentary and clean letters of credit
1. Documentary letter of credit is a letter of credit paid by documentary draft or only by documents. Documents here refer to documents representing the ownership of goods (such as ocean bills of lading, etc.) ), or documents proving that the goods have been delivered (such as railway waybill, air waybill, postal parcel receipt).
2. A clean letter of credit is a kind of letter of credit that pays by clean bill without shipping documents. Banks pay by clean letter of credit, and may also require beneficiaries to attach some non-freight documents, such as invoices and advance orders.
In the payment and settlement of international trade, most of them use documentary letters of credit.
Second, the difference between FOB, CIF and CFR
1, FOB, also known as "FOB", is one of the commonly used trade terms in international trade. For the transaction under FOB conditions, the buyer is responsible for sending a ship to receive the goods, and the seller shall load the goods on the ship designated by the buyer at the port of shipment stipulated in the contract and within the specified time limit, and notify the buyer in time. When the goods are loaded on a named vessel at the port of shipment, the risk passes from the seller to the buyer.
The Chinese translation of the term 2.CIF is called cost, insurance and freight. (Designated port of destination, originally cost, insurance and freight (insert designated port of destination). According to this term, the components of the price of goods include the usual freight from the port of shipment to the agreed port of destination and the agreed insurance premium. Therefore, in addition to the same obligations as CFR terms, the seller should also handle freight insurance for the buyer and pay the insurance premium. According to the general international trade practice, the insured amount of the seller should be 10% of the CIF price.
If the buyer and the seller have not agreed on specific risks, the seller only needs to get the minimum amount. If the buyer requests war risk insurance, the seller shall do so at the buyer's expense. When the seller can do so, it must be insured in the contract currency.
3.CFR is the abbreviation of cost plus freight, which means cost plus freight in Chinese. It means that the goods are delivered to the ship at the port of shipment, and the seller must pay the expenses required to transport the goods to the designated destination port. But the risk of goods is that they will be transferred when they are loaded at the port of shipment.