The landed cost calculation or commonly known as LCC plays a very important role in logistics once it helps buyers find out and assess all costs associated with the shipment of goods. Today’s post is about our Landed Cost Calculation engine and the reasons why we believe our solution can benefit businesses by avoiding extra and unnecessary expenses when importing. Check out the main features of our LCC engine:
–
READ MORE: 3 Perks of Our Landed Cost Calculation Engine
–
The Landed Cost can be defined as the total costs of having a product shipped overseas, from the time of production until the moment the item is delivered to the customer. This cost is made up of all associated charges e.g. taxes, import duties, insurance, currency conversion, handling fees, etc. The landed cost calculation is essential for the international shipment of goods.
Our LCC solution offers excellent support on taxes calculation and product classification. The engine is ideal for traders who don’t know how to deal with all the burdens of customs regulations, new taxes, and trade agreement requirements as well as import duties calculation. Our solution helps minimize errors and therefore unexpected costs. It’s perfect for businesses that want to further expand their market internationally.
The main features of our LCC engine consider:
- Shipping Costs Calculation;
- Applicable Import Duties, including excise Duties;
- Taxes and Fees;
- Insurance;
- Currency Conversion;
- Handling Fees;
- Customs Brokerage.
Easily integrable to third-party systems, the Landed Cost Calculation engine can boost your business by bringing infinite international opportunities. If you are interested in our solution, subscribe to our blog and visit our website and LinkedIn page for more updates. You can also reach us out by sending a message to info@mydutycollect.com. We will be delighted to hear from you.