One of the most common points of confusion for Korean exporters shipping products to Canada is whether customs duties are calculated based on FOB (Free on Board) or CIF (Cost, Insurance, and Freight) value.While many exporters prepare quotations using FOB pricing, the Canada Border Services Agency (CBSA) assesses import duties based on the CIF value, which includes the product cost, shipping, and insurance. Understanding this difference is crucial for accurate cost estimation
