The choice between FOB (Free On Board) and CIF (Cost, Insurance, Freight) is a strategic decision for any Senegalese importer — it directly impacts the customs value, and therefore the duties and taxes payable.
FOB — Free On Board
With FOB, the seller delivers the goods on board the vessel at the port of loading. The buyer handles sea freight and insurance. Customs value = FOB value + Freight + Insurance.
CIF — Cost, Insurance, Freight
With CIF, the seller includes freight and insurance to the destination port. Customs value = CIF value directly.
Impact on Senegalese customs duties
Senegal uses the CIF transaction value as the tax base. If your goods arrive under FOB, customs adds an estimate for freight and insurance.
