Flat Rates for Freight and Insurance
Use Singapore Customs’ flat rates for freight and insurance when actual costs for such components are unknown for imports under Free On Board Incoterms.
Last updated on 25 March 2026
When to Use It?
You may apply Singapore Customs’ flat rates for freight and insurance when:
The transaction value is quoted in Free On Board (FOB) Incoterms, and
The actual freight and insurance charges are not known or not available to the importer
These flat rates allow you to estimate freight and insurance costs as a percentage of the FOB value of the goods.
Flat Rates Table
The table below shows the applicable flat rates based on the place of export.
Place of export | Flat rate (% of FOB value) |
Africa, Canada and USA | 24.5% |
Europe | 19% |
Japan, Australia and New Zealand | 19% |
China, Chinese Taipei, Korea, Sri Lanka, India and Pakistan | 15.5% |
Myanmar, Thailand, Cambodia, Laos, Vietnam, Hong Kong, Philippines and Indonesia | 9.5% |
Peninsular Malaysia | 5% |
Definition of FOB Incoterms
Under FOB Incoterms:
The seller is responsible for:
Delivering the goods from their premises to the port of export
Loading the goods onto the vessel
Clearing the goods for export
Once the goods are loaded onto the vessel:
Ownership and risk of loss of the goods are transferred to the buyer
The buyer is responsible for:
Paying for all international freight, transportation and insurance charges from the point of loading
Clearing the goods and paying duties and taxes in Singapore