Track Parcel Values and Rates to Generate Accurate Insurance Fees Effortlessly
For global e-commerce sellers and logistics managers, accurately calculating shipping insurance is crucial yet time-consuming. Manually assessing parcel value and applying insurance rates for each shipment leads to errors and inefficiencies. The CNFANS Spreadsheet
How the Automated Calculation Works
The core functionality of the CNFANS spreadsheet transforms raw data into precise insurance costs with a systematic workflow:
- Data Input Zones:Declared ValueInsurance Rate
- Automated Calculation Engine:=[Declared Value] * [Insurance Rate], is applied. For tiered rates, the
IFSVLOOKUP- Dynamic Fee Generation:
- Automated Calculation Engine:=[Declared Value] * [Insurance Rate], is applied. For tiered rates, the
Key Features & Benefits
- Real-Time Accuracy:
- Centralized Tracking:
- Scenario Analysis:
- Audit-Ready Records:
- Customizable Rules:
- Centralized Tracking:
Implementing Your Own System
You can build a similar automated tracker in any spreadsheet software:
| Parcel ID | Declared Value ($) | Insurance Rate | Calculated Insurance Fee ($) |
|---|---|---|---|
| USP-001 | 150.00 | 1.50% | 2.25(Formula: B2*C2) |
| USP-002 | 75.50 | 1.00% | 0.76 |
| USP-003 | 500.00 | 2.00% | 10.00 |
Pro Tip: Use conditional formatting to highlight high-value parcels or fees that exceed a certain threshold for quick review.
Conclusion
The CNFANS Spreadsheet