Landed cost is the total price of a product or shipment once it has arrived at a buyer's doorstep. It includes the original price of the product, transportation fees (both inland and ocean), customs, duties, taxes, tariffs, insurance, currency conversion, crating, handling and payment fees.

Landed Cost is a feature in Odoo that allows you to allocate additional costs incurred during the purchasing process to the product's cost price. This feature is useful when the cost of the product includes not only the purchase price, but also additional expenses such as transportation, customs duties, insurance, and other costs associated with the transportation of the product from the supplier's location to your warehouse.

Using Landed Costs, you can allocate these additional costs to the purchase order and distribute them proportionally among the products received. This will give you a more accurate cost of the product, which will help you to make better pricing and sales decisions.

In Odoo, you can create landed costs for a specific purchase order, or for a group of purchase orders. To create a landed cost, you can go to the Purchase module and select the "Landed Costs" menu item. From there, you can create a new landed cost and add the relevant expenses, such as shipping, insurance, and customs duties. Once the landed cost is created, you can allocate it to the products received and Odoo will automatically calculate the new cost of the products based on the landed cost expenses.

Landed Costs can be particularly useful for businesses that import goods from overseas, as they often incur additional costs that are not included in the purchase price. By using the Landed Cost feature in Odoo, these businesses can ensure that the true cost of the product is reflected in their accounting and inventory management systems.

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https://www.odoo.com/documentation/16.0/applications/inventory_and_mrp/inventory/management/reporting/integrating_landed_costs.html