1. A manufacturer in Laguna produces export quality semiconductors for export in Japan, however some of its raw materials were bought in Shanghai, China. In the recent purchase of raw materials for production, the buyer placed an order having an invoice value of $15,000. The marine insurance and freight charges constituting to an amount equivalent to 13% of the invoice value was paid by the manufacturer in Laguna. The buyer cleared the goods on customs clearance and procured domestic insurance and transport from Port of destination to the buyer's warehouse. Determine the applicable incoterm and its value. 2. Batangas Customs Brokerage Corporation imported one hundred (100) cartons of bolts and paid for the marine insurance of USD153.00 which represents the two percent (2%) of the FOB value, and other charges amounting to USD150.00 which is the 2% of the EXW value. If the said shipment has a total volume of 3.50 cubic meter and freight rate of USD5.00 per cubic feet, how much is the Cost, Insurance, and Freight Value of the shipment? 3. Exporter with principal place in Quezon City doesn't want to be bothered with customs documentation and releasing formalities at Port of Manila, so he instructed his buyer in Kuala Lumpur, Malaysia to pick up his shipment at their factory in Las Pinas with an EXW value $ 15,000.00 brought to POM buyer pay for terminal handling charges $ 40.00 the B/L shows freight collect $ 400.00. Determine the applicable incoterm and its value. 4. A shipment of coffee shop supplies from Australia had a CIF value of US$22,848.00. If the other charges and freight is found to be 2% of ex works and 10% of FOB values, respectively, determine the following; a. EXW value- b. FOB value- c. FRT charge- d. INS premium- 5. The combined values of a shipment for ex works and insurance premium amounted to US$7,920.00. If the CIF value and other charges paid were at US$9,000.00 and 3% of FOB, respectively, find the following