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5. The price quoted by an exporter was USD480 per case FOB Shanghai. The importe requested a revised quote for CIF Auckland. If the

5. The price quoted by an exporter was "USD480 per case FOB Shanghai". The importe requested a revised quote for CIF Auckland. If the freight was USD50 per case, 110% of the value was to be insured, and the premium rate for insurance was 0.8%, what would be the new price? cf= FOB+F 4807 80 : 50LL IL USD 504 444 per case CIF Auckland

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