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A Chinese company exported 2 1 5 metric tons of goods to Singapore, with price USD 1 8 0 per m t FOB Shanghai. After
A Chinese company exported metric tons of goods to Singapore, with price USD per FOB Shanghai. After signing the contract, the importer negotiated with the Chinese company to change the trade term to CIF due to their inconvenience to arrange the transportation and insurance. According to the consultation with the shipping company, the basic freight to Singapore is USD per FT in terms of weight and the port surcharge is The goods were insured for of the invoice value against all risks and war risk, the premium rate of each is and respectively.
Question: In order to get the same net revenue, how much should the Chinese exporter quote as the CIF price?
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