Question
A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the buyer asks for unit price under CIFC5% New
A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the buyer asks for unit price under CIFC5% New York. After checking with the insurer, the seller finds thst the All risks and the war risk rate are 0.5% and 0.04% respectively and the insured amount is 110% of the CFR price. What unit price should the seller quote in order to maintain the same margin?
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Business Communication Process and Product
Authors: Mary Ellen Guffey
6th Edition
324578679, 9780324578683, 9780324542905, 176721258, 9780324578676, 324542909, 9780176721251, 978-0324542905
