Question
A freight forwarder has a weekly consolidated service Mumbai-Marseille, with direct costs as follows: Ocean freight: US 1250.00/40-ft standard container Container loading in Mumbai: US
A freight forwarder has a weekly consolidated service Mumbai-Marseille, with direct costs as follows:
Ocean freight: US 1250.00/40-ft standard container
Container loading in Mumbai: US $10.00 per revenue ton.
Marseille unloading: 10.00 per revenue ton.
Exchange rate is 1.00 = US $1.06
From past experience, the marketing department has determined that they need to load 40 m3 of cargo into a 40-ft standard container to break even and be able to sell to their customers an all-inclusive rate of US $50.00 per revenue ton.
Based on the above shipment details, answer the following scenario: Last week they loaded 30 m3, 20000 kg in their consolidation. What was the profit/loss for this consolidation ?
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