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A shipper has the following cargo and associated freight costs: What is the insurance premium on this cargo (based on 115 % of CIP value)

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A shipper has the following cargo and associated freight costs: What is the insurance premium on this cargo (based on 115 % of CIP value) 3 x 20-ft containers, contains Canadian apples Total Value of the shipment: CAD 50,000 Ocean freight Halifax to Amsterdam: US $800.00/container Trucking Niagara Falls to Halifax all in: CAD 1320.00/container Ocean insurance premium rate at 0.48% The exchange rate is US $1.00 = CAD 1.25

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