A shipper has the following cargo and associated freight costs:

 

  x ft containers said to contain cell phones. 

 

 Invoice value of the cargo: CAD$ 

 

 Ocean freight Montreal to Antwerp: USD$container 

 

 Precarriage Kingston to Montreal all in: CAD$container 

 

 All risk marine premium rate at  

 

 The exchange rate is USD$CAD$ 

 

 

 Calculate the Valuation  CIP value for this shipment. 

 

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