Question
Calculate the insurance premium at CIF (Cost, Insurance and Freight) plus 10% for the following shipment 95 crates of automotive parts valued at US$ 18,000.00
Calculate the insurance premium at CIF (Cost, Insurance and Freight) plus 10% for the following shipment
95 crates of automotive parts valued at US$ 18,000.00
Weight of the shipment is 1,600kg
Volume of the shipment is 7.5 m3
Ocean Freight is US$ 95 /m3/MT
Premium rate is 0.27%
Demonstrate your calculations.
1m3= 1,000kg
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The Legal Environment of Business Text and Cases
Authors: Frank B. Cross, Roger LeRoy Miller
10th edition
1305967305, 978-1337516051, 1337516058, 978-1305967304
