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Calculate the insurance premium at CIF plus 1 0 % for the following shipment: 1 0 0 cartons valued US$ 1 5 , 0 0

Calculate the insurance premium at CIF plus

10 %

for the following shipment:

100

cartons valued US$

15, 000.00 .

Chargeable Weight of

200

Freight rate of US$

15.00 /

Premium rate of

0.28 %

Show your calculations for full marks.

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