Inco Terms & "Price" Incoterms Exercise Seller Shoe Manufacturer Based in Raleigh, NC Buyer Japanese Wholesaler Based in Tokyo Transaction 2,500 pairs of shoes Manufacturing Cost + Packaging $ 15.00 pair Calculate the price of the total transaction on the following bases: EXW Raleigh FOB Los Angeles CIF Yokohama DDU Tokyo DDP Tokyo Additional Information Customs Duties (CIF Based) 12% Ad Valorem CIF Price Insurance 1% Based on FOB cost Ocean Freight $2,000 per shipment USA Inland Freight $0.50 per pair of shoes Japan Inland Freight $1,000 per shipment Loading Charges $ included in the freight Unloading Charges $ included in the freight