Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

its very difficult for me.To doing this some. TDMT2203 Week 10 Lab Assignment Case study buyer in Calgary, Alberta purchased 540 pieces of drill bits

its very difficult for me.To doing this some.image text in transcribed

TDMT2203 Week 10 Lab Assignment Case study buyer in Calgary, Alberta purchased 540 pieces of drill bits from a seller in Tokyo, Japan. The ncoterm for this contract is CIF, Calgary rail terminal (Incoterm 2010). Each drill bit weights 51bs and its package dimension measures 8x8x12". 90 drill bits are packed onto a skid measured 8x40x42" with 2300lbs per skid. An ocean freight consolidator offers land-bridge (Ocean+rail) ervice between Yokohama port and Calgary rail terminal with LCL rate at USD$105 per CBM ith 2 CBM minimum charge. The inland trucking cost is USD$500 to move the cargo from the hipper to the consolidator's terminal. The commercial value of the cargo is USD$200,000. To protect the cargo during the ocean voyage, he shipper incurred USD$3000 to crate the skids. commercial insurance agent provided an insurance premium rate of 0.27% What is the freight cost for this shipment? What is the insurance cost for this shipment? What is the CIF price for this contract

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Economics

Authors: N. Gregory Mankiw

5th Edition

0324590024, 9780324590029

More Books

Students also viewed these Economics questions