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1. Your company decides to buy glassware from Poland on EXW terms. Your freight forwarder Sam quotes you transport prices of:

Forwarding fee Euros 25 per shipment

Precarriage Poland-Port of Hamburg Euros 1250 per container

Ocean freight Hamburg-terminal Chicago $2800 per container

Bunker Fuel $280 per container

ISF security fee $50 per container

Delivery charges $425 per container

Inland fuel surcharge 25% of delivery cost

If one Euro is worth $1.25 at the time of shipment, what is the transportation cost for one container?

Suppose the EU announces a new stimulus plan, and the Euro rises against the dollar as investors sell dollars and buy Euros. The new exchange rate is one Euro = $1.40 dollars. What will be the updated transport cost?

Given that your companys buying terms are EXW, what other costs should you plan for when budgeting the importation?