Q5) INCOTERMS 2020 Question

Azalea Bumbersnoot, the head buyer at the Canadian ministry of magic offices in Vancouver, is comparing prices for an order of 291 caldrons from three (3) different Romanian suppliers. (The 291 caldrons will fill a standard 20-foot container.) The problem is that the three (3) firms have not quoted prices the same way. (All of the caldron prices are in Golden Galleons/GG per caldron.) (The wizarding world uses INCOTERMS, in fact INCOTERMS are based on a centuries-old set of trade and transport rules first formulated by Godric Gryffindor in the 11th century CE.)

Firm A quoted EXW (Ex Works) Bucharest, Romania at 126.33 each. Firm B quoted FOB (Free On Board) Constanta, Romania at 125.48 each. Firm C quoted CIF (Cost Insurance Freight) Port of Vancouver, Canada at 160.06 each. Azalea is trying to compare the three prices and figure out what she is getting under each of the three terms. Hauling the container via a muggle trucking firm from the factory in Bucharest, Romania to the container port at Constanta, Romania, and getting it loaded onto the ship will cost 686.00 . (The current exchange rate is 5.65 . At the moment the EUR is worth less that the GG.) Ocean freight from Constanta, Romania to the Port of Vancouver, Canada is 10,200.00 per 20-foot container. For a shipment of this value, insurance is 470.40 . Which supplier offers the best deal?