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Practical Freight Exercise (40 Marks) Canadian Tire, based in Canada has asked you "International Freight Forwarders" based in Toronto ON to coordinate the Garden Lamps shipments from Quanzhou Xuyuan Electron Co., Ltd based in China by air from the Quanzhou Xuyuan Electron Co., facilities in Fujiai, China to the Canadian Tire distribution centre in Brampton ON. Your job is to arrange local transportation from the Quanzhou Xuyuan Electron factoryto Fuzhou Changle International Airport, arrange international air transportation Fuzhou Changle International Airport to Pearson Airport and arrange local transportation from Pearson to Canadian Tire distribution centre in Brampton. Below is some information in regards to the shipment: Further you will calculate all of the costs associated with this shipment. Costs Charges Inland Pick up ACI Handing Charge Export Declaration Fee ORIGIN LOCAL CHARGES (China) Currency USD USD USD USD Fees $2,900 total $45 total $600 total $40 total Air China Rates (Buying Rate) & International Freight Forwarders Rate (Selling Rate All Tariffs are in USD (Rate payable by customer) (Rate Payable to the carrier) Airfreight Selling Rate in US$ Airfreight Buying Rate in US$. (LH) Minimum Charge: $75.00 Minimum Charge $50.00 -45 kgs. $6.00/kg -45 kgs $5.50/kg. +45 kgs $4.00/kg +45kgs $3.20/kg. +100kgs $3.50/kg +100 kgs. $2.90/kg +250kgs. $3.10/kg. +250 kgs. $2.60/kg +500kgs $2.85/kg +500 kgs. $2.20/kg. +1000kgs. $1.50/kg + 1000 kgs. $1.10/kg. Fuel Surcharge $0.15/Chargeable Weight Nav Can Charges $0.05/Chargeable Weight Nav Can Charges $0.05/Chargeable Weight Charges Handling Terminal Handling Customs Clearance Fees Delivery DESTINATION LOCAL CHARGES (CANADA) Currency Fees CAD $700 total CAD $0.03/Chargeable Weight CAD $24,105 total CAD $1,500 total Exchange Rate: US $1.00 = CAN $1.45 (Please present total costs in USD) Shipment Information Sellers Information: Quanzhou Xuyuan Electron Co., Ltd. No. 66, Yuantai Second Road, Licheng Dist, Quanzhour, Fujiai, China Export Manager: Sharon Cai Buyer Information: Canadian Tire - Brampton Distribution Centre 2111 Steeles Ave E., Brampton, ON L6T 4L5 Brampton Distribution Manager: James Strongberg wwwwwwwww Brampton Distribution Manager: James Strongberg IATA Freight Forwarder: International Freight Forwarders 286 Atwell Dr Unit 16, Toronto ON M9W 5B2 IATA Code 45-3689, Account No: 8451236 Freight Agent Name: Jenny Dorothy Cargo information: 1.) Cargo 1 Name: Solar Lights Outdoor 42 LED Solar Security Lights Solar Motion Sensor Lights Wireless IP 44 Waterproof Outdoor Wall light a. Number of Units/Cartons: 500 Master Cartons (12 Pieces per Carton) b. Weight per Unit/Cartons: 11 kg C. Dimensions: 29.11" x 15.07" x 13.87" 2.) Cargo 2 Name: Solar Cutout Sensor Light Outdoor-New Upgrade Solar Lights Outdoor, Motion Solar Lights Outdoor Waterproof a. Number of Units: 2,000 Units b. Weight per Unit: 0.250 Kg C. Dimensions: 10 X 6 X 18.1 cm 3.) Cargo 3 Name: Outdoor Solar Lights 30 LED Solar Security Lights with Motion Sensor Head Spotlights IP44 Waterproof Solar Light a. Number of Units/Cartons: 1,000 Master Cartons (12 Pieces per Carton) b. Weight perUnit: 15 kg C. Dimensions: 34.5" x 18.6" x 12.8" Main Carrier: Air China, IATA Code, 999, Flight No. CA8547, Flight Date: April 24th, 2021, John Wong Cargo Manager AWB No: 842-962-014 Airport Departure: Fuzhou Changle International Airport, Airport Code: FOC Airport Arrival: Toronto Pearson Airport ITATA CODE: YYZ Value of Carriage: $271,600 Value for Duty: $235,600 Insurance Value: Same as Carriage Value Handling Information: Call Mr. Jason Stathem Arrival in 416-555-6345 Rate Class: Quantity over 45 kg (100 lb) Rate(Q) Commodity HS Code: 94054090 Date Executed: April 22nd, 2021 in Fuzhou, China Exercise Cargo 1 Main Air Freight (7 Marks) Actual Gross Weight: Volume Weight: Chargeable Weight: Freight Amount (To Collect): Fuel Surcharge: Nav can Charge: Total money to Collected: 1 Cargo 2 Main Air Freight (7 Marks) Actual Gross Weight: Volume Weight: Chargeable Weight: - Chargeable Weight: Freight Amount (To Collect): Fuel surcharge: Nav can Charge: Total money to Collected: Cargo 3 Main Air Freight (7 Marks) Actual Gross Weight: Volume Weight: Chargeable Weight: Freight Amount (To Collect): Fuel surcharge: Nav can Charge: Total money to Collected: Items No of Pieces Actual Gross Weight Consolidation (6 Marks) Volume Weight Chargeable Weight Total Money to be Collected Freight Payable LH Shipment1 Shipment 2 Shipment 3 Total Profit made= Freight Collected/To be collected/A) Freight payable to the carrier(B) = (3 Marks) Calculate total charges (10 Marks) Currency Amount USD Charges ORGIN CHARGES Origin pick up fee ACI Fee Handling Charge Export Declaration Fee Air Freight Charges Total Freight to be collected Destination Charges Handling Terminal Handling Customs Clearance Fees Local Delivery Charges TOTAL FREIGHT CHARGES Practical Freight Exercise (40 Marks) Canadian Tire, based in Canada has asked you "International Freight Forwarders" based in Toronto ON to coordinate the Garden Lamps shipments from Quanzhou Xuyuan Electron Co., Ltd based in China by air from the Quanzhou Xuyuan Electron Co., facilities in Fujiai, China to the Canadian Tire distribution centre in Brampton ON. Your job is to arrange local transportation from the Quanzhou Xuyuan Electron factoryto Fuzhou Changle International Airport, arrange international air transportation Fuzhou Changle International Airport to Pearson Airport and arrange local transportation from Pearson to Canadian Tire distribution centre in Brampton. Below is some information in regards to the shipment: Further you will calculate all of the costs associated with this shipment. Costs Charges Inland Pick up ACI Handing Charge Export Declaration Fee ORIGIN LOCAL CHARGES (China) Currency USD USD USD USD Fees $2,900 total $45 total $600 total $40 total Air China Rates (Buying Rate) & International Freight Forwarders Rate (Selling Rate All Tariffs are in USD (Rate payable by customer) (Rate Payable to the carrier) Airfreight Selling Rate in US$ Airfreight Buying Rate in US$. (LH) Minimum Charge: $75.00 Minimum Charge $50.00 -45 kgs. $6.00/kg -45 kgs $5.50/kg. +45 kgs $4.00/kg +45kgs $3.20/kg. +100kgs $3.50/kg +100 kgs. $2.90/kg +250kgs. $3.10/kg. +250 kgs. $2.60/kg +500kgs $2.85/kg +500 kgs. $2.20/kg. +1000kgs. $1.50/kg + 1000 kgs. $1.10/kg. Fuel Surcharge $0.15/Chargeable Weight Nav Can Charges $0.05/Chargeable Weight Nav Can Charges $0.05/Chargeable Weight Charges Handling Terminal Handling Customs Clearance Fees Delivery DESTINATION LOCAL CHARGES (CANADA) Currency Fees CAD $700 total CAD $0.03/Chargeable Weight CAD $24,105 total CAD $1,500 total Exchange Rate: US $1.00 = CAN $1.45 (Please present total costs in USD) Shipment Information Sellers Information: Quanzhou Xuyuan Electron Co., Ltd. No. 66, Yuantai Second Road, Licheng Dist, Quanzhour, Fujiai, China Export Manager: Sharon Cai Buyer Information: Canadian Tire - Brampton Distribution Centre 2111 Steeles Ave E., Brampton, ON L6T 4L5 Brampton Distribution Manager: James Strongberg wwwwwwwww Brampton Distribution Manager: James Strongberg IATA Freight Forwarder: International Freight Forwarders 286 Atwell Dr Unit 16, Toronto ON M9W 5B2 IATA Code 45-3689, Account No: 8451236 Freight Agent Name: Jenny Dorothy Cargo information: 1.) Cargo 1 Name: Solar Lights Outdoor 42 LED Solar Security Lights Solar Motion Sensor Lights Wireless IP 44 Waterproof Outdoor Wall light a. Number of Units/Cartons: 500 Master Cartons (12 Pieces per Carton) b. Weight per Unit/Cartons: 11 kg C. Dimensions: 29.11" x 15.07" x 13.87" 2.) Cargo 2 Name: Solar Cutout Sensor Light Outdoor-New Upgrade Solar Lights Outdoor, Motion Solar Lights Outdoor Waterproof a. Number of Units: 2,000 Units b. Weight per Unit: 0.250 Kg C. Dimensions: 10 X 6 X 18.1 cm 3.) Cargo 3 Name: Outdoor Solar Lights 30 LED Solar Security Lights with Motion Sensor Head Spotlights IP44 Waterproof Solar Light a. Number of Units/Cartons: 1,000 Master Cartons (12 Pieces per Carton) b. Weight perUnit: 15 kg C. Dimensions: 34.5" x 18.6" x 12.8" Main Carrier: Air China, IATA Code, 999, Flight No. CA8547, Flight Date: April 24th, 2021, John Wong Cargo Manager AWB No: 842-962-014 Airport Departure: Fuzhou Changle International Airport, Airport Code: FOC Airport Arrival: Toronto Pearson Airport ITATA CODE: YYZ Value of Carriage: $271,600 Value for Duty: $235,600 Insurance Value: Same as Carriage Value Handling Information: Call Mr. Jason Stathem Arrival in 416-555-6345 Rate Class: Quantity over 45 kg (100 lb) Rate(Q) Commodity HS Code: 94054090 Date Executed: April 22nd, 2021 in Fuzhou, China Exercise Cargo 1 Main Air Freight (7 Marks) Actual Gross Weight: Volume Weight: Chargeable Weight: Freight Amount (To Collect): Fuel Surcharge: Nav can Charge: Total money to Collected: 1 Cargo 2 Main Air Freight (7 Marks) Actual Gross Weight: Volume Weight: Chargeable Weight: - Chargeable Weight: Freight Amount (To Collect): Fuel surcharge: Nav can Charge: Total money to Collected: Cargo 3 Main Air Freight (7 Marks) Actual Gross Weight: Volume Weight: Chargeable Weight: Freight Amount (To Collect): Fuel surcharge: Nav can Charge: Total money to Collected: Items No of Pieces Actual Gross Weight Consolidation (6 Marks) Volume Weight Chargeable Weight Total Money to be Collected Freight Payable LH Shipment1 Shipment 2 Shipment 3 Total Profit made= Freight Collected/To be collected/A) Freight payable to the carrier(B) = (3 Marks) Calculate total charges (10 Marks) Currency Amount USD Charges ORGIN CHARGES Origin pick up fee ACI Fee Handling Charge Export Declaration Fee Air Freight Charges Total Freight to be collected Destination Charges Handling Terminal Handling Customs Clearance Fees Local Delivery Charges TOTAL FREIGHT CHARGES