Which price is the cheapest? Show your work. What is the total cost (or the price only) of all of the options?

You are buying lumber from sawmills in Chile. The lumber will go through the port of San Antonio (near Santiago, Chile) and go to the port in Los Angeles and then be transported by truck to a warehouse in LA. Same quality, same delivery time. CFR price does not include insurance. Which price is the cheapest?

EXW- $45,000, FAS- $45,500, FOB- $49,000 CFR- $56,000 DDU- $58,000, DDP- $59,500.

Information do you need to compare the prices: Delivery, insurance and duties costs

Transport to Port of San Antonio and unload on the dock $700

Load onto vessel $200

Transport to Los Angeles (including unloading) $8,000

Truck transport to warehouse $900

Insurance $600 and Duties $1,500