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You are the expott manager for a manufacturer of industrial lubricant based in Tuscaloosa. You have received an inquiry from a potential buyer in Japan.

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You are the expott manager for a manufacturer of industrial lubricant based in Tuscaloosa. You have received an inquiry from a potential buyer in Japan. Prepare the export quotation worksheet below, based on this information. A single barrel costs $500; the forcign buyer has requested 50 barrels. The inland freight and domestic handling from Tuscaloosa to the port of Long Beach, California is $900. Loading on vessel is $225 and the ocean freight is $3,000. The marine insurance is calculated as $4.00 for every $1,000 of the Cost + Freight total (CFR). The import tariff to clear the merchandise through Japanese customs is 7.5% of the CIP value. There is also a foreign goods label tax of 10% calculated on yhe total value of the product including the CIF value plus the tariff amount. It will cost $810 to move the barr 1 s from the port in Yokohama, Japan to the warehouse of the buyer near Tokyo. You must show the price for the entire shipment and the per unit price on one barrel for the Incoterms EXW, FAS, FOB, CFR, CIF and the price at the warchouse near Tokyo

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