Your company, Eggs Unlimited (Pty) Ltd., situated in Port Elizabeth, has received an enquiry from a distributor, Kien-Xuong Trading Co. Ltd. in Hong Kong, requesting a CIP Hong Kong quotation in US dollars for two 20 ft/6 m insulated container loads of fresh eggs for shipment in September. The eggs are brushed with vegetable oil to keep them fresh and are packed in quantities of 30 dozens per specially designed carton, measuring L565mm x W290mm x H305mm and weighing 21kg inclusive of eggs. To cater for the modern conveyor handling system of this potential Hong Kong buyer, the cartons are packed loose in rows of 4W x 19L and stacked 7 high per container. The ex-factory price, including packing, is R5.50 per dozen eggs and the PPECB (eggs are perishable) charges Eggs Unlimited 15 cents per kg for inspection at source. The product is subject to a health certificate and the cost of R175.00 for obtaining it is directly incurred by the company. Payment is to be made on the basis of an irrevocable L/C at 90 days and Credit Guarantee (CGIC) will provide credit insurance cover for the invoice value at a premium of 1,85%. A commission of 4% of the FCA value will be due to the overseas agent while financing is available at the bank's prime interest rate of 15,5% per annum. Charges for delivery of the empty containers and collection of the full containers including transport to the Port Elizabeth terminal have been quoted at R980.00 per container with export cargo dues and the terminal handling charge at R892.00 and R855.00 per container respectively. Freight quoted per container is USD 1320.00 + 43,6% BAF and your freight forwarder will charge a documentation fee of R600.00, an agency handling fee of 5,25% of disbursements, a CTO (container terminal order) fee of R225.00 per container and sundries amounting to R80.00. Other charges to be incurred by the freight forwarder on your behalf comprise a bill of lading issue fee at USD 20.00 and a carrier release fee of R190.00. The marine insurance premium for this particular shipment under your company's open policy will be 5,25% of (CIP + 10%). Exchange rates: Selling: USD 1,00 = ZAR 7,8435 Buying: USD 1,00 = ZAR 7,7325 CIP HONG KONG Ex-factory price PPECB charges Delivery/collection of containers Terminal handling charge (THC) Export cargo dues B/L issue fee: USD 20 x Carrier release fee CTO fee Forwarder's agency fee: 5,25% of disbursements Documentation fee Health certificate Sundries Credit insurance: .......% of CIP Financing: 90 days @ .% p.a. = ......% of CIP Agent's commission: 4% of FCA Total FCA value Estimated FCA amount Known FCA amount (1) Known FCA amount (2) @ Ocean freight: USD BAF @ Total CPT Marine insurance: 5,25% of (CIP + 10%) = ........% of CIP Total CIP Estimated CIP amount Known CIP amount Percentages: Disbursements Delivery/collection of container Terminal handling charge (THC) Export cargo dues B/L issue fee Carrier release fee CTO fee Ocean freight BAF FF Agency fee: 5,25% of unit price per carton of fresh eggs: Your company, Eggs Unlimited (Pty) Ltd., situated in Port Elizabeth, has received an enquiry from a distributor, Kien-Xuong Trading Co. Ltd. in Hong Kong, requesting a CIP Hong Kong quotation in US dollars for two 20 ft/6 m insulated container loads of fresh eggs for shipment in September. The eggs are brushed with vegetable oil to keep them fresh and are packed in quantities of 30 dozens per specially designed carton, measuring L565mm x W290mm x H305mm and weighing 21kg inclusive of eggs. To cater for the modern conveyor handling system of this potential Hong Kong buyer, the cartons are packed loose in rows of 4W x 19L and stacked 7 high per container. The ex-factory price, including packing, is R5.50 per dozen eggs and the PPECB (eggs are perishable) charges Eggs Unlimited 15 cents per kg for inspection at source. The product is subject to a health certificate and the cost of R175.00 for obtaining it is directly incurred by the company. Payment is to be made on the basis of an irrevocable L/C at 90 days and Credit Guarantee (CGIC) will provide credit insurance cover for the invoice value at a premium of 1,85%. A commission of 4% of the FCA value will be due to the overseas agent while financing is available at the bank's prime interest rate of 15,5% per annum. Charges for delivery of the empty containers and collection of the full containers including transport to the Port Elizabeth terminal have been quoted at R980.00 per container with export cargo dues and the terminal handling charge at R892.00 and R855.00 per container respectively. Freight quoted per container is USD 1320.00 + 43,6% BAF and your freight forwarder will charge a documentation fee of R600.00, an agency handling fee of 5,25% of disbursements, a CTO (container terminal order) fee of R225.00 per container and sundries amounting to R80.00. Other charges to be incurred by the freight forwarder on your behalf comprise a bill of lading issue fee at USD 20.00 and a carrier release fee of R190.00. The marine insurance premium for this particular shipment under your company's open policy will be 5,25% of (CIP + 10%). Exchange rates: Selling: USD 1,00 = ZAR 7,8435 Buying: USD 1,00 = ZAR 7,7325 CIP HONG KONG Ex-factory price PPECB charges Delivery/collection of containers Terminal handling charge (THC) Export cargo dues B/L issue fee: USD 20 x Carrier release fee CTO fee Forwarder's agency fee: 5,25% of disbursements Documentation fee Health certificate Sundries Credit insurance: .......% of CIP Financing: 90 days @ .% p.a. = ......% of CIP Agent's commission: 4% of FCA Total FCA value Estimated FCA amount Known FCA amount (1) Known FCA amount (2) @ Ocean freight: USD BAF @ Total CPT Marine insurance: 5,25% of (CIP + 10%) = ........% of CIP Total CIP Estimated CIP amount Known CIP amount Percentages: Disbursements Delivery/collection of container Terminal handling charge (THC) Export cargo dues B/L issue fee Carrier release fee CTO fee Ocean freight BAF FF Agency fee: 5,25% of unit price per carton of fresh eggs