$4$ x $40-$ft containers said to contain mobile phones.

The invoice value of the cargo: CAD $100,000\mathrm{.}00$

Ocean freight Montreal to Bremerhaven: US $$700\mathrm{.}00/$container

Pre$-$carriage Kingston to Montreal all in: CAD $100\mathrm{.}00/$container

All risk marine premium rate at $0\mathrm{.}35\%$

The exchange rate is US $$1\mathrm{.}00=$ CAD $1\mathrm{.}3$

Based on the above information, what is the $110\%$ CIP value?

Question $5$ Answer

a$.$

CAD $104000$

b$.$

CAD $103,640\mathrm{.}00$

c$.$

CAD $150000$

d$.$

CAD $114,844\mathrm{.}55$