A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the

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A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the buyer asks for unit price under CIFC5% New York. After checking with the insurer, the seller finds thst the All risks and the war risk rate are 0.5% and 0.04% respectively and the insured amount is 110% of the CFR price. What unit price should the seller quote in order to maintain the same margin?

Posted Date: Feb 23, 2022 02:17 AM

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A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the buyer asks for unit price under CIFC5% New York. After checking with the insurer, the seller finds thst the All...
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A chinese company offers an American buyer rice at US $2500 per M/T CFR New York, the

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Insurance cost total risk rate war risk rate 005 0000... View the full answer

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