How do to calculate the insurance cost for each product when shipping by sea? CL cost is 1.4% of product value and LCL cost is 1.6% of product value.

 

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Conf Sea Spa Treatment Table Patient Monitor Patient Bed Ultra-Sound System FOB Price CIF Price $2,399 $2,880 $2,075 $2,500 $2,085 $2,750 $10.500 $11,500 2% off CIF $2,822.40 $2,450.00 $2,695.00 $11,270.00 Ship Vol. Cubic-ft 27 1 57 4 Kg/unit 500 8 300 50 Annual Volume 20,700 34,650 14,400 27,720 CL Vol 70% 14490 24255 10080 19404 Conf Sea Spa Treatment Table Patient Monitor Patient Bed Ultra-Sound System FOB Price CIF Price $2,399 $2,880 $2,075 $2,500 $2,085 $2,750 $10.500 $11,500 2% off CIF $2,822.40 $2,450.00 $2,695.00 $11,270.00 Ship Vol. Cubic-ft 27 1 57 4 Kg/unit 500 8 300 50 Annual Volume 20,700 34,650 14,400 27,720 CL Vol 70% 14490 24255 10080 19404

Answer rating: 100% (QA)

SOLUTION To calculate the insurance cost for each product when shipping by sea we need to use the given information about the FOB price CIF price and ... View the full answer