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TDMT2203 Week 10 Lab Assignment Case study buyer in Calgary, Alberta purchased 540 pieces of drill bits from a seller in Tokyo, Japan. The coterm for this contract is CIF, Calgary rail terminal (Incoterm 2010). Each drill bit weights lbs and its package dimension measures 8x8x12". 90 drill bits are packed onto a skid measured x40x42" with 2300lbs per skid. An ocean freight consolidator offers land-bridge (Oceantrail) rvice between Yokohama port and Calgary rail terminal with LCL rate at USD$105 per CBM ith 2 CBM minimum charge. The inland trucking cost is USD$500 to move the cargo from the lipper to the consolidator's terminal. e commercial value of the cargo is USD$200,000. To protect the cargo during the ocean voyage, e shipper incurred USD$3000 to crate the skids. commercial insurance agent provided an insurance premium rate of 0.27% hat is the freight cost for this shipment? hat is the insurance cost for this shipment? hat is the CIF price for this contract