Question $23$

$10$

Points

A shipper has the following cargo and associated freight costs:

$4$ x $20$ft containers said to contain cell phones.

Invoice value of the cargo: CAD$$50,000\mathrm{.}00$

Ocean freight Montreal to Antwerp: USD$$650\mathrm{.}00/$container

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

All risk marine premium rate at $0\mathrm{.}31\%$

The exchange rate is USD$$1\mathrm{.}00=$CAD$$1\mathrm{.}30$

Calculate the Valuation $(100\%$ CIP value$)$ for this shipment.

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