Question: This is the same scenario as in the previous slide. A shipper has the following cargo and associated freight costs: 8 x 40-ft containers said

This is the same scenario as in the previous slide. A shipper has the following cargo and associated freight costs: 8 x 40-ft containers said to contain computers and computer accessories. Invoice value of the goods: CAD $200,000.00 Ocean freight Montreal-Hamburg per container: US $750.00 Pre-carriage Toronto to Montreal all in, per container: CAD $250.00 All risk marine premium rate: 0.45% Exchange rate: US $1.00 = CAD $1.10 Based on your previous calculation, what is the insurance premium (the amount paid for insurance) on this cargo? Select one answer. CAD $1,035.92 CAD $1,036.75 5 CAD $1,037.22 CAD $1,045.99

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