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Question $38$ of $38$

A shipper has the following cargo and associated freight costs:

$540-$ft containers said to contain electronic parts.

Invoice value of the goods: CAD $$100,000\mathrm{.}00$

Ocean freight Montreal$-$Antwerp per container: US $$600\mathrm{.}00$

Pre$-$carriage Toronto to Montreal all in$,$ per container: CAD $$200\mathrm{.}00$

All risk marine premium rate: $0\mathrm{.}45\%$

Exchange rate: US $$1\mathrm{.}00=$CAD$$1\mathrm{.}20$

Based on your previous calculation, what is the insurance premium $($the amount paid for one answer.

CAD$$104\mathrm{.}60$

CAD$$I^{4}16\mathrm{.}58$

CAD$$470\mathrm{.}70$

CAD $$520\mathrm{.}10$

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