Question: Using the following information, answer the following 3 questions: A shipper has the following cargo and associated freight Costs: 2 x 40-ft containers said to

Using the following information, answer the following 3 questions: A shipper has the following cargo and associated freight Costs: 2 x 40-ft containers said to contain iPhone 12 Pro Max. Invoice value of each container: CAD1,235,000.00 Ocean freight Montreal to Port of Nagoya, Japan: JPY85,032/container Pre-carriage Ottawa to Montreal: CAD 2,125.00/container All risk marine premium rate at 0.35% The exchange rate is CAD1.00 = JPY82.06 How much is the estimated 120% CIF value? *

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