TOPIC 13 – COMPONENTS OF LANDED COST PART 1 (QUIZ)

A shipment of 200 cartons of clothes from Japan arrived at Port of Cebu and was filed for formal entry. The covering invoice shows total FOB value of $11,800.00 inclusive of packing and handling charges of $30.00. The bill of lading shows ocean freight charges of $1,700.00. The rate of exchange was P59.20/$1.00. How much is the brokerage fee inclusive of value-added tax?

• P6,066.46

• P6,794.44

• P6,068.73

• P6,796.98

A shipment of 750 cartons containing canned goods from US arrived at Port of Cebu. Each carton weighs 500 lbs. and was discharged via pierside. How much is the total arrastre charges, inclusive of value-added tax?

• P18,711.00

• P20,956.32

• P1,360.08

• P1,524.10

A shipment of bulk cargo from India arrived at Port of Cebu. The shipment shows total gross weight of 180,000 ounces. If the shipment was discharged via pierside, how much is the total wharfage dues, net of value-added tax?

• P173.40

• P194.21

• P86.70

• P97.10

A shipment of 30 boxes containing mobile phones from Japan arrived at NAIA and was covered by letter of credit with total CPT value of $28,700.00 inclusive of freight charges of $3,000.00 while the air waybill shows air freight charges of $3,100.00. Inclusive of value-added tax, how much is the total bank charge? Use rate of exchange P41.75/$1.00.

• P1,529.82

• P1,713.40

• P1,556.65

• P1,743.45

A shipment of 3 x 40’ vans, STC: spare parts from China arrived at South Harbor. The customs broker filed a warehousing entry with total dutiable value of P3,250,000.00 and later filed 4 partial withdrawal permits to withdraw all the goods declared in the warehousing entry. Determine the total brokerage fee to be billed to his client.

• P16,926.00

• P15,112.50

• P6,000.00

• P6,720.00

A shipment of 8 x 40’ vans containing auto parts from Korea arrived at South Harbor. Each container weighs 24,000 kilograms. How much is the total arrastre charges for assessment purposes?

• P68,408.00

• P76,616.96

• P21,120.00

• P23,654.40

A shipment of 15 x 20’ vans containing electrical tools from Singapore arrived at MICP. Each van weighs 15,000 kilograms. Inclusive of value-added tax, how much is the total wharfage dues?

• P11,685.75

• P13,088.04

• P7,790.25

• P8,725.08

A shipment of 500 cartons of fresh tuna with total dutiable value of P987,500.00 was being filed for exportation to USA. If exchange rate applicable at the time of lodgement of entry was P42.95/$1.00, how much is the total brokerage fee, value-added tax included?

• P6,284.38

• P7,038.50

• P3,142.19

• P3,519.25

An L/C shipment 3 units of truck from Japan arrived at South Harbor with CFR value of $7,500.00/unit. The covering invoice shows freight charges of $550.00/unit. The rate of exchange was P49.50/$1.00. Compute the bank charge, value-added tax included.

• P1,443.79

• P1,617.05

• P481.26

• P539.02

A shipment of 10 x 40’ vans containing vegetable fibers from China arrived at Port of Manila. Each container weighs 20,000 kilograms. How much is the total arrastre charges inclusive of value-added tax?

• P95,771.20

• P46,587.50

• P52,178.00

• P119,714.00