2024 PC REVIEW DAY 2 - INCOTERMS 2020 (Computation)

Shipment               :   2 x 40’, STC : Industrial Fans

Total Invoice Price     :   $ 37,500.00

Total Ocean Freight  :   $ 2,500.00 (collect)

Total Inland Freight  :   $ 210.00

Internal Insurance  :   $ 100.00 

Delivery by seller  :   on board vessel

Port of Loading         :   MICP, Manila

Port  of Discharge  :   Vietnam

FIND: INCOTERM USED BY SELLER

• FCA, Vietnam - $ 37,500.00

• FOB, Manila - $ 37,500.00

• CFR, Manila -  $ 40,000.00

• CPT, Vietnam - $ 40,310.00

Shipment                  :   1 x 40’, STC : 1,000 boxes – Various Wearing Apparel

Total Invoice Price   :   $ 29,325.00

Freight / BL               :   $ 1,100.00 (pre-paid)

Port of Loading        :   Port of Sicily, Italy

Port of Discharge     :   Port of Cebu

Marine Insurance     :   procured by seller

Handling Charges    :   $ 80.00

Delivery by Seller    :   warehouse of shipping lines

FIND: APPLICABLE INCOTERM

• FCA, Sicily - $29,245.00

• CFR, Sicily - $30,425.00

• CIF, Cebu - $29,325.00

• CIP, Cebu - $29,325.00

Shipment   :   500 cartons – Cosmetics

Total Invoice Price   :   $ 18,175.00

Total Air Freight   :   $ 1,400.00 (paid by buyer)

Packing Charges   :   $ 75.00

Port of Loading    :    Paris, France

Port of Discharge    :   NAIA

Delivery by Seller    :   Warehouse of Airlines

Port to Port Insurance   :    P 15,325.80

FIND: INCOTERM USED QUOTED BY SELLER

• CFR, Shanghai - $12,750.00

• CPT, NAIA- $19,575.00

• FCA, Paris - $18,175.00

• FOB, Paris - $18,175.00

Shipment   :   1 x 20’ STC – Emergency Lights

Total Invoice Price   :   $ 23,825.75

Inclusive of the ff :

-   Ocean Freight   :   $ 1,950.00 (pre-paid)

-Export Clearing    :   $ 180.00

-   Inland Frt   :   $ 300.00 (MICP to buyer’s warehouse in Malate unloaded by seller)

Other info:

Port of Loading   :   Belgium

Port of Discharge :   MICP, Manila

Import Duties / Taxes :  paid by buyer

FIND: INCOTERM USED & ITS TOTAL AMOUNT

• CFR, Manila - $25,775.75

• DAP, Malate - $23,825.75

• CPT, Manila - $25,775.75

• DPU, Malate - $23,825.75

Shipment   :   40 metric tons – Steel Billets

Total Invoice Price  :   $ 43,684.00

Inclusive of the ff:

- Total Ocean Freight   :   $ 3,150.00 (pre-paid)

- Origin Inland Freight :   $ 550.00

-Marine Insurance   :   $ 425.00

Other Info:

Delivery by Seller  :   onboard vessel

Port of Loading  :   Moscow, Russia

Port of Entry  :   SH, Manila

FIND: INCOTERM PER SELLER’S INVOICE PRICE

• CIP, Manila - $43,684.00

• CFR, Manila - $40,534.00

• CFR, Moscow - $40,534.00

• CIF, Manila - $43,684.00

Shipment : 1 x 20’, STC: Various Truck Parts

Total Inv. Price  :  $ 26,815.00

Inclusive of the ff:

- Export clearing  :  $ 150.00

- Origin Inland Frt  :  $ 175.00

- Main Carriage  :  $ 1,975.00

- Port to port Ins.  :  $ 275.00

Find: Total EXW Value if delivery by seller was made on board vessel

• $ 24,090.50

• $ 24,065.50

• $ 24,240.50

• $ 24,840.50

Shipment  -  1 x 20’ STC : Paint thinner

Total Inv. Value -  $ 16,520.00

Inclusive of the ff.:

Marine Insurance   -  4% of total FCA

Ocean Freight  -  8% of total FCA

Export clearing -  2% of total EXW

Find: Total EXW Value

• $ 13,250.00

• $ 14,000.00

• $ 14,460.78

• $ 14,750.00

Shipment  :  Dangerous goods

Total Invoice Price : $ 38,637.00

Inclusive of the following:

-Main Carriage  :  6% of total FCA

-Origin LCL Charges   :   $ 150.00

Other Info:

-Port to Port Ins. :   Paid by the buyer

-Delivery by seller :   Custody of Carrier

Find: Total FCA Value

• $ 36,250.00

• $ 36,525.00

• $ 36,450.00

• $ 36,750.00

Shipment  :   1 x 40 van, STC: Kerosene in drums

Total CIF  :   $ 41,490.00

Freight / Invoice :   $ 2,750.00

Freight / BL  :  $ 2,820.00

Pre-carriage :   $ 325.00

Marine Ins    :   4% of total FOB

FIND: TOTAL EXW VALUE

• $ 36,925.00

• $ 37,655.39

• $ 37,586.76

• $ 36,857.69

Shipment   :   500 drums – Dolomite

Total CIP   :   $ 33,860.00

Ocean Frt Rate per B/L :   $ 40.00 per cubic meter

Total Volume :  2,500 cu feet

Freight / Invoice :   $ 2,750.00

Port to port Ins.  :   2% of total FCA

FIND: TOTAL FCA VALUE

• $ 30,500.00

• $ 31,900.00

• $ 33,176.00

• $ 38,678.00