2024 PC REVIEW DAY 2 - INCOTERMS 2020 (Computation)
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
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
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