Đặng Nguyễn Phương Uyên_ 723H0341
Exercise 1: Calculate FOB, CFR, CIF, and DDP price per product
FOB = 200 + 2 + 8 + 3 + 3 = 216 (USD/product)
CFR = 216 + 30 = 246 (USD/product)
CIF = CFR + insurance cost = 246 + (0.5%*246) = 247.23 (USD/product)
Import tax = 109%*CIF = 269.48 (USD/product)
DDP = 269.48 + 4 + 10 + 247.23 = 530.71 (USD/product)
Exercise 2: Choose the best quotation
Quotation 1: CIF = 2.465$
Quotation 2:
CIF = 2,500 + 75 = 2,575 (USD/MT)
Insurance cost = 0.25%*2,575 = 6,44 (USD/MT)
Total CIF = 2,500 + 75 + 6,44 = 2581,44 (USD/MT)
Interest Rate for 2 months = 2%
Interest Rost = 2%* Total CIF = 51,63 (USD/MT)
Total Cost = 51,63 + 2,581.44 = 2,633.07 (USD/MT)
Quotation 1 is the better option. (2,465 < 2,633.07)
