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Calculate the new cif price

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Reference no: EM131933279

Problem

Original quotation made by exporter A for article X is USD 1200 per m/t CFR Rotterdam. Suppose the importer asks for CIF price, insurance to be made for 110% of the invoice value against All Risks and War Risk (premium rate for each is 0.65% and 0.04% respectively). Calculate the new CIF price.

Reference no: EM131933279

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