Why would a ten percent uplift be included

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Reference no: EM134007076

Problem

Herbal Haircare Inc. is buying a container of shampoo from a manufacturer in Vietnam. The sales contract is being set up as Cost, Insurance and Freight (CIF) plus 10 percent for the basis of valuation. Get the instant assignment help. If the basis of valuation already includes the full indemnity of the cost, insurance, and freight costs of the import, why would a 10 percent uplift be included?

Reference no: EM134007076

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