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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.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92771935

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