ocean freight rate

Ocean freight broadly may be divided into ()

A． tramp freight rate

B． Non-conference liner freight rate

C．liner freight rate

D． NVOCC freight rate

Ocean freight rate may be broadly divided into()

A． tramp rates

B． liner freight rates

C． class rates

D． general cargo rates

A.A. Tramp rate including( ).

B.B. fixed cost

C.C. variable cost

D.D. insurance cost

E.E. fuel cost

es．Tramp rate including（）．

costs and carrier's profit. The carrier also consider storage factor, distance and Inputs such as currency adjustment factor (FAC)and banker adjustment factor (BAF) etc. As usually, ocean freight rate including various surcharge as belows:( ).

A. CAF B. BAF C. Commission D. H/C

With the following information, please quote the unit price on CFRC3 and CIFC3 basis (in USD per set) respectively. Jiqing Export Company offered 400 dozen mens down jackets to an American company. The jackets were purchased at CNY 225 per piece (13% VAT included, tax refunded at the rate of 13%). The charges and expenses involved in the whole transaction included: Inland transport charge: CNY 1200 Commodity certification charge: CNY 200 Export clearance charge: CNY 100 Warehousing charge: CNY 500 Other charges: CNY 700 Ocean Freight: USD 1,020 from Qingdao to NEW YORK Commission: 5% of invoice value Insurance should be covered for 110% of the invoice value at the rate of 0.6%. The expected profit was 10% of the invoice value and the current foreign exchange rate is CNY 7.00/USD.

Jinqi Trade Co., Ltd. offered a 20' container of table wares to a Canada company. The table wares are packed in cartons of 4 sets each and a 20' container can hold around 520 cartons. The wares were purchased at RMB 150.00 per set (16% VAT included, tax refunded at the rate of 13%). The wares were purchased with loan from bank for 90 days at the annual rate of 4.8%. The expected expenses for inland transport, inspection and custom clearance for export, warehousing and other charges are CNY 900.00, CNY 200.00, CNY 950 and CNY 1,300 respectively. Bank charges at 0.5% of the invoice value. Ocean freight for a 20' container is USD 1,250.00 from Dalian to Vancouver. Insurance is to be effected for 110% of the invoice value, and the premium rate is 0.6%. The expected profit was 10% of the sale price and the current foreign exchange rate is CNY 6.50/USD. (1) Please calculate the CIF price for Company A. (2) Please write down the unit price in English.

China's Company A intends to make a selling offer for 1,000 pieces of men's shirts, 100% cotton, with 5% commission included, under CIF Los Angeles. The shirts will be purchased from a domestic supplier at CNY 76.00 per set (included 13% VAT). Tax will be rebated at 13% for export. The shirts are to be purchased with loan from bank for 60 days at the annual rate of 5%. The expected expense for domestic transport, inspection, custom clearance, port affairs, public relations are CNY 1,200, CNY 200, CNY 100, CNY 1,200, and CNY 1,000 respectively. Bank charges at 0.5% of the involved amount in international settlement. Ocean Freight and insurance premium for each piece are USD 1.45 and USD 0.6 respectively. The expected profit on sales is 10%. The exchage rate is CNY 7.12 for each US dollar. (1) Please calculate the price for Company A. (2) Please write down the unit price in English.

Irrevocable documentary credit

Number: LC123-258866

Date: August 24,2003

Date and place of expiry : October 30, 2003, Qingdao, China

Advising bank: Bank of China

Beneficiary: China XYZ import and export corp.

Applicant: UVW corporation.

Total amount: USD9000 （SAY US DOLLARS NINE THOUSAND ONLY）

Shipment from: Qingdao China

To: Osaka Japan

At the latest: October 15, 2003

Description of goods: 100% Cotton Towel as per S/C No. CH200

Total quantity: 8000 pieces packing: 800 Cartons

Total gross weight: 20000 KGS

Total measurement: 30CBM

Price term: CIF Osaka

Following documents required:

+Signed commercial invoice in three copies.

+Full set of clean on board ocean bill of lading made out to order and endorsed in blank and marked “freight prepaid” and notify applicant.

+Insurance policy for 110 PCT of the invoice value covering the Institute Cargo Clauses （A）, the Institute War Clauses.

Ocean Vessel: “Golden Star” Voy. No.: 018E

Container No GSTU3156712/20’

Marks & Nos : ITOCHU OSAKA NO.1-800

Laden on board the vessel : October 14,2003

B/L date: October 14,2003

B/L signed by BBB shipping agency

Carrier: AAA Shipping Co.

Shipper

（1） Consignee

（2） Notify Party

（3） Pre-carriage by Place of Receipt

Ocean Vessel Voy. No. Port of Loading

（4） （5） Port of Discharge Place of Delivery

（6）

Container

No.

（7） Seal No.

Marks & Nos.

（8） No. of Containers

or P kgs

（9） Kinds of Packages; Description

of Goods

（10） Gross Weight

kgs

（11） Measurement

TOTAL NUMBER OF SAY ONE CONTAINER ONLY

CONTAINER OR PACKAGES （IN WORD）

Freight & Charge

（12） Revenue Tons Rate Per Prepaid Collect

Ex. Rate. Prepaid at Payable at Place and date of lssue（13） Total Prepaid No. of Original B（s）/L

（14） Signed for Carrier,

（15）

LADEN ON BOARD THE VESSEL

DATE

（TERMS PLEASE FIND ON BACK OF ORIGINAL B/L）