1.ABX Company concluded a transaction at USD 50 per case FOB Kobe. The British counterpart asked for CIF London price. Suppose the measurement of each case was 45cm*40cm*25 cm and gross weight for each case was 35kg. Freight basis was W/M and the carriage was USD120 per case, plus 20% Additional on Direct and 10% Port Surcharge. Insurance rate was 0. 5% and markup rate was 10%.
What would be the CIF price?
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