NOTE: Answer the following questions correctly provide the solution used.

Answer in a separate sheet of

1. Mr. X imported 10,000 pieces of glass flasks from Glassmate Inc. the two agreed with the unit price of $.45
to be delivered to Mr. X’s nominated carrier. Also in the invoice price is the freight amounting to 20% of the
customs value. Determine the correct incoterm used and the contract price.

2. A buyer from Japan imported 2 tons of fresh mangoes from a seller in Zambales. Buyer instructed the seller
to procure for the freight and insurance amounting to $400 and $450 respectively along with the agreed
customs value of $10,000. included in the contract price was the packing charges amounting to $300
respectively assuming that the exworks value was $.35 per kg. What is the correct incoterm with the
corresponding location used and the value reflected on the invoice?

3. A shipment of sulphur arrived at the port of Subic as declared in the transport documents the CFR value was
$25,000 while the declared freight per entry was $5,000 and freight per bill of lading was $5,100. Determine
the Dutiable Value. Use exchange rate of P50.

4. Compute for the dutiable value of a shipment with a CIF value of $12,000. Freight per entry was at $300 and
the Freight per AWB was $500. Use exchange rate of P51.50.

5. Compute for the total Bank Charge if the total brokerage fee was P11,300 VAT inclusive.

6. What is the Dutiable value of a shipment with a combined amount of bank charge and brokerage fee was
P11,256 VAT inclusive.

7. Mr. Y imported 7,000 units of cellular phones from Connect Inc. the two agreed with the unit price of $15 to
be delivered on board the vessel nominated by Mr. Y. Also in the invoice price is the freight amounting to 20%
of the customs value. Determine the correct incoterm used and the contract price.

8. A shipment of glass ware arrived at the port of Davao as declared in the transport documents the FOB value
was $30,000 while the declared freight per entry was $2,000 and freight per bill of lading was $2,100.
Determine the Dutiable Value. Use exchange rate of P50.

9. What is the Dutiable value of a shipment with a combined amount of bank charge and brokerage fee was
P13,000 VAT exclusive.

10. Compute for the customs duties if the total brokerage fee was P12,550 and the rate of duty is 4%.

11. A buyer from Switzerland imported 100 kg of gold ores from a seller in Bataan. Buyer instructed the seller
to procure for the freight amounting to $400 along with the agreed customs value of $20,000. Included in the
contract price was the packing charges amounting to $500 respectively assuming that the exworks value was
$80 per kg. What is the correct incoterm with the corresponding location used and the value reflected on the
invoice?

12. A shipment of office supplies arrived at the port of Manila as declared in the transport documents the FCA
value was $15,000 while the declared freight per entry was $4,000 and freight per bill of lading was $3,100.
Determine the Dutiable Value. Use exchange rate of P50.
13. Compute for the combined amount of bank charge and brokerage fee of a shipment of general cargo with a
CFR value of P20,000 with freight amounting to $300. Use exchange rate of P50.

14. The National Food Authority imported 300 sacks of rice with a CFR value of $50,000 the declared freight
used was $5,500 determine the total CIF value used.

15 The National Food Authority imported 300 sacks of rice with a CFR value of $50,000 the declared freight
used was $4,500 determine the total CIF value used.

16. Mr. T chartered a vessel with a contract price of $300 carrying 40,000 sacks of bell peppers from India with
an FOB value of $50,000 determine the total CIF value to be used.

17. Mr. C imported 2x20’ containers with a total FCA value of $50,000 the declared freight was $500 while the
International air transport association rate was $900. Determine the total CIP value if the insurance was $350.

18. Mr. C imported 2x20’ containers with a total FOB value of $30,000 the declared freight was $650 while the
gross conference rate was $950. Determine the total CIF value if the insurance was $250.

19. A shipment of 2 x 40’ refrigerated containers arriving from Xiamen, China was unloaded at the Port of Subic
determine the dutiable value if the CFR value was $60,000 the covering invoice showed that the freight used
was $3,000 however no certification from the shipping lines were presented assume that the insurance
amounted to $300 and use exchange rate of P50.

20. A shipment of 3 x 20’ refrigerated containers arriving from Singapore was unloaded at the Port of Manila
derive for the CIF if the customs value was $15,000 the covering invoice showed that the freight used was
$2,700 certification from the shipping lines were presented assume that the insurance amounted to $200.

21. A shipment of 1 x 40’ reefer container arriving from Hong Kong was unloaded at the Port of Cebu
determine the dutiable value if the CFR value was $30,000 the covering invoice showed that the freight used
was $1,500 however no certification from the shipping lines were presented assume that the insurance
amounted to $400 and use exchange rate of P50.

22. A shipment of 2 x 20’ reefer containers arriving from Los Angeles, USA was unloaded at the Port of
Batangas determine the CIF if the CFR value was $40,000 the covering invoice showed that the freight used
was $6,000 however no certification from the shipping lines were presented assume that the insurance
amounted to $600.

23. A shipment of 2 x 20’ containers STC wheelchairs arrived at the port of Tacloban with an FOB value of
$25,000, freight is at $350 and the declared insurance was $530. What should be the DV if the exchange rate is
P50.

24. What should be the Dutiable insurance if the buyer procured a local insurance premium amounting to
P150,000 and the buyer presented the corresponding OR and certificate and the declared insurance is $2,500.
The FCA value is equal to $30,000 and the freight is equal to $300.
25. Mr. Encov imported 1x40’ container STC Casio MX12B calculators the declared FCA value was $6,000 and
the freight was at $300 the buyer procured a local insurance premium equivalent to P6,500. Determine the
total Dutiable Value if the exchange rate is P50.\

26. The Department of Finance imported carbon papers from Japan the FCA value was $15,000 while the
freight was valued at $300. The shipment was covered by the GSIS amounting to P30,000 the former presented
the certified true copy of the marine open policy to the BOC. What should be the dutiable value if the
exchange rate is at P51.50.

27. Compute for the total arrastre charge of an importation of 20 tons of coals discharged at the Port of Subic
for assessment purposes.

28. CB Zack Postell was instructed by Ms. Mimiyuuuh to arrange for a shipside permit for his shipment with an
FOB value of P60,000. How much brokerage fee shall be paid to the customs broker?

29. How much should be the wharfage fee of a 10x20’ containers unloaded at the Port of Davao? With each
container weighting 5 tons.

30. How many TEUs can fit inside a container yard that can cater 300 20’ containers and 150 40’ containers?