BUYER SELLER

Company Name Walmart Inc AN PHUOC GARMENT

EMBROIDERY SHOES
COMPANY LIMITED
Specific Address
YouOnWalmart, 18111 Mt 100/11-12 An Duong Vuong,
Washington St, Fountain Ward 9, Distric 5, TP. Ho Chi
Valley, CA 92708, United Minh, Viet Nam
States

Contact
1. CASHEW IMPORT - EXPORT COMPANY
2. PRODUCT - Processed Cashew Nut (HS: 62093030)
2.1. Merchandise
 Full Container Load (FCL) of T-shirt
 Packaging: :166 products/box (1 box: 10.6 ft3 )
 Handling Requirements:
o Weight: 37 kilograms (81.6 pounds) per box
o Shape: whole, uniform, and intact kernels with no visible defects
o Quality: ISO 9001
o Origin: 25B Kenh 19/5 Street, Son Ky, Tan Phu, Ho Chi Minh City
2.2. Quantity of Order
 Shirts are individually packaged. Clearly state the product quantity,
material and product size. It is advisable that quantity should fit containers
with size 120x50x50 cm3
 Initial Order: 220 boxes/container
3. LOGISTICS
3.1. Place of Receipt: 100/11-12 An Duong Vuong, Ward 9, Distric 5, TP. Ho Chi Minh, Viet Nam.
3.2. Port of Loading: Cat Lai Port, Ho Chi Minh City, Vietnam
3.3. Port of Destination: Port of los angeles, USA
3.4. Place of Delivery: YouOnWalmart, 18111 Mt Washington St, Fountain Valley, CA
92708, United States
4. INSURANCE FEE CALCULATING
In evaluating the insurance premiums associated with the transportation of
goods under the Incoterms CIF (Cost, Insurance, and Freight) and CIP (Carriage and
Insurance Paid to), one must first understand the nuances of these terms.
The CIF incoterm stipulates that the seller is responsible for arranging and
covering the cost of insurance during the main carriage, typically up to the port of
destination. The insurance under this term generally covers only major perils, such as
catastrophic events leading to the complete loss of cargo.
In contrast, the CIP incoterm mandates a more comprehensive insurance
coverage. The seller is obliged to insure the goods for their entire transit, from the
initial point of dispatch to the named destination stipulated in the sales contract.
Notably, the CIP coverage should account for 110% of the contract value of the
goods, thereby providing a buffer against potential losses.
Assuming:
● The aggregate value of the consignment is $106,882.
● The CIF insurance premium is calculated at 0.5% of the cargo's value.
● The CIP insurance premium is determined at 1% of the cargo's value.
 By these metrics, the CIF insurance premium would be computed as:
CIF=$910,000×0.005=$4,550
Similarly, the CIP insurance premium would be:
CIP=$106,882×0.01=$9,100
Thus, under the CIF incoterm, the insurance premium would approximate to
$4,550, while under the CIP incoterm, the premium would be in the ballpark of
$9,100.