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Lê Võ Đức Dũng 31211025800

Phạm Thanh Nguyên 31211023109

Tô Việt Hoàng 31211025584

Phạm Việt Hoàng 31211025804

Hồ Đắc Duy Khánh 31211026540

1. SHIRT IMPORT - EXPORT COMPANY
2. PRODUCT - PROCESSED SHIRT (HS: 62093030)
BUYER SELLER
AN PHUOC GARMENT
Company Name Walmart Inc EMBROIDERY SHOES
COMPANY LIMITED

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

Tel: +1 5461524714876 Tel: +84 6795672768

Contact Email: Email:
walmart@gmail.com anphuoc@gmail.com
2.1. Merchandise
 Full Container Load (FCL) of shirt
 Packaging: :166 products/box (1 box: 0.24 m 3 )

Container 40’ Boxes Goods

Size 1203,2cm x 235cm x 239,3cm 120 cm x 50 cm x 40 cm 25cm x 20cm x 3cm

Quantity 1 container 220 boxes 36.520 shirts

Arrange 166 shirts per box

  Handling Requirements:
o Weight: 37 kilograms 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.