Reference no: EM133310872

Question: You are a Canadian importer of luxury face towels for Hotels. Recently you have connected with an Indian manufacturer, named ABC Textile Company, located in New Delhi, India, and are in the process of negotiating prices for the import of a shipment of 3000 face towels to Canada. Prior to finalizing a price you are willing to pay for each face towel, you must know the price to be charged for each face towel based on the

11 INCOTERMs. Financial details are as follows: Currency is the Canadian dollar

1 • You have already been advised by the ABC Textile manufacturer that for you to pick up the face towels in New Delhi, India, the price will be $1.00 per face towel.

2 • ABC Textile Company is willing to move the shipment of face towels to your freight forwarder located in Mumbai, India at a cost of US $0.10 per face towel.

3 • You ask ABC Textile Company to have the shipment transferred to the Port of Mumbai, India from New Delhi, India. This will incur a cost of $0.20 per face towel.

4 • Loading of the shipment of face towels onto a container ship from Mumbai, India to the Port of Montreal, Canada, This cost is $0.50 per face towel.

5 • You, the Canadian importer, request that ABC Textile Company arrange the international carriage only to the Port of Montreal, Canada. You will pay for all necessary insurance. The International carriage will oost $3.00per face towel.

6 • You, the Canadian importer, request that ABC Textile Company arrange the international carriage AND cargo insurance for the movement of the shipment to the Port of Montreal, Canada. These two charges together will cost $3.25 per face towel.

7 • Upon arrival at the Port of Montreal, ABC Textile Company agrees to deliver the shipment to a terminal specified by you. This will cost $0.30 per face towel.

8 • Upon arrival at the Port of Montreal, ABC Textile Company agrees to deliver the shipment to a terminal specified by you and will unload the cargo. Unloading increases the per face Towel price by $0.50.

9 • You request that ABC Textile Company deliver the shipment of face towels to your final location in Montreal, Canada. ABC textile will be responsible for the payment of import duties, taxes and the competition of all customs clearance adivities which will add an additional $3.25 to the price per face towel. Unloading will at your (the importer's) expense.

What's the incoterm for each? And total unit cost for each facetowel?