Singapore Customs Officer Aptitude Practice Questions - Singapore Customs Officer Recruitment Aptitude Assessment

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A shipment of machinery has a Free on Board (FOB) value of SGD 45,000. The ocean freight charge is SGD 3,200, and the marine insurance premium is SGD 800. What is the Cost, Insurance, and Freight (CIF) value of the shipment?

SGD 45,000 SGD 48,200 SGD 49,000 SGD 45,800

Correct Answer:

SGD 49,000

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