Please see file for example of memo required. My assigned country is South Africa.To: YouFrom: Your ManagerDate: February 22, 2022Subject: Export PriceNow that shipping details have been considered, clients need some additional information to estimate landed cost for export pricing purposes. They have contacted your company for help.Consider each subject, examine sources, and provide a brief response. Screen clip and include an image of your source material. That image should show the name of YOUR COUNTRY/YOUR STATE and the exact information that supports your response. If you cannot find the exact information, use a port very close by to get a rough idea.Note: Use highlights to indicate key information.Some potential sources you might find helpful are provided.1. Collect the specific information needed to estimate the export price or “landed” cost for their product – roasted, decaffeinated instant coffee (in bulk) – which is to be exported from YOUR STATE in the US to YOUR COUNTRY. To estimate landed cost for pricing purposes, the company will need the information below. This video on how to determine total export price HERE https://www.youtube.com/watch?v=DV7nmmKE4OY will help.A. Determine the US’ 6-Digit HS Code for that product. (The Schedule B Search Engine is HERE https://uscensus.prod.3ceonline.comB. Determine the tariff category used for imports into YOUR COUNTRY from the US (“General Rate,” “Most Favored Nation” (MFN) Rate, OR “United States of America Rate”). MFN rates apply to WTO members. A list of WTO members can be found HERE https://www.wto.org/english/thewto_e/whatis_e/tif_e/org6_e.htmC. The US company will be shipping a 40′ standard Full Load Container (FCL) of the product to YOUR COUNTRY. Invoice value of the shipment is $20,000. Insurance is 10% of invoice value.2. Estimate the market rate for ocean freight from YOUR STATE to YOUR COUNTRY in US dollars.A. Using the two relevant maritime ports and the containerized shipping option, get the current market rate estimate in dollars between these two ports. Use the higher end of the range for your calculations. (Use the Freight Calculator tool available at World Freight Rates https://worldfreightrates.com/freight3. Calculate CIF. Show all your calculations.4. Determine tariffs and taxes.A. Based on the tariff category, determine the tariff percentage and calculate the duty that would be associated with these imported products. Access the US Country Commercial Guide for YOUR COUNTRY HERE https://www.trade.gov/selectusa/ccg and look under the “Customs, Regulations & Standards” tab for Import Tariffs. Use the average tariff rate and calculate it (CIF).5. Estimate the landed cost. Show your calculations. This video on how to determine total export price HERE https://www.youtube.com/watch?v=DV7nmmKE4OY will help.6. What are the import requirements needed for YOUR COUNTRY? Provide a list of the import documents needed for YOUR COUNTRY?A. Access the US Country Commercial Guide for YOUR COUNTRY HERE and look under the “Customs, Regulations & Standards” tab for Import Requirements and Documentation.7. Is there a customs broker that has an office in YOUR COUNTRY?A. Visit the website of two customs brokers with offices in YOUR COUNTRY. Private companies are desired. Detail the services that each company provides. Provide contact information for each.Comments from CustomerDiscipline: Global Marketing
