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CARM: What all importers need to know about CARM

Terminology

A

ARL, Accounts Receivable Ledger

The Accounts Receivable Ledger (ARL) will become the system of record for Commercial Accounting and Payment on January 25, 2016, replacing daily and monthly K84s with Daily Notices (DNs) and monthly Statements of Account (SOAs). ARL is the first phase of the CARM project.

Quick Tip #48
Know what type of insurance is available – and what’s best for your business

An open policy is typically for companies that have a regular frequency of goods in transit.

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