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CARM: What all importers need to know about CARM

Terminology

F

FAS, Free Alongside Ship

Under FAS Incoterms, the seller delivers when goods are placed alongside the vessel at the named port of shipment, cleared for export. (For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #31
Act Quickly to resolve non-compliance issues and avoid increasing fines

Most monetary penalties issued by the Canada Border Services Agency (CBSA) under the Administrative Monetary Penalty System (AMPS) escalate with repetition.

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