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CARM: What all importers need to know about CARM

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Insurance primer

Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not.  Without proper insurance, even one loss can have a huge impact on your bottom line.

You can choose from three basic levels of coverage:

  • Institute Clause A (widest insurance coverage & highest premium);
  • B (more restrictive coverage & moderate premium); and
  • C (most restrictive coverage & lowest  premium)

Be sure to review the coverage in place for your shipments and ensure it is adequate for your needs.

Quick Tip #33
Design your packaging to suit your chosen mode of transport

When selecting packaging for your product, always consider the intended mode of transport and design your packaging to fully optimize your load capacity.

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