CARM: What all importers need to know about CARM

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Cargo Liability versus Cargo Insurance

Don’t make the mistake of assuming that Cargo Liability and Cargo Insurance are the same thing.  They are not.  Cargo Liability is the maximum amount of liability a carrier will assume if they are determined to be 100 percent at fault which must be stated on their Bill of Lading. 

Cargo Insurance is purchased by the shipper for protection against losses resulting from all perils (loss, damage, theft) and can cover more than 100% of the cargo’s value.

Quick Tip #43
Avoid overspending on transportation when it is not necessary

Determine what service level you need to meet your transit time and delivery targets. Match your needs to the appropriate mode of transport and you can cut costs.

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