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.

   
     Mandy Chan, Freight Solutions
 

Mandy Chan, Freight Solutions

Quick Tip #42
Carefully inspect all freight to identify deficiencies in packaging

Problems that seem small at the time of loading can get much worse in transit, sometimes resulting in damage to the entire load.

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