CARM: What all importers need to know about CARM

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Clarifying the limitations of Incoterms

Don’t make the mistake of assuming Incoterms define anything other than the terms of delivery.  For example, Incoterms do not cover:

  • The transfer of property rights in the goods.
  • Relief from obligations and exemptions from liability in case of unexpected or unforeseen events.
  • Consequences of various breaches of contract, except those relating to the passing of risks and costs when the buyer is in breach of their obligations to accept the goods.

Quick Tip #18
Develop a Request for Quotation (RFQ) form to simplify the process of securing freight rates

By standardizing the process when securing freight rates, you can control the quality of work and make the review of the rates easier.

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