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 #9
How to cut import duties and taxes paid on freight deliveries

Make sure you insist that freight charges are shown on your Supplier’s Commercial Invoices.

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