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CARM: What all importers need to know about CARM

Route Article

Know the risk and responsibility assumed when booking direct with carriers

If you are not careful, the money you save in one area may be exceeded by the extra costs you incur in another area.

To save money, your suppliers will often forgo the services of a freight forwarder and work directly with the carrier to arrange your shipments.

When this is done, you are not in control of your freight.  Understand that this decision impacts you, as their choice of carrier will affect the service you receive.  Worse still, poor performing carriers can cost you money at destination with unexpected storage and demurrage costs due to poor communication.

By employing the services of a freight forwarder, you will improve communication, tracking, shipment updates, expediting, and customs clearance.

Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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101 Logistics Quick Tips

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