CARM: What all importers need to know about CARM

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Plan early to ship goods before Chinese New Year

     Chinese New Year

The weeks leading up to Chinese New Year (CNY) put incredible pressure on exporters in China and China’s transportation infrastructure.  CNY is generally a 7 day festival, however, most people in China celebrate for up to two weeks or more.  Factories shut down over the holiday and, after they reopen, it can take a few weeks to get back to full production capacity.  Proper planning and coordination are important if you want to ensure your supply chain remains fluid.

Chinese New Year 2022 falls on the following dates:

  • China:             January 31, 2022 – February 6, 2022     
  • Hong Kong:   February 1, 2022 – February 4, 2022
  • Taiwan:          January 29, 2022 – February 6, 2022

If you have shipments that need to depart prior to Chinese New Year, we recommend that you place bookings with our Freight Solutions Team in mid-December, ensuring enough lead time to find the best option for space and rates.

For more information, contact Debbie McGuire, Director – Freight Solutions.

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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