CARM: What all importers need to know about CARM

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Report Lost and Damaged Cargo to your Forwarder, Carrier and Insurer as soon as possible

Any loss or damage to cargo should be reported immediately to the company or the company’s nearest settling agent.  A cargo surveyor is usually appointed to determine the nature and extent, if the amount of the loss or circumstance warrants.  The faster one acts, the greater the probability of recovery.

     Gary Jin, Ocean Services – Imports
 

Gary Jin,
Ocean Services – Imports

Quick Tip #51
The link between insurance premiums and risk

There are many factors which affect the pricing of your insurance premium, but all revolve around the risk involved. For example, the longer the transit time, the more time available for something negative to happen.

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