CARM: What all importers need to know about CARM

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When Incoterms are incomplete

The shipping term FOB (Free on Board) is incomplete when the port of shipment and country are omitted.  Moreover, you could end up paying extra if an incorrect assumption (guess) is made about your port of shipment (many countries have multiple ports of shipment). 

For example, if you were buying from Zurich, Switzerland, there could be four different ports of shipment, including Hamburg, Germany, which would be correctly reported as FOB Hamburg, Germany. 

     Kayla Sibbald, Customs Operations – Fort Erie
 

Kayla Sibbald, Customs Operations – Fort Erie

Quick Tip #12
Small clerical errors can have big implications

Here are some facts to remember before you complete the documentation that goes with your next shipment:

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