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 #4
Country of Origin may not be the Country of Export

Did you know that Country of Origin and Country of Export are not the same thing? Country of Origin indicates where your product is made.

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