CARM: What all importers need to know about CARM

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Terminology

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AMPS, Administrative Monetary Penalty System

Administrative Monetary Penalty System

Canada Customs system of monetary penalties that will be imposed against violations of Canada Customs regulations.

Quick Tip #57
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).

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