CARM: What all importers need to know about CARM

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Terminology

A

ARL, Accounts Receivable Ledger

The Accounts Receivable Ledger (ARL) will become the system of record for Commercial Accounting and Payment on January 25, 2016, replacing daily and monthly K84s with Daily Notices (DNs) and monthly Statements of Account (SOAs). ARL is the first phase of the CARM project.

Quick Tip #49
Know the risk and responsibility assumed when booking direct with carriers

If you are not careful, the money you save in one area may be exceeded by the extra costs you incur in another area.

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