CARM: What all importers need to know about CARM

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Terminology

C

CFR, Cost and Freight

Under CFR Incoterms, the seller pays to bring the goods to the named port of destination, but the risk of loss or damage and any costs relating to the goods while in transit pass to the buyer once the goods are on board the vessel.(For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #26
When airfreight is faster and cheaper

Ocean freight is not always the cheapest option, especially when smaller shipments attract minimum charges that add up quickly.

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