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CARM: What all importers need to know about CARM

Terminology

D

DAP, Delivered At Place

Under DAP Incoterms, the seller delivers the goods to the buyer at the named place of destination, not cleared for import and not unloaded from any delivering means of transport. (For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #29
Cargo Liability versus Cargo Insurance

Don’t make the mistake of assuming that Cargo Liability and Cargo Insurance are the same thing. They are not.

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