CARM: What all importers need to know about CARM

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Terminology

I

Incoterms, International Chamber of Commerce Terms of Sale

Incoterm rules explain a set of three-letter terms reflecting business-to-business practice in contracts for the sale of commercial goods (internationally and domestically). Incoterm rules outline the transfer of tasks, costs and risks in the delivery of goods from seller to buyer. (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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