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 #8
Why accurate shipping documentation is so important

Did you know that the decision to call a freight shipment for exam is made by Other Government Departments (OGDs), such as the Canada Border Services Agency (CBSA), and is often triggered by a problem with the documentation?

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