CARM: What all importers need to know about CARM

Terminology

L

L/C, Letter of Credit

A method of payment for goods in which the buyer establishes his credit with a local bank, clearly describing the goods to be purchased, the price, the documentation required, and a time limit for completion of the transaction. Upon receipt of documentation, the bank is either paid by the buyer or takes title to the goods themselves and proceeds to transfer funds to the seller.

Quick Tip #56
How driving limits for truck drivers impact transit times

The following driving limits, imposed by the U.S. and Canada for safety reasons, could impact your transit times:

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