CARM: What all importers need to know about CARM

Terminology

T

Tariff Rate Quota

A two-stage tariff, which imposes a lower rate of duty on imports up to the quota level and a higher rate of duty on imports over-quota.

Quick Tip #24
Are you using the latest Incoterms?

Make sure your contracts of sale include the appropriate trade term in conjunction with the words “Incoterms 2010”, which came into effect January 2011.

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