CARM: What all importers need to know about CARM

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Terminology

T

Terminal Storage

The fee charged by destination terminals, once free time expires after a container has arrived. Free time varies between terminals across Canada. In some cases, it is as little as one day after arrival, after which a daily storage fee is charged (on average CA$200.00 – $300.00 per day). Certain terminals also charge a higher rate per day for reefer containers. Many terminals also increase the daily terminal storage fee for both standard and reefer containers after a set number of days. The charge ceases once the container is collected from the terminal.

Quick Tip #51
The link between insurance premiums and risk

There are many factors which affect the pricing of your insurance premium, but all revolve around the risk involved. For example, the longer the transit time, the more time available for something negative to happen.

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