CARM: What all importers need to know about CARM

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Terminology

C

CFR, Cost and Freight

Under CFR Incoterms, the seller pays to bring the goods to the named port of destination, but the risk of loss or damage and any costs relating to the goods while in transit pass to the buyer once the goods are on board the vessel.(For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #7
Stay on schedule by staying informed

As a client of Universal Logistics, you will always be among the first to learn about key events that could influence the shipping of your imports or exports. That’s because we issue Email Alerts! whenever something important happens.

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