CARM: What all importers need to know about CARM

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Terminology

T

T-MEC (Tratado entre Mexico, Estados Unidos y Canada)

On July 1, 2020, the new CUSMA/USMCA/T-MEC replaced the existing NAFTA free trade agreement for imports into Canada, USA and Mexico. The one agreement has 3 names – one for each of the participating countries.

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Quick Tip #47
When taking control of your shipment is good business

Selecting the right Incoterm will allow you to get the most from your contract of sale during negotiations.

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Quick Tip #47
When taking control of your shipment is good business

Selecting the right Incoterm will allow you to get the most from your contract of sale during negotiations.

Many factors influence the Incoterm selection, but your own commercial practices, type of goods and country of export will dictate whether:

  • The seller should refrain from undertaking additional obligation.
  • The seller is prepared to do more than to make the goods available at the seller’s premise.
  • The buyer’s bargaining position allows them to require the seller to undertake additional obligations.
  • The seller is able to undertake additional obligations, and, in particular, to quote a more competitive price by extending his or her obligations.
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