CARM: What all importers need to know about CARM

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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.  Using the proper Incoterm is necessary to ensure:

  • there is a clear division of responsibilities between the seller and buyer
  • an earlier version of Incoterms is not applied

Quick Tip #38
How cultural differences affect international business transactions

CREEEPSS is an acronym that stands for Culture, Religion, Education, Economics, Environment, Politics, Social and Special characteristics.

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