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CARM: What all importers need to know about CARM

Route Article

Report Lost and Damaged Cargo to your Forwarder, Carrier and Insurer as soon as possible

Any loss or damage to cargo should be reported immediately to the company or the company’s nearest settling agent.  A cargo surveyor is usually appointed to determine the nature and extent, if the amount of the loss or circumstance warrants.  The faster one acts, the greater the probability of recovery.

Quick Tip #57
When Incoterms are incomplete

The shipping term FOB (Free on Board) is incomplete when the port of shipment and country are omitted. Moreover, you could end up paying extra if an incorrect assumption (guess) is made about your port of shipment (many countries have multiple ports of shipment).

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101 Logistics Quick Tips

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