CARM: What all importers need to know about CARM

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Time to renew Blanket Preferential Trade Certificates

Don’t forget to get your Blanket Certificates of Origin and/or Origin Declarations renewed for 2018.  This would include NAFTA, CETA and all other Free Trade Agreements you are taking advantage of, to benefit from reduced/duty-free status, upon import.

You can also simplify your life by taking advantage of our complete NAFTA Management Service, the fast, easy way to ensure your NAFTA Certificates of Origin are fully compliant and our Consulting Services for all your Free Trade needs.

This is important because significant AMPS (Administrative Monetary Penalty System) transactional penalties could apply if you make a claim for preferential treatment without a valid Certificate/Declaration on file.

Get started now by forwarding your 2018 Blanket Certificates / Declarations to nafta@universallogistics.ca or contact Brian Rowe, Director – Customs Compliance & Regulatory Affairs, for more information.

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Quick Tip #14
Don’t just insure the value of the goods

When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured’s profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.

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