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 #32
Understanding Incoterms 2010

Whether you are buying or selling, negotiating favourable commercial terms of sale is the most effective way to cut costs and optimize transit times.

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