CARM: What all importers need to know about CARM

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Terminology

A

ARL, Accounts Receivable Ledger

The Accounts Receivable Ledger (ARL) will become the system of record for Commercial Accounting and Payment on January 25, 2016, replacing daily and monthly K84s with Daily Notices (DNs) and monthly Statements of Account (SOAs). ARL is the first phase of the CARM project.

Quick Tip #53
Always have a back-up plan

Do you have a Plan B when something goes wrong with a shipment?  It happens sooner or later with every company that has regular shipments.

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