CARM: What all importers need to know about CARM

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Terminology

C

Cargo Insurance

A type of insurance policy that protects a buyer or seller against the risks of loss or damage to goods in transit via any mode of transportation – sea, rail, road or air.

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Quick Tip #24
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.

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