CARM: What all importers need to know about CARM

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Terminology

D

DAP, Delivered At Place

Under DAP Incoterms, the seller delivers the goods to the buyer at the named place of destination, not cleared for import and not unloaded from any delivering means of transport. (For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #25
Insurance primer

Protect your business interests by ensuring you understand what is covered by your cargo insurance policy – and what is not. Without proper insurance, even one loss can have a huge impact on your bottom line.

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