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What are INCOTERMS in shipping?

INCOTERM refers to a type of agreement for the purchase and shipping of goods internationally. The common terms are FOB, CIF, Exworks, DAP. For a detailed explanation please visit http://www.foreign-trade.com/reference/incoterms.cfm

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NOTE: All details pertaining to CARM R2 processes are based on the current information available at the time of writing. As this is subject to change, it’s recommended you periodically check in with the CBSA or your customs broker.