CPT (Carriage Paid To)
Incoterms, also known as international commercial terms, are set to eliminate or decrease confusions and conflicts between buyers and sellers in international trade and to facilitate the trade and commerce process globally. Incoterms were created by the International Chamber of Commerce (ICC) in 1936 and since then, they are updated on a regular basis to suit changing trade trends.
|Free Carrier||Carriage Paid To||Carriage Insurance Paid To||Delivered at Place||Delivered at Place Unloaded||Delivered Duty Paid||Free Alongside Ship||Free On Board||Cost & Freight||Cost, Insurance & Freight|
|At a named place, the seller transfers the goods to the buyer; the buyer is responsible for all risks.||1.) when seller loads goods to buyer’s carrier or 2.) when goods are at the buyer’s disposal & ready for unloading at a named placed||when the goods are handed over to the seller’s nominated carrier at a named place||when the goods are handed over to the seller’s nominated carrier at a named place||when the goods are placed at the buyer’s disposal at a named place or agreed point within that place||when the goods are delivered and unloaded at a named place or agreed point within that place||when the goods are placed at the buyer’s disposal at a named place or agreed point within that place||when goods are alongside the vessel nominated by the buyer at named port||when goods are on board the vessel nominated by the buyer at named port||when the goods are on board the vessel nominated by the seller at origin||when the goods are on board the vessel nominated by the seller at origin|
|Packaging & QC||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Loading & Delivery||Buyer||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Export Duty & Taxes||Buyer||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller||Seller|
|Origin Terminal Handling||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Seller||Seller||Seller|
|Destination Terminal Handling||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Buyer||Buyer||Buyer|
|Delivery to Destination||Buyer||Buyer||Seller||Seller||Seller||Seller||Seller||Buyer||Buyer||Buyer||Buyer|
|Unloading at Destination||Buyer||Buyer||Buyer||Buyer||Buyer||Seller||Buyer||Buyer||Buyer||Buyer||Buyer|
|Import Duty & Taxes||Buyer||Buyer||Buyer||Buyer||Buyer||Buyer||Seller||Buyer||Buyer||Buyer||Buyer|
Seller’s Responsibility Under CPT
Buyer’s Responsibility Under CPT
Cargo Insurance in CPT
What does CPT mean?
CPT, or Carriage Paid To, covers the cost of the goods and anything needed to deliver the goods to the agreed location.
Is CPT similar to FCA?
CPT is similar to an FCA agreement in that it can be used for all modes of transportation; but, unlike FCA, the delivery point is not a specific place.
Who takes the risk of damage under CPT?
The seller takes the risk of damage until delivery and the risk is transferred to the buyer after handing over the goods to the carrier.