A Guide to Incoterms
Choosing the best term to use isn’t a straightforward decision. Still, it is of utmost importance for buyers and sellers to agree on the Incoterm that will be used for their transaction.Read More
Find easy-to-understand explanations of the most common freight forwarding and shipment terms
CPT (Carriage Paid To) Incoterm indicates that the seller is responsible for arranging, paying for, and delivering goods to a specific destination. It requires the seller to pay the transport cost up until delivery at an agreed-upon place at the port of destination.
The buyer assumes responsibility once the goods are delivered to the carrier at the point of shipment. CPT also implies that the risk of loss or damage passes from the seller to the buyer upon delivery at this location. The buyer is responsible for arranging and paying for insurance during transportation.
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