CPT - CARRIAGE PAID
(incoterms 2000)
What is CPT?
CPT is a delivery
term Carriage Paid To named place of destination, specified
in INCOTERMS 2000.
CPT means that the seller
delivers goods to the nominated carrier.
The seller pays costs until
the goods delivered to the nominated carrier.
The goods delivered with CPT
are cleared for export by seller.
This also means that the
buyer should bear all costs and risks of loss or damage
from the point of delivery.
It is recommended to
verify specific details in Incoterms 2000.
Import, Export, Incoterms
The seller's obligations in CPT
term:
Provision of goods
Licenses and export
formalities
Delivery at the named carrier
Transfer of risks to the
buyer when goods are delivered at the named carrier
Details are specified
in Incoterms 2000
The buyer's obligations
in CPT term:
Payment of the price
Licenses and import
formalities
Contracts of carriage to the
named place
The buyer should bear all
risks from the time the goods are delivered according to CPT
term
Details are specified
in Incoterms 2000
Additional information about divisions of
costs, notice to the buyer, notice to the seller, proof of
delivery, transport documents and other
obligations available in INCOTERMS 2000 of
ICC.
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Subjects keywords:
CPT, CARRIAGE PAID
TO: CPT definition, seller's obligations in CPT term,
buyer's obligations in CPT term, INCOTERMS. All information
about CPT.
