Incoterm: CPT (Carriage Paid To)

With CPT, Carriage Paid To, the seller pays for the carriage of the goods up to the named place of destination. However, the goods are considered to be delivered once they have been handed over to the first or main carrier. Risk transfers to the buyer upon the cargo’s transfer to the carrier.

The seller is responsible for origin costs including export clearance and freight costs for carriage to the named place of destination, either the final or a port of destination (this has to be agreed on by both seller and buyer).

If the buyer requires the seller to obtain insurance, the Incoterm CIP should be considered instead.