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CPT

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Glossaries

Term Definition
CPT

With the development of the world transport system, the concept of freight has spread to air (English air freight) and land (English land freight) transport.

" >Freight/freight paid to - international trade term Incoterms, which applies to all modes of transport, including multimodal transport. The seller bears the costs of transportation to the destination, including freight. The buyer pays for cargo insurance. The risks are transferred at the time of delivery of the cargo to the first carrier.

When using this term, the seller is obliged to conclude a contract of carriage and bear the transportation costs necessary to deliver the goods to the agreed destination. When using the term CPT, the seller transfersproductto the carrier or another person nominated by the seller, at an agreed place (if such a place is agreed by the parties and fulfills its obligation to deliver. 

The term contains two critical points, becauseriskand the expenses are transferred in two different places. 

Synonyms:Carriage paid to, Carriage paid to