Using the CPT incoterm
Under the CPT Incoterm or “Carriage Paid To”, the seller is responsible for bringing the goods to destination and payment of the cost of international freight. Unlike other Incoterms the transfer of risk is made when the goods have been loaded on board the means of transport.
The CPT Incoterm is versatile as it can be used for all modes of transportation.
Seller’s obligations under the CPT Incoterm
- Delivery of goods and documents required
- Packaging and wrapping
- Inland transport in the country of origin
- Customs at origin
- Exit charge
- International freight
Buyer’s obligations under the CPT Incoterm
- Payment of the goods
- Arrival expenditures
- Customs on arrival
- Inland transport at the destination country
- Payment of fees