CPT – CARRIAGE PAID TO (NAMED PLACE OF DESTINATION) | INCOTERMS 2010
CPT – Carriage Paid To (named place of destination)
The seller is responsible for arranging carriage to the named place, but not for insuring the goods to the named place. However delivery of the goods takes place, and risk transfers from seller to buyer, before the main carriage, at the point where the goods are taken in charge by the first carrier.
Things to watch for.
Terminal Handling Charges (THC) are charges made by the terminal operator at either the beginning or the end of the transport operation, or at both ends. These charges may or may not be included by the carrier in their freight rates – the buyer should enquire whether the CPT price includes THC, so as to avoid surprises.
The buyer will need to arrange insurance cover for the main carriage, starting from the point where the goods are taken in charge by the carrier – NB this will not be the place referred to in the Incoterms rule, but will be specified elsewhere within the commercial agreement
See also “Carriage and Insurance Paid To CIP”
Transportation – Can be used for any transport mode, or where there is more than one transport mode.