CPT - CARRIAGE PAID TO (... named place of destination)
- CARRIAGE PAID TO means the seller pays the freight for the carriage of the goods to the named destination.
- The risk of loss or damage to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered to the carrier, is transferred from the seller to the buyer when the goods have been delivered into the custody of the carrier.
- If the buyer does not insure the shipment and if the goods are damaged, you may run the risk of not being paid.
- A carrier is any person who, in a contract of carriage, undertakes to perform or to procure the performance of carriage, by rail, road, sea, air, inland waterway or by a combination of such modes.
- If subsequent carriers are used for carriage to the agreed destination, the risk passes to the buyer when the goods have been delivered to the first carrier.
- CARRIAGE PAID TO requires the seller to clear the goods for export.
- CARRIAGE PAID TO can be used for any mode of transport including multimodal transport.
© 2004 John Michael Pierobon