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International Trade vocabulary · Incoterms

CPT

Meaning in international trade, with examples

abbreviationCommon term

In international trade, CPT means: Carriage Paid To: an Incoterms rule in which the seller pays transport to the named destination, but the risk passes to the buyer when the goods are handed to the first carrier.

In Turkish: taşıma ücreti ödenmiş olarak teslim, CPT teslim

How it is used

The all-modes version of CFR, used for air, road, rail and container shipments: 'CPT Frankfurt Airport'. As with all C rules, the place where the seller's costs end is different from the place where the risk passes.

Example sentences

  1. We ship CPT Milan by truck, with insurance arranged by the buyer.

  2. Under CPT, the risk was already with the buyer when the truck crashed in Bulgaria.

Common collocations

  • CPT price
  • CPT destination
  • quote CPT
  • CPT airport
  • IncotermsA set of standard three-letter trade terms published by the International Chamber of Commerce that show which costs, risks and tasks belong to the seller and which to the buyer.
  • CIPCarriage and Insurance Paid To: an Incoterms rule like CPT, except that the seller also buys cargo insurance for the buyer up to the named destination.
  • CFRCost and Freight: an Incoterms rule in which the seller pays the sea freight to the destination port, but the risk passes to the buyer when the goods are on board at the port of loading.
  • FCAFree Carrier: an Incoterms rule in which the seller clears the goods for export and hands them to the buyer's carrier at a named place, where the risk passes to the buyer.

More terms: Incoterms

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