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CPT

Carriage paid to (named point of destination);



Related Terms

CARRIAGE PAID TO

CPT - a Term of Sale which means the seller pays the freight for the carriage of the goods to the named destination. The risk of loss of 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 subsequent carriers are used for the carriage to the agreed upon destination, the risk passes when the goods have been delivered to the rst carrier. The CPT term requires the seller to clear the goods for export.

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