CPT - Carriage Paid
To
"Carriage paid to..." means that
the seller delivers the goods to the carrier
nominated by him but the seller must in addition pay
the cost of carriage necessary to bring the goods to
the named destination. This means that the buyer
bears all risks and any other costs occurring after
the goods have been so delivered.
"Carrier" means any person who, in a contract of
carriage, undertakes to perform or to procure the
performance of transport, by rail, road, air, sea,
inland waterway or by a combination of such modes.
If subsequent carriers are used for the carriage to
the agreed destination, the risk passes when the
goods have been delivered to the first carrier.
The CPT term requires the seller to clear the goods
for export. This term may be used irrespective of
transport including multimodal transport.
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