Carriage Paid To - Explained
What is Carriage Paid To (CPT)?
Written by Jason Gordon
Updated at June 26th, 2021
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is Carriage Paid To (CPT)?
CPT is one of the eleven standard foreign trade terms which the International Chamber of Commerce publishes. In a Carriage Paid To transaction, goods are delivered by the seller to the carrier or any other individual the seller chooses. The seller must pay the freight fee for transporting the products to the chosen destination. Once the goods have been handed over to the carrier, the risk of losing or damaging the goods is shifted from the seller unto the buyer. The seller takes responsibility only for organizing freight to the chosen destination, and is not responsible for insuring the shipment of the goods when its being transported.
Back to: OPERATIONS, LOGISTICS, & SUPPLY CHAIN MANAGEMENT
