What is CPT freight?

What is CPT freight?

Carriage Paid To, or CPT is an international trade term that described a contract between buyer and seller where the seller is responsible for export clearance and arranging carriage to the named place of destination.

What is CPT carriage paid to?

CPT or Carriage Paid To is an incoterm definition used to explain that the cost of the goods includes everything required to bring the products to the agreed destination. The buyer is only responsible for import requirements and local delivery and unloading charges.

Who pays for freight costs when Incoterms are ex works?

Ex works (EXW) is a shipping arrangement in which a seller makes a product available at a specific location, but the buyer has to pay the transport costs.

Who pays insurance in CPT?

Can be used for any transport mode, or where there is more than one transport mode. The seller is responsible for arranging carriage to the named place, but not for insuring the goods to the named place.

What is difference between CPT and DDP?

As per Inco terms, DDP means Delivered Duty Paid (named destination place mentioned). CPT means, Carriage Paid to (the destination location mentioned).