Carriage Paid To
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Carriage Paid To (CPT)
Seller is responsible for the payment of freight to carry goods to a named overseas destination. The risk of loss or damage is transferred from the seller to the buyer when the goods have been delivered into the carrier's custody. This term may be used for any mode of transport.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Carrier Paid To. In international commerce, an agreement between a seller and a buyer indicating that the seller is responsible for the costs of shipping a good while the buyer assumes the risk of damage to the good once it is transferred to a carrier. This means that the buyer is responsible for any insurance he/she may wish to purchase. A carrier is any person who transports the good to an agreed upon destination; in cases where the transportation involves multiple carriers, risk is transferred when the good is delivered to the fist carrier. See also: United Nations Convention on Contracts for the International Sale of Goods, Incoterm.
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