incoterms cpt definition

incoterms cpt definition refers to the Incoterm “Carriage Paid To” (CPT), which is an international shipping term used in global trade to define the responsibilities of both the seller and buyer. Under the CPT Incoterm, the seller is responsible for paying for the transportation of goods to a specified location, which could be a port or a warehouse. The seller also bears the risk and cost of shipping the goods until they reach the point of delivery. However, once the goods are handed over to the carrier for shipment, the risk transfers to the buyer. The buyer is responsible for any additional costs beyond the specified delivery point, including customs clearance and import duties. This Incoterm is commonly used in international trade when the seller wants to handle the logistics of shipping but the buyer is responsible for the goods once they are in transit. CPT is often chosen in situations where the seller has better access to shipping services or wants to control the shipping process up to the point of delivery.