meaning of cpt incoterms

meaning of cpt incoterms refers to the “Carriage Paid To” term in international trade, which means that the seller is responsible for paying the transportation costs to deliver goods to a specified destination. However, the risk of loss or damage to the goods passes to the buyer once the goods are handed over to the carrier. Under meaning of cpt incoterms, the seller handles shipping arrangements, but the buyer is responsible for import duties and additional charges incurred upon arrival. It’s important to clarify the responsibilities of both parties when using this term in contracts.