CPT – Carriage Paid To – Incoterms 2020

Mode of Transport: Any, as many modes as required

Applicable for Domestic Trade: Yes

Applicable for String Sales: No

Applicable for Goods Moving in Containers: Yes

Delivery Condition: The seller delivers the goods to the carrier or to the person nominated by the seller at an agreed place if any such place is agreed between the parties (address).

Point of Risk Transfer: Specific point within the named place of delivery

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CPT – Carriage Paid To - Incoterms 2010

Point of Cost Transfer: Specific point within the named place of destination

Rules for Quote (Quotation): [currency] [price] CPT [named place of destination] Incoterms® 2020

Example of Quote (Quotation): $150,000 CPT, 2100 Bloor St. West, Toronto, ON, Canada, M6S 5A5, Incoterms® 2020

Packaging: Seller’s responsibility and cost

Export Clearance & Security: Seller’s responsibility and cost

Inspection: Seller’s responsibility and cost, only if the inspection is mandated by local authorities

Loading: Seller’s responsibility and cost

Carriage: Buyer’s responsibility BUT Seller’s cost

Insurance: No obligation to arrange but buyer’s cost and responsibility if requested

Import Clearance & Security: Buyer’s responsibility and cost

Unloading: Buyer’s responsibility and cost, unless unloading cost is included in the contract of carriage.

Notification: The Seller timely notifies the Buyer when and where the goods have been delivered. The Buyer timely notifies the Seller the dispatching time and the point of taking goods.

Documentation: The Seller must provide the Buyer with the transport document. The Buyer must accept transport document.

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