CPT (Carriage Paid To)

From Supply Chain Management Encyclopedia

Russian: CPT (Carriage Paid To) – CPT Фрахт/перевозка оплачена до (...названное место назначения)

CPT (Carriage Paid To) – CPT Фрахт/перевозка оплачена до (...названное место назначения)

General Provisions

In accordance with rules of Incoterms® 2010, ^[1] the CPT (Carriage Paid To) may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. The seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between the parties). The seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination. The seller fulfills its obligation to deliver when it hands the goods over to the carrier and not when the goods reach the place of destination. The parties are well advised to identify as precisely as possible in the contract both the place of delivery, where the risk passes to the buyer, and the named place of destination to which the seller must contract for the carriage. If several carriers are used for the carriage to the agreed destination and the parties do not agree on a specific point of delivery, the default position is that risk passes when the goods have been delivered to the first carrier at a point entirely of the seller's choosing and over which the buyer has no control. Should the parties wish the risk to pass at a later stage (e.g., at an ocean port or airport), they need to specify this in their contract of sale.

The parties are also well advised to identify as precisely as possible the point within the agreed place of destination, as the costs to that point are for the account of the seller. The seller is advised to procure contracts of carriage that match this choice precisely. If the seller incurs costs under its contract of carriage related to unloading at the named place of destination, the seller is not entitled to recover such costs from the buyer unless otherwise agreed between the parties. The CPT requires the seller to clear the goods for export, where applicable. However, the seller has no obligation to clear the goods for import, pay any import duty or carry out any import customs formalities.

Table 1. Seller's/Buyer's Responsibilities Allocation for Carriage Arrangements, Transaction Costs, and Risk Transfer as Stated by the CPT rule of Incoterms® 2010
Seller (Exporter), Named Place, Seller's Facilities	Export Documents, Formalities, and Duties (if any)	Pre-carriage to Named Place, Not Unloaded	Delivery at Named Place / Port, Unloaded	Ready for Loading at Named Place / Port of Shipment	Loaded on Bord of Ship or Vehicle	Transport by Air, Rail, Road, Water, or Multimodal		On Board Ship or Vessel, Not Unloaded	Discharging (Unloading) at Named Place / Port of Destination	Delivery at Named Place / Terminal	Onward Carriage to Named Place, Not Unloaded	Import Documents, Formalities, and Duties	Buyer (Importer) - Named Place, Unloaded
Seller's/Buyer's Responsibilities Allocation for a Contract for the Carriage of Goods as Stated by the CPT rule of Incoterms® 2010
Seller►►►	Seller►►►	Seller►►►	Seller►►►	Seller►►►	Seller►►►	Seller►►►		Seller►►►	Seller►►►	Seller►►►	Seller►►►	●●Buyer►	●●Buyer►
Seller's/Buyer's Responsibilities Allocation for Transaction Costs as Stated by the CPT rule of Incoterms® 2010
Seller►►►	Seller►►►	Seller►►►	Seller►►►	Seller►►►	Seller►►►	Seller►►►		Seller►►►	Seller►►►	Seller►►►	Seller►►►	●●Buyer►	●●Buyer►
Seller's/Buyer's Transaction (Loss/Damage of Goods) Risk Transfer as Stated by the CPT rule of Incoterms® 2010
Seller►►►	Seller►►►	Seller►►►	Seller►►►	●●Buyer►	●●Buyer►	●●Buyer►		●●Buyer►	●●Buyer►	●●Buyer►	●●Buyer►	●●Buyer►	●●Buyer►

References

1. ↑ Incoterms® 2010: ICC rules for the use of domestic and international trade terms – ICC Publication No 715E