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CPT Trade Terms-Shipping Terms-CPT International

by:VIPUTRANS     2020-05-30
In trade terms, CPT (Carriage Paid To) means: freight paid to (designated destination). The trade term refers to the delivery of goods by the seller to its designated carrier. The seller must pay the freight for the goods to the destination and go through the relevant procedures for export customs clearance, which means that the buyer bears all risks and other costs after delivery. CPT trade terms can be used not only for various modes of transport, but also for multimodal transport. CPT meaning In trade terms, CPT (Carriage Paid To) means: freight paid to (designated destination). The trade term refers to the delivery of goods by the seller to its designated carrier. The seller must pay the freight for the goods to the destination and go through the relevant procedures for export customs clearance, which means that the buyer bears all risks and other costs after delivery. CPT trade terms can be used not only for various modes of transport, but also for multimodal transport. Buyer and seller obligations Seller ’s obligations: 1. The seller must provide the goods and commercial invoices that meet the requirements of the sales contract, or electronic messages that have the same effect. Any other documents that may be required by the contract to prove that the goods comply with the contract are also required. 2. The seller must pay the costs by himself and bear the risks. It is also necessary to conclude a transportation contract according to the usual conditions, routes and customary methods, and deliver the goods to the designated destination. 3. The seller needs to obtain any export license or other official permission, and when going through the customs procedures, as well as all the customs procedures required to export the goods. 4. The seller must deliver to the carrier who has entered into a contract in accordance with the relevant regulations. If there are still carriers to be delivered, the seller must deliver to the first carrier in order to allow the goods to be shipped within the agreed date or time limit. To the specified destination. 5. The seller must bear all risks of loss or damage of the goods until delivery has been made in accordance with the regulations, except for the relevant regulations. 6. The customs formalities required for the export of goods, as well as all customs duties, taxes and other fees payable at the time of export, as well as the cost of the goods paid by the seller to transit through other countries according to the provisions of the transportation contract. 7. The seller must give the seller sufficient notice and any other notices required in order for the seller to take the measures that are usually necessary for the goods to be received more conveniently. . 8. Provide the buyer with proof of delivery, shipping documents or equivalent electronic messages 9. It is necessary to pay the inspection fee required for delivery in accordance with the contract, and provide packaging that meets the requirements for transportation arrangements (the packaging should be appropriately marked). 10. If requested by the buyer, the seller must provide the buyer with the information required for insurance, etc. Buyer obligations: 1. At your own risk and expense, obtain an import license or other official documents, and go through the customs procedures required for the import of goods when customs procedures are required. Pay for customs duties and transit costs from other countries. 2. Bear the risk after the goods are handed over to the carrier at the agreed delivery location. 3. Accept the relevant documents provided by the seller, receive the goods, and pay for the goods according to the contract. 4. Pay for all expenses and unloading fees incurred during the transportation of the goods in addition to the normal freight.
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