CPT is an Incoterms® rule advised for carriage of goods in containers. The seller pays for the transport to the agreed location mentioned after the Incoterms® rule. For example, the buyer’s premises or another location located inland. The transfer of costs and risk takes place at different times.
Seller arranges and pays for:
- Transport to the agreed destination location. For example, the buyer’s business address, a distribution centre, or another inland location in the destination country.
- Export formalities and documents.
Buyer arranges and pays for:
- Transport from the agreed destination location to any other final destination.
- Unloading at the agreed location.
- Import formalities and local import documents.
Suitable for:
- Trade within and outside the EU.
- All forms of transport (rail, air, road, water).
- Payment by Letter of Credit or documentary collection.
Not or less suitable for:
- -
Transfer of risk from seller to buyer:
- Once seller hands over the goods to the (first) carrier at its premises, or at another agreed loading point, as in FCA-A.
Points of attention:
- The transfer of costs (agreed destination location) and risk (e.g. after loading the vehicle at seller) takes place at different times.
- Agree upon the exact place at the agreed destination location.