what means cpt

what means cpt refers to “Carriage Paid To,” an Incoterms rule used in international trade. Under CPT, the seller is responsible for paying the transportation costs up to the agreed-upon destination. However, the risk is transferred to the buyer once the goods are handed over to the carrier. This term is commonly used in shipping contracts to outline the seller’s obligations in terms of delivery and transportation. Buyers should be aware that while transportation costs are covered, they will still be responsible for additional fees like customs duties, taxes, and insurance upon arrival at the destination.