The following Commercial guidance note provides comprehensive and up to date legal information covering:
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Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the CPT Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—CPT Carriage paid to.
CPT (insert named place of destination) Incoterms® 2010
This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed.
‘Carriage Paid to’ means that 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) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.
When CPT, CIP, CFR or CIF are used, the seller fulfils its obligation to deliver when it hands the goods over to the carrier and not when the goods reach the place of destination.
This rule has two critical points, because risk passes and costs are transferred at different places. The parties are well
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