Incoterms® 2020 Rules—CPT Carriage paid to

Published by a LexisNexis Commercial expert
Practice notes

Incoterms® 2020 Rules—CPT Carriage paid to

Published by a LexisNexis Commercial expert

Practice notes
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This Practice Note comprises the guidance note to the CPT Carriage paid to Incoterm in the Incoterms® 2020 Rules, produced here with the permission of ICC Publishing SA. Incoterms® 2020 rules and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org.

Incoterms® 2020 rules came into force on 1 January 2020, and updated the Incoterms® 2010 rules to reflect changes to the market over the last decade. For the CPT Incoterm valid up until that date, see Practice Note: Incoterms® 2010 Rules—CPT Carriage paid to [Archived].

CPT (insert named place of destination) Incoterms® 2020

Explanatory notes for users

1. Delivery and risk

‘Carriage Paid To’ means that the seller delivers the goods—and transfers the risk—to the buyer

  1. by handing the goods over to the carrier

  2. contracted by the seller

  3. or by procuring the goods so delivered.

  4. the seller may do so by giving the carrier physical possession of

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Jurisdiction(s):
United Kingdom
Key definition:
Incoterms definition
What does Incoterms mean?

An abbreviation of 'International Commercial Terms'—a set of globally recognised terms and conditions used in international, and sometimes domestic, contracts for the sale and purchase of goods.

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