Learn About Carriage Paid To for Smarter Shipping
CPT is an unpopular Incoterm, and it stands for Carriage Paid To and plays a vital role in the decision-making of sellers or buyers of goods. The remaining part of this paper aims at establishing that a basic understanding of CPT features, benefit and drawbacks facilitates achievement of business’ shipping objectives. Since the seller pays for the freight charges and the first carrier or buyer accepts liability for transportation once the goods are delivered duty handed over to the carrier, CPT spells out how the transportation issues will be addressed well. Whether participating in cross border sales or moving large tonnages, there appears to be opportunities for sellers and buyers of goods to ship more intelligently by using CPT.