Asked by: Ouassila Stiglbrunnerasked in category: General Last Updated: 19th February, 2020
What is the meaning of CPT in Incoterms?
Similarly, you may ask, what is the meaning of CPT in shipping terms?
CPT – Carriage Paid To (named place of destination) CPT replaces the C&F (cost and freight) and CFR terms for all shipping modes outside of non-containerized seafreight. The seller pays for the carriage of the goods up to the named place of destination.
Beside above, what is difference between CFR and CPT? As per Inco terms of shipping, CPT means Carriage Paid to (named destination mentioned). CFR means, Cost and Freight (up to the destination mentioned). What are the obligations of buyer and seller under CFR terms.
Subsequently, question is, what is the difference between CIF and CPT?
CIF means, Cost, Insurance and Freight (paid up to the destination mentioned). The major difference between CIF and CPT is that the shipping term CPT is used in all modes of transport, where as CIF terms of shipping is used only for sea and inland water transport.
What does CPT mean in medical terms?
Current Procedural Terminology