CPT Carriage Paid To: The Paid Passage
Under the term CPT Carriage Paid To, the seller pays for carriage to the named place of destination, but the risk transfers to the buyer once the goods have been handed over to the first carrier. Imagine you’re on a train, comfortably seated, knowing that your ticket has been paid for. That’s CPT. Introduced in 1980, CPT is a modern twist on CFR, reflecting the shift from sea to multi-modal transport.
卖方义务:
在指定装运地点将货物交给承运人。
Pay for the cost of transport to the named place of destination.
为出口货物清关。
买方义务:
办理货物进口清关手续,支付所有关税。
承担货物交付给承运人后的所有损失或损坏风险。
CPT instance:
CPT:运费付至
Let’s use an example to explain the pricing and shipping under the Incoterm CPT (Carriage Paid To).
We can use this scenario: A Chinese seller is shipping electronic products to a buyer in the United States.
以下是费用的细分情况:
- 产品成本: Agreed price for the electronics is $20,000.
- 当地物流: Costs for delivering goods from warehouse to the port in China (seller’s responsibility), let’s say $1,000.
- Export Customs Clearance: 中国海关货物出口清关费用(卖方负责),例如 $500。
- 运费: Cost of shipping goods across the ocean to the destination port in the US (seller’s responsibility under CPT), let’s say $2,000.
So, the total cost to the seller (CPT price) is $20,000 + $1,000 + $500 + $2,000 = $23,500.
运输:
- 进口清关: Duties and taxes for goods to be cleared by US customs (buyer’s responsibility), let’s say $3,000.
- 当地物流: Costs for delivering goods from the port to the buyer’s warehouse in the US (buyer’s responsibility), let’s say $1,000.
So, the total cost to the buyer should be the CPT price ($23,500) plus the costs of Import Customs Clearance ($3,000), and Local Logistics ($1,000). That is, $23,500 + $3,000 + $1,000 = $27,500.
Under CPT, the seller has the obligation to arrange and pay for the carriage of the goods to the agreed destination, but the risk transfers from the seller to the buyer as soon as the goods have been handed over to the first carrier, which is different from the FOB term.
Which term is closed to CPT?
The Incoterm that is most similar to CPT is CIP (Carriage and Insurance Paid to). Both require the seller to arrange and pay for the transportation of the goods to a specified destination. The key difference is that under CIP, the seller also has to procure and pay for insurance against the buyer’s risk of loss of or damage to the goods during the carriage. Under both terms, the seller needs to arrange and pay for transportation, but only under CIP does the seller also have to arrange for insurance. The risk of loss or damage transfers from the seller to the buyer as soon as the goods have been handed over to the first carrier in both cases.