CPT Can
be used for any transport mode, or where there is more than one transport mode.
The
seller is responsible for arranging carriage to the named place, but not for
insuring the goods to the named place. However delivery of the goods
takes place, and risk transfers from seller to buyer, at the point where the
goods are taken in charge by a carrier – see
Terminal
Handling Charges (THC) are
charges made by the terminal operator. These charges may or may not be included
by the carrier in their freight rates – the buyer should enquire whether the
CPT price includes THC, so as to avoid surprises.
The buyer
may wish to arrange insurance cover for the main carriage, starting from the
point where the goods are taken in charge by the carrier – NB this will not be
the place referred to in the Incoterms rule, but will be specified elsewhere
within the commercial agreement
See also
“Carriage and Insurance Paid To CIP”
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