The seller pays for transport. Risks are transferred to the buyer when handing over goods to the first carrier. CPT is the counterpart of CFR. Terminal Handling Charges (THC) are fees charged by the terminal operator. These costs may or may not be included by the carrier in their freight rates - the buyer should inquire if the CPT price includes THC, to avoid surprises. CPT is a non-maritime condition and can be applied to all modes of transport.
The seller must deliver the goods to the contracted carrier.
The risk of damage during transport is from the transfer to the carrier on behalf of the buyer. Before delivery, the seller is at risk.
The cost of transport to agreed place of destination is at the seller's expense. Further transport is at the expense of the buyer. Please note that the transfer of costs does not take place at the same time as the transition from risk to transport damage.
The seller must provide the customs formalities resulting from the export. His account is also the associated costs, duties and charges. Customs formalities and costs relating to transit are, as a rule, at the expense of the purchaser. For the account and risk of the purchaser, all customs formalities and the associated costs, duties and charges resulting from imports into the country of destination shall be accounted for.
The seller does not have to take out transport insurance for the goods for the buyer.
Addition place of delivery
The delivery condition should always be added where the transfer of the goods takes place. At CPT, this is indicated with: ... place of destination (... agreed destination).