CPT - Carriage Paid To Flashcards
In CPT when does the delivery and risk transfer happen?
When the goods are handed over to the carrier, which is contracted by the seller.
In CPT can the seller guarantee that the goods will reach the place of destination in sound condition, in the stated quantity or indeed at all after the delivery occurs?
No
For which mode of transport CPT can be used?
any mode of transport
what is the difference between place of delivery and point of delivery?
Point of delivery is a specific location inside the place of delivery. For example, harbor 2 (point) the port of Hamburg (place).
What is the difference between place/point of delivery and place/point of destination of the goods.
Place/point of delivery is a place where the delivery and risk transfer happens. Place/point of destination is the point/place to which the seller promises to contract for carriage.
CPT [what should be written here?] Incoterms 2020
named place (or point) of destination
When must the seller deliver the goods In CPT?
On the agreed date or within the agreed period.
When does the delivery happen in CPT?
When the seller hands the goods over to the carrier contracted by him.
When is the buyer obligated to take the delivery in CPT?
When the goods have been handed over to the carrier (which is contracted by the seller) at the named place (or point) of delivery and receive them from the carrier at the named place (or point) of destination.
Until when does the seller bear the risk of loss of or damage to the goods?
Until the goods have been delivered accordingly, i.e. handed over to the carrier.
When does the buyer bear all risks of loss of or damage to the goods?
From the time the goods have been delivered accordingly by the seller.
If the buyer fails to give notice in accordance with B10, then the buyer bears all risks of loss of or damage to the goods from the agreed date or the end of the agreed period for delivery, provided that the goods have been clearly identified as the contract goods.
Who is obligated to contract the carriage in CPT?
The seller
From where must the seller contract the carriage in CPT?
From the place (or point) of delivery
Until where must the seller contract the carriage in CPT?
To the place (or point) of destination
Who pays for the carriage in CPT?
the seller
What kind of route must be chosen for carriage in CPT?
the usual route in a customary manner of the type normally used for carriage of the type of goods sold.
With what kind of security requirements must the seller comply with in CPT?
Transport-related security
In CPT the seller must comply with any transport-related security requirements for transport to the ….. (where?)
Destination
What kind of obligations does the buyer has in regards to carriage in CPT?
none
Who is obligated to make the contract of insurance in CPT?
No one. However, the seller must provide the buyer, at the buyer’s request, cost and risk that the buyer needs for obtaining insurance
What are seller’s export/import-related obligations in CPT?
He must clear the goods for export and deal with export formalities.
He must assist the buyer, at the buyer’s request, with import clearance and import formalities,
What are the buyer’s export/import-related obligations in CPT?
He must clear the goods for import and deal with import formalities.
He must assist the seller, at the seller’s request, with export clearance and export formalities,
In CPT who is obligated to pay the costs related to the goods until they have been delivered to the place (or point) of destination?
The seller
In CPT who is obligated to pay for the transport-related (including carriage) costs?
The seller
Who must pay for loading the goods in CPT?
the seller
Who must pay for the unloading the goods in CPT?
the seller for unloading at the agreed place of destination but only if those charges were for the seller’s account under the contract of carriage. if not, then - the buyer.
Who must pay for the costs of providing the usual proof that the goods have been delivered in CPT?
seller
Who pays for export related stuff in CPT?
Seller
In CPT who is obligated to pay the costs relating to the goods from the time they have been delivered at the place of delivery?
The buyer
How are transit-related costs allocated in CPT?
The seller pays for it if the costs were for the seller’s account under the contract of carriage. if not - then buyer
In CPT Who pays for any additional costs incurred if it fails to give notice in accordance with B10, from the agreed date or end of the agreed period for shipment, provided that the goods have been clearly identified as the contract goods?
the buyer.
In CPT when is the seller obligated to provide the buyer with the usual transport document(s) for the transport contracted?
If customary or at the buyer’s request, at the seller’s cost.
Is the seller obligated to provide the buyer with transport documents in CPT?
Yes, if it is customary or at the buyer’s request, at the seller’s cost.
What kind of notification-related obligations does the seller have in CPT?
The seller must notify the buyer that the goods have been delivered accordingly.
the seller must give the buyer any notice required to enable the buyer to receive the goods.
What kind of notification-related obligations does the buyer have in CPT?
The buyer must, whenever it is agreed that the buyer is entitled to determine the time for dispatching the goods and/or the point of receiving the goods within the named place of destination, give the seller sufficient notice.
