Buyer’s and Seller’s responsibility under CPT inco term

The INCOTERM CPT (Carriage Paid To)  

 Responsibility to bear costs to Buyer and Seller under CPT inco term

 

Q) Under the INCOTERM CPT, who should bear all cost related with Export customs declaration?

 

Answer

 The Seller has to bear all cost related with Export customs declaration if contract is under the INCOTERM CPT.

 

Q) Who has to pay the Carriage to port of export under CPT terms?

 

Answer

The Seller is responsible for paying carriage to port of export under CPT terms.

 

Q)Who is responsible for all the cost for unloading of truck in port of export, in CPT terms?

 

Answer

All the cost for unloading of truck in port of export should be given by the Seller under the INCOTERM CPT.

 

Q) Who is obliged to bear all cost for loading the cargo on vessel/airplane in port of export under CPT terms?

 

Answer

The Seller should pay all cost for loading the cargo on vessel/airplane in port of export under CPT terms.

 

Q) In INCOTERM CPT, who should give money to Carriage (sea/air) to port of import?

 

Answer

In INCOTERM CPT, the Seller should give money to Carriage (sea/air) to port of import.

 

Q)Who should arrange Insurance for the shipment under CPT term?

 

Answer

The buyer has to arrange Insurance for the shipment under CPT term.

 

Q)According to the INCOTERM CPT, the expenses for unloading the cargo in port of import are whose responsibility?


Answer

According to the INCOTERM CPT, the expenses for unloading the cargo in port of import is met as per mutually agreed terms between buyer and seller

 

Q)Under CPT INCOTERM, who should pay for Loading on truck in port of import?

 

Answer

If the contract is under CPT INCOTERM,    Loading on truck in port of import has to be paid as per mutually agreed terms between buyer and seller.

 

Q)Who is responsible for arranging Carriage to place of destination under CPT terms?

 

Answer

The Seller is responsible for arranging Carriage to place of destination if the term of delivery is under CPT terms.

 

Q)  Who is obliged to settle all cost for Import customs clearance in CPT terms?

 

Answer

All payment settlement for Import customs clearance in CPT terms is obliged with the Buyer.

 

Q) Import duties and taxes should be paid by whom under the CPT INCOTERM.

 

Answer

Import duties and taxes should be paid by the buyer under the CPT INCOTERM.


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