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.
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
How to set up an export import firm in India
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
How to solve exchange rate variation in export business:
How to surrender ‘HBL’ House Bill of Lading
How transshipment bill of lading works?
Is letter of credit safe mode of payment?
IGM amendment (Import General Manifest Amendment)
Registration required to export from Eritrea
Documents needed for Eritrea import
Import Customs processes in Eritrea
Permit and registration required for importation in Eritrea
How to export from Democratic Republic of the Congo?
Levy of late fee for GST Tax returns filing in India
Notice to GST return filing defaulters
When to file Annual Return of GST online?
Procedures to claim reduction in output tax liability of GST in India
Procedures to claim Input Tax Credit under GST in India
When to file first Return of GST tax in India?
GST Tax returns filing – Who, How and When?
Unique Transaction Reference number (UTR) Means
Term Treatment for Zero Rated Supplies under GST
Transportation of goods without issue of invoice under GST
Meaning of Transitional arrangements for ITC under GST
Transition provisions under GST
Term Transition credit under GST