The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
The information provided here is part of Export import business Course online
How to differentiate CIP with CPT?
What are the difference between CPT and CIP?
As per Inco terms, CPT means Carriage Paid to (named destination mentioned). CIP means, carriage and insurance paid (up to the destination mentioned).
The detailed articles on CIP and CPT with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CIP and CPT, so as to enable you to have a clear idea on these shipping terms.
What is CPT? What are the responsibilities of buyer and seller under CPT terms? How does CIP terms work? What are the obligations of buyer and seller under CIP terms. The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
For your immediate reference, I give below web links on CPT and CIP separately below.
CPT terms, a quick reference
The above articles clearly explains about CIP and CPT.
The Buyers and Sellers are suggested to use Incoterms 2020, the latest version of delivery terms for movement of goods. Click here to read the extract of Inco Terms 2020, easily explained.
I hope, you have satisfied with the difference between CPT and CIP explained easily. Do you have different thought on difference between CIP and CPT?
The above information is a part of Online international business guide course
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