The information provided here is part of Online export import business guide course
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
How to differentiate CIF with CPT
Detailed articles about Inco Terms of Delivery under export and import of International business have been mentioned in separate category – INCO TERMS – in this web site. You can click here to read.
What are the difference between CPT and CIF?
As per Inco terms of shipping, CPT means Carriage paid to (named destination mentioned). CIF means, Cost, Insurance and Freight (paid up to the destination mentioned).
The detailed articles on CIF and CPT with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CIF and CPT, so as to enable you to have a clear idea on these shipping terms.
The major difference between CIF and CPT is that the shipping term CPT is used in all modes of transport, where as CIF terms of shipping is used only for sea and inland water transport.
What is CPT? What are the responsibilities of buyer and seller under CPT terms? How does CIF term work? What are the obligations of buyer and seller under CIF terms?
Inco Terms for movement of goods is revised as Incoterms 2020. The importers and exporters are suggested to use the latest version. Click here to read the contents of Inco Terms 2020.
For your immediate reference, I give below web links on CPT and CIF separately below.
Detailed articles about Inco Terms of Delivery under export and import of International business have been mentioned in separate category – INCO TERMS – in this web site. You can click here to read.
The above articles easily explain about CIF and CPT.
I hope, you have satisfied with the difference between CPT and CIF explained easily. Do you have different thought on difference between CIF and CPT?
The above information is a part of Guide on howtoexport and import
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