– Are you still vague and confused about the concept of what CPT conditions are?
What is the role? – Do you want to know more details about the conditions of fees paid to CPT?
– Are you choosing an intermediary service to receive freight delivery to a safe, reputable destination?
Come to Proship.vn's prestigious and quality express delivery service, you will be completely satisfied with the values that our service package brings. At the same time, Proship also points out what the concept of CPT conditions is, issues that are clearly stipulated about the obligations of the seller and the buyer. Accompanied by that is how to use CPT payment conditions correctly and effectively to help the goods transfer plan take place quickly, safely and most standardly.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
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What is the concept of CPT conditions?
What are CPT conditions ? CPT condition is "Carriage Paid To Destination" - Phrase translated from the term Carriage Paid To (abbreviated CPT), this is a condition of Incoterm. It can be used in all modes of transport, including multimodal transport. According to CPT payment terms, the seller will pay the freight to the specified destination, the buyer will pay the insurance fee. All risks regarding the goods will be transferred from the seller to the buyer when the goods have been delivered to the first carrier.
Specifically, the seller delivers the goods to the carrier or another person designated by the seller at an agreed place (if that point has been agreed upon by the parties), the seller must sign a contract and pay the necessary transportation costs. necessary to bring the goods to the previously designated destination.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
Find out details about the conditions for fees paid to CPT
Detailed information about the costs incurred by the parties and the obligations of the seller and buyer related to CPT payment conditions are specified as follows:
Costs must be borne by the parties
Seller bears:
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- Cost of export procedures
- Costs related to bringing the goods to and delivering them to the first carrier
- The costs of bringing goods to the destination port according to the signed transport contract
- Cost of transferring documents to the buyer
- Transportation costs through transit countries according to the transportation contract.
Buyer bears:
- Costs related to the goods (except costs for export procedures borne by the seller and costs included in the transport contract) after the first carrier receives the goods
- Cost of handling goods at the destination port and transporting them to the warehouse
- Local charges at the destination port minus the costs that the seller has paid to the carrier
- Expenses arise due to the buyer not promptly or not accurately informing the seller of the time and place of receipt of the goods
- Costs related to inspection of goods before export unless these procedures are from the competent authority of the exporting country.
Seller's obligations:
- Provide commercial invoices and other documents according to the contract
- Responsible for safely transporting goods to the first carrier at the designated location at the agreed time
- Rent and make transportation contracts to bring goods to the destination port according to the most convenient routes
- Pack properly to ensure goods safety during transportation
- Carry out export procedures, provide information and documents for buyers to complete import procedures
- Notify the buyer of delivery to the carrier and provide evidence of safe delivery to the carrier
- It is not mandatory to purchase insurance for the goods, but it is necessary to provide sufficient information to the buyer so that the buyer can purchase insurance.
Buyer's obligations:
- Be responsible for all risks and losses that occur with the goods from the time they are delivered to the first carrier
- Carry out import procedures for goods
- Carry out customs procedures to import goods
- Inform the seller exactly about the destination port's pick-up location and pick-up time
- There is no obligation to make a contract of carriage or insurance contract.
Sellers and buyers both have separate obligations when applying CPT conditions.
Cargo insurance under CPT Incoterms 2020 conditions
No party is obliged to purchase goods insurance in CPT Incoterms 2020. However, if the buyer requests, the seller must bear the risk and expense of providing the information the buyer needs to purchase insurance. goods.
About the delivery of goods
Under CPT Incoterms 2020 conditions, the transfer of risk of goods is considered completed when the seller delivers the goods to the first carrier.
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How to use CPT payment in the most effective way?
CPT terms are common in air freight and Ro-Ro shipments. If there is more than one method of transport, risk passes when the goods have been delivered to the first carrier. All Group C shipping terms include CPT, the seller is responsible for signing an international shipping contract. The place of transfer of responsibility and risk will be specified by the buyer.
Less experienced buyers and exporters may prefer group F delivery terms, but group C delivery terms are particularly popular with more experienced exporters. Group C clauses also allow you to deal directly with the carrier; Documents, bills of lading and all information needed for L/C originate from a single place.
Additionally, using group C terminology gives you more negotiating power, especially when ordering multiple goods with a carrier. CPT Incoterms 2020 payment terms are suitable delivery terms for all modes of transport, including multimodal transport.
What's special about Proship's CPT goods transfer service?
Proship is a solution created to solve the final step in the buying and selling process of e-commerce platforms. Proship.vn is affiliated with leading domestic and foreign shipping companies, ready to quickly respond to all customers' needs.
With 3 key markets: Ho Chi Minh City, Hanoi, and Da Nang - where e-commerce platforms are constantly developing, Proship has stepped up operations and committed to providing fast delivery service & collection support. for shops and online businesses to bring the highest efficiency and convenience to all customers.
We own a team of professional, enthusiastic staff who are always ready to be present in most provinces and cities across the country to help the customer's goods delivery process always take place accurately and quickly. . Not only that, Proship's shipping service prices are always considered the most competitive on the market, suitable for today's consumers.
What's special about Proship's freight transfer unit?
- Proship provides customers with safe, effective EXW Services with many important benefits
- Save costs from EXW Service prices and shipping fees to Vietnam thanks to a large and reputable international agent system.
- Proship.vn is ready to support customers in implementing import contracts, strictly adjusting terms and conditions to avoid arising risks.
- Always regularly update goods schedules for customers. Save on EXW service fees and other Logistics services when goods arrive in Vietnam
- Foreign partners and agents will monitor the seller's delivery progress, ensuring time control and goods condition as required. Avoid the risks of cooperating with unreliable sellers who only have bills of lading without real goods.
The above knowledge that Proship has just updated and shared, hopes to help sellers and buyers better understand what CPT Conditions are? Find out in detail the conditions for fees paid to CPT , and how CPT payment brings practical benefits to each individual involved. If you have any questions about other common conditions in Incoterms 2020, you can contact directly via hotline 0909 344 247 to receive dedicated advice and answers from the knowledgeable Proship.vn staff. and experience in delivering large quantities of goods.
Shipping contact hotline:
Ms Tien: 0909 986 247
Ms Dung: 0939 999 247
Ms Duy: 0902 581 247
