CPT/CIP – Delivery, Risk and interaction with Letter of Credit
CPT stands for “Carriage Paid To” and should be shown as CPT (named place of destination) Incoterms® 2020. CIP stands for “Carriage and Insurance Paid To” and should be shown as CIP (named place of destination) Incoterms® 2020.
Under CPT and CIP, the seller delivers the goods and transfers the risk to the buyer when
– the goods are handed over to the carrier contracted by the seller, or
– by procuring the goods so delivered.… Read More »