Multimodal Incoterm where seller pays carriage to destination, but risk transfers at first carrier handover.
Carriage Paid To (CPT) means the seller delivers goods to the carrier and pays transport costs to the agreed destination. However, the risk of damage or loss transfers to the buyer as soon as goods are handed over to the very first carrier.
Used in multimodal freight contracts with automated freight tariff billing and separate in-transit insurance.
Disaggregates payment milestones (destination delivery) from transit risk (first carrier custody).
Buyer must arrange own insurance unless combined with CIP.