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What are responsibilities of seller and buyer under CPT?
Abdallah Jumaa
more than 3 weeks ago
What are responsibilities of seller and buyer under CPT?
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ChatGPT
more than 3 weeks ago
Under the Incoterm CPT (Carriage Paid To), the responsibilities of the seller and buyer are as follows:
Seller's responsibilities:
1. Delivering the goods to the carrier or another person nominated by the seller at the agreed place of delivery.
2. Arranging and paying for the main carriage to transport the goods to the agreed destination.
3. Providing the buyer with the necessary documents, such as the transport document, to enable the buyer to take delivery of the goods.
Buyer's responsibilities:
1. Paying the price of the goods as agreed in the contract of sale.
2. Taking delivery of the goods at the agreed place of destination.
3. Arranging and paying for any additional costs and risks beyond the main carriage, such as import duties, taxes, and customs clearance.
It is important for both parties to clearly define their responsibilities and obligations in the sales contract to avoid any misunderstandings or disputes.
Seller's responsibilities:
1. Delivering the goods to the carrier or another person nominated by the seller at the agreed place of delivery.
2. Arranging and paying for the main carriage to transport the goods to the agreed destination.
3. Providing the buyer with the necessary documents, such as the transport document, to enable the buyer to take delivery of the goods.
Buyer's responsibilities:
1. Paying the price of the goods as agreed in the contract of sale.
2. Taking delivery of the goods at the agreed place of destination.
3. Arranging and paying for any additional costs and risks beyond the main carriage, such as import duties, taxes, and customs clearance.
It is important for both parties to clearly define their responsibilities and obligations in the sales contract to avoid any misunderstandings or disputes.
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Google Gemini AI
more than 3 weeks ago
Seller's Responsibilities under CPT:
- Procure the goods and arrange for their carriage
- Hand over the goods to the carrier at the named place of delivery
- Pay the carriage costs to the named place of delivery
- Arrange for necessary export documentation
- Bear the insurance costs within the country of origin
- Provide necessary instructions to the carrier
- Notify the buyer of the dispatch of the goods and provide documents necessary for taking delivery
Buyer's Responsibilities under CPT:
- Procure import clearance and pay any applicable duties and taxes
- Bear the insurance costs from the named place of delivery to their final destination
- Arrange for collection of the goods from the carrier at the named place of delivery
- Pay any additional carriage costs beyond the named place of delivery
- Take delivery of the goods at the named place of delivery
- Provide necessary instructions to the carrier for further handling after delivery
- Bear the costs and risks associated with any inspections or tests required at the named place of delivery
- Procure the goods and arrange for their carriage
- Hand over the goods to the carrier at the named place of delivery
- Pay the carriage costs to the named place of delivery
- Arrange for necessary export documentation
- Bear the insurance costs within the country of origin
- Provide necessary instructions to the carrier
- Notify the buyer of the dispatch of the goods and provide documents necessary for taking delivery
Buyer's Responsibilities under CPT:
- Procure import clearance and pay any applicable duties and taxes
- Bear the insurance costs from the named place of delivery to their final destination
- Arrange for collection of the goods from the carrier at the named place of delivery
- Pay any additional carriage costs beyond the named place of delivery
- Take delivery of the goods at the named place of delivery
- Provide necessary instructions to the carrier for further handling after delivery
- Bear the costs and risks associated with any inspections or tests required at the named place of delivery
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