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What does Carriage Paid To (CPT) mean?

carriage CPT mean paid
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What does Carriage Paid To (CPT) mean?

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Carriage Paid To (CPT) is defined as: “The seller delivers the goods to the nominated carrier and must also pay the cost of carriage necessary to bring the goods to the named destination. The buyer bears all additional costs and risks after the goods have been delivered to the nominated carrier.

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