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What are the requirements of CPT incoterm to LC Draft?

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Question added by Hany Adel Abdullah , Head of Purchasing Departement , Kuwait Dairy Company (KDCOW)
Date Posted: 2016/01/12
Nadeem Asghar
by Nadeem Asghar , Supply Chain Consultant/Trainer , Independent Practitioner

 

The seller pays for carriage. Risk transfers to buyer upon handing goods over to the first carrier at place of shipment in the country of Export. The Shipper is responsible for origin costs including export clearance and freight costs for carriage to named place (usually destination port or airport). Shipper is not responsible for buying Insurance and for delivery to final destination (buyer's facilities).

 

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