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| Seller |
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Buyer |
Risk
Cost
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Risk
Cost
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- CARRIAGE PAID TO means the
seller pays the freight for the carriage of the goods to the named
destination.
- The risk of loss or damage to
the goods, as well as any additional costs due to events occurring
after the time the goods have been delivered to the carrier, is
transferred from the seller to the buyer when the goods have been
delivered into the custody of the carrier.
- If the buyer does not insure
the shipment and if the goods are damaged, you may run the risk of
not being paid.
- A carrier is any person who,
in a contract of carriage, undertakes to perform or to procure the
performance of carriage, by rail, road, sea, air, inland waterway
or by a combination of such modes.
- If subsequent carriers are
used for carriage to the agreed destination, the risk passes to the
buyer when the goods have been delivered to the first
carrier.
- CARRIAGE PAID TO requires the
seller to clear the goods for export.
- CARRIAGE PAID TO can be used
for any mode of transport including multimodal
transport.
The above definitions are taken from the
Pierobon.org
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