Dear all,
could any one tell me the meaning of "c.p." in following text which speak about incoterms?
"Documents that are required to enable the seller to place the goods at the buyer,s disposal at the "C.P." are arranged and payed by the seller"
INCOTERMS
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Masoom Hasan
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INCOTERMS
Dear hasan,
We know there are 13 Incoterms as described in the ICC publication No 560, namely, "Incoterms 2000". These incoterms make clear that at what point buyer's and seller's individual responsibilities under commercial cnontracts begin and end.
Among these 13 incoterms there is no incoterm as mentioned by you, ie, C.P. I think it may be C.P.T. which stands for 'carriage paif to'. CPT is almost silmilar to the incoterms 'CFR' where seller / exporter arrange and pay for transport of goods from 'port of loading' to 'port of discharge', including arrangement for any export customs requirement (like, export licence, duties and tax and pay any other cost). In addtition to CFR in case of CPT seller have to arrange and pay for transportation 'to the named place of destination', such as transportation cost up to a inland container depot in the buyer's /importers country. In contrary, in case of CPT buyer should have to arrange any cost involved for import licence and for customs requirements (including duties and taxes) in the buyers/ importer's country or territory. Buyers aslo have to bear the cost for transportation of goods form named palace of destination to it's own premise. In can be noted that both for CFR and CPT 'insurance for the carraige' is to be arranged and paid by the buyer.
Thanks.
We know there are 13 Incoterms as described in the ICC publication No 560, namely, "Incoterms 2000". These incoterms make clear that at what point buyer's and seller's individual responsibilities under commercial cnontracts begin and end.
Among these 13 incoterms there is no incoterm as mentioned by you, ie, C.P. I think it may be C.P.T. which stands for 'carriage paif to'. CPT is almost silmilar to the incoterms 'CFR' where seller / exporter arrange and pay for transport of goods from 'port of loading' to 'port of discharge', including arrangement for any export customs requirement (like, export licence, duties and tax and pay any other cost). In addtition to CFR in case of CPT seller have to arrange and pay for transportation 'to the named place of destination', such as transportation cost up to a inland container depot in the buyer's /importers country. In contrary, in case of CPT buyer should have to arrange any cost involved for import licence and for customs requirements (including duties and taxes) in the buyers/ importer's country or territory. Buyers aslo have to bear the cost for transportation of goods form named palace of destination to it's own premise. In can be noted that both for CFR and CPT 'insurance for the carraige' is to be arranged and paid by the buyer.
Thanks.
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shahriar
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Critical point
Its difficult to answer unless read in the full context. But it appears that cp means critical point here. I have seen references of critical point defined as the point where the responsibility is transferred from the seller to the buyer