One of the 11 current Incoterms® 2020 (see below), used in conjunction with the name of the place where delivery will take place. Under CPT terms, a seller is responsible for all transport costs up to the named place of delivery, but the risk passes to the buyer once the goods are loaded on the first vehicle at the place of collection. The importer is responsible for completing the import customs formalities.
For further information, please refer to the Incoterms® Guide.