What is it? Delivery at Place Unloaded (DPU) is an Incoterm, a standardized set of international trade rules published by the International Chamber of Commerce (ICC). DPU represents an agreement between a buyer and a seller regarding the delivery of goods. In this context, the seller is responsible for delivering the goods to a specified…
Definition: Ex Works (EXW) is an international trade term that defines the responsibilities, costs, and risks associated with the delivery of goods from the seller to the buyer. Under EXW terms, the seller’s primary obligation is to make the goods available for pickup at their premises or another named place (such as a factory or…
Definition: CIP, or Carriage and Insurance Paid To, is an international trade term that outlines the responsibilities, costs, and risks associated with the delivery of goods from the seller to the buyer. CIP terms specify that the seller is responsible for arranging and paying for the carriage (transportation) and insurance of the goods to a…
Definition: CIF, or Cost, Insurance, and Freight, is a widely used international trade term that specifies the responsibilities and costs associated with the shipment and delivery of goods. CIF is primarily used in the context of maritime shipping and outlines that the seller is responsible for delivering the goods to a named port of destination…
Definition: DAP, or Delivered at Place, is an international trade term commonly used in shipping and logistics to specify the responsibilities and costs related to the delivery of goods from the seller to the buyer. Under DAP terms, the seller is responsible for delivering the goods to a named destination, typically the buyer’s premises or…
In the complex world of international trade and supply chain management, various Incoterms play a crucial role in defining the responsibilities and costs between buyers and sellers. One such Incoterm is Carriage Paid To (CPT), which outlines the terms of transportation, delivery, and risk transfer in a transaction. What is Carriage Paid To (CPT) ?…