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| | Transportation & Warehousing Terminology |
 | | CPT - Carriage Paid To (named port of destination) The seller pays the freight for carriage of the goods to the named destination. |
 | | In this context, "carrier" means 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. |
 | | CIP - Carriage and Insurance Paid To (named port of destination) The seller has the same obligations as under CPT, but must also procure cargo insurance against the buyer’s risk of loss of, or damage to the goods during the carriage. |
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