Carriage paid to (CPT) is a commercial term indicating that the seller delivers the goods to a carrier or another person nominated by the buyer at the seller's own expense and risk. The term is often used in international trade transactions.
What is the difference between CPT and CIF?
CPT (cost and freight) and CIF (cost, insurance, and freight) are both international shipping terms used to indicate who is responsible for paying the costs associated with shipping goods from one country to another.
CPT is generally used when the seller is responsible for paying the shipping costs, while CIF is generally used when the buyer is responsible for paying the shipping costs. There are exceptions to this rule, however, so it is important to carefully review the terms of the sale before shipping goods. Does CPT include delivery? CPT (the Current Procedural Terminology code set) is a medical code set that is used to report medical procedures and services. Delivery is not included in the CPT code set. What are CPT codes used for? CPT codes are used for billing purposes by healthcare providers. The codes are used to describe the services that were rendered, and the codes are used by insurers to determine how much to reimburse the provider.
Who pays the freight on FOB? According to the Federal Trade Commission's (FTC) "Mail or Telephone Order Merchandise Rule," when a company accepts your order by mail, telephone, or online, it has a legal obligation to ship your merchandise within the time frame it promised, or if no timeframe was stated, within 30 days. If the company can't ship the merchandise within that time, it must notify you of the delay and give you the option to cancel the order and receive a prompt refund.
The Rule also requires sellers to get your express consent before charging your credit or debit card. And, unless you've already agreed to accept delayed shipment, the company must ship your order within the time promised or within 30 days, whichever is earlier.
The Rule applies to all mail, telephone, and online purchases of goods. It doesn't matter whether you're buying from a catalog, advertisement, television infomercial, or website. And, it doesn't matter whether you're using a credit or debit card, or paying by check, money order, or some other method.
However, the Rule doesn't apply to purchases you make in person, or to transactions that are not completed (for example, if you make an online purchase and then cancel it before it's completed).
The FTC enforces the Mail or Telephone Order Merchandise Rule. If you have a problem with a delay in receiving your merchandise, you can file a complaint with the FTC. Who is responsible for insurance in CPT? The Centers for Medicare and Medicaid Services (CMS) is responsible for insurance in CPT. CMS is a federal agency that administers the Medicare and Medicaid programs.