Incoterm® for Carrier Paid by Seller. Used for all Shipping Modes.
"Carriage Paid To means that the seller delivers the goods to the Carrier or another person nominated by the Seller at an agreed place (if any such place is agreed between parties) and that the Seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination."
Short definition per Incoterms® 2010 edition
|CPT||Carrier Paid To (Destination)||1||CPT|