An Incoterm meaning ‘carriage paid to’ (named place of destination). The supplier pays the cost of carriage to a named destination and risk transfers to the buyer when the goods are handed over at that destination. Typically the recipient will be the carrier, rather than the buyer. See also Incoterms.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
