The difference between FCA CIP CPT

FCA, CPT and CIP are compared with traditional FOB, CFR and CIF. There are three * * * similarities: (1) all symbolize the delivery of goods, and the corresponding sales contract is the delivery contract; (2) The exporter is responsible for export declaration and the importer is responsible for import declaration; (3) The transportation and insurance responsibilities undertaken by the buyer and the seller are corresponding, that is, FCA and FOB are the same, CPT and CFR are the same, and the seller is responsible for transportation and insurance.

The resulting operational precautions are similar.

The main differences between these two trade terms are as follows: (1) The applicable modes of transport are different, FCA, CPT and CIP are applicable to all modes of transport, while FOB, CFR and ClF are only applicable to sea and inland river transport; (2) Different risk points. In FCA, CPT and CIP, the risk and expense responsibilities of the buyer and the seller are defined as "the goods are delivered to the carrier", while the traditional trade term is defined as "the ship"; (3) The burden of loading and unloading costs is different. FCA, CPT and CIP are all loaded and unloaded by the carrier, and there is no need to use trade terms to deform them. (4) The nature of transport documents is different. Ocean bill of lading has the nature of document of title, but air waybill and railway waybill do not.

Therefore, apart from different risk points, FCA, CPT and CIP can all be regarded as extensions of FOB, CFR and CIF modes from sea to various modes of transportation.