The CPT term is similar to the CIP term, except that

Exam Question

The CPT term is similar to the CIP term, except that:

• 1. The seller is not required to arrange or pay for insurance coverage of goods during transportation
• 2. The seller is required to arrange or pay for insurance coverage of goods during transportation
• 3. The buyer is not required to arrange or pay for the insurance coverage of goods during transportation
• 4. The buyer is required to arrange or pay for the insurance coverage of goods during transportation

Practice set and Exam Quiz

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