Issue 01 . Jan 2019
Carriage and Insurance Paid To (CIP) is an Incoterm where the seller is responsible for the delivery of goods to an agreed destination in the buyer’s country, must pay for the cost of this carriage, and must take out maximum insurance cover for the buyer’s risk. The seller’s risk, however, ends once they have placed the goods on the ship at the origin destination. The risk is passed when the first carrier receives the goods. Carriage and Insurance Paid to is eligible for any form of transportion.
Download PDF version