Terms Beginning With 'c'

Carriage and Insurance Paid To (CIP)

  • January 15, 2020
  • Team Kalkine

It is an Incoterm where the seller is responsible for the delivery of goods to a specified location in the country of the buyer while the former also bear the cost of the carriage. However, the seller's risk ends once the goods are on their way,and for additional insurance during shipping, the buyer has to pay for extra protection/insurance.

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