Version: (2021-05-06 14:34)
Glossary term:

Carriage and insurance paid to

A method of exporting goods, where the exporter selects the carrier and pays the freight costs to the named destination. When the first carrier takes possession of the goods, all risks of loss or damage – including any increase in shipping costs – are transferred from the seller to the buyer. CIP indicates that the seller is required to provide insurance and pay the related premium.

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