Monday , August 10 2020
Home / Tips for Freight / Contd: CIP Incoterms
Fresa Xpress

Contd: CIP Incoterms


4.CIP Incoterms – Carriage and Insurance Paid to (named place of destination)
This is commonly used in road/rail or road/sea container shipments and is the multimodal equivalent of CIF. The seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the freight forwarder, who in practice supplies the insurance element.

Fresa BPO


Check Also


Incoterms 2010

Incoterms 2010 This latest version was launched in September 2010 but actually came into being …