CIP | Carriage and Insurance Paid To Incoterms® 2020

Modified on Fri, 23 Jul, 2021 at 1:40 PM


The seller needs to arrange and pay for a carrier. The delivery happens when the seller hands the goods to the carrier at the named place. If there is an unloading cost, the seller has to pay for it. The carrier may send the goods to the importing country or only somewhere in the export country. You need to make an agreement on the place with the seller.

Under this rule, the seller has to do the export clearance. The seller also has to buy insurance for the goods from the delivery point to (at least) the destination. This means that if the carrier breaks or loses the goods on the way, insurance will cover the damage or loss.




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