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https://www.investopedia.com/terms/c/carriage-and-insurance-paid-cip.asp
Jul 31, 2019 · Carriage and Insurance Paid To (CIP) is when a seller pays freight and insurance to deliver goods to a seller-appointed party at an agreed-upon location. The risk of damage or loss to the goods being transported transfers from the seller to the buyer as soon as the goods are delivered to the carrier or appointed person.Author: Will Kenton
https://internationalcommercialterms.guru/incoterms-cip/
Under CIP terms, the seller clears the goods for export and is responsible for deliver the goods at the agreed place of shipment. The seller must pay the cost of carriage, but seller’s risk ends at place of shipment. The seller must procure the minimum insurance until the named place of destination.
https://www.aitworldwide.com/Incoterms-CIP
In Carriage and Insurance Paid To (CIP), the seller assumes all risk until the goods are delivered to the first carrier at the place of shipment—not the place of destination. Once the goods are delivered to the first carrier, the buyer is responsible for all risks.
https://howtoexportimport.com/Difference-between-CIP-and-CIF-507.aspx
So in most of the cases, the insurance premium under CIP terms could be more than CIF terms. Under CIF terms, the risk of seller passes to buyer when goods gone onboard the vessel. But under CIP terms, the liability on risk fulfills by buyer immediately up on delivery of goods to first carrier of goods.
https://howtoexportimport.com/CIP-terms-in-simple-language-504.aspx
CIP terms of delivery – Easy definition. As per international commercial terms 2010, one of the large 7 terms is CIP. CIP is used for any mode of transportation like Road, Rail, Inland water, Sea, Air or by any combination(s). As per Inco terms, CIP means ‘Carriage and …
https://www.incotermsexplained.com/the-incoterms-rules/the-eleven-rules-in-brief/carriage-insurance-paid-to/
Carriage and Insurance Paid To (CIP) Can be used for any transport mode, or where there is more than one transport mode. The seller is responsible for arranging carriage to the named place, and also for insuring the goods. As with CPT, delivery of the goods takes place, and risk transfers from seller to buyer, at the point where...
https://www.incotermsexplained.com/delivery/
Delivery. Under the Incoterms rules, “delivery” is linked to the transfer of risk and responsibility for the consignment from the seller to the buyer. Particular care must be taken with the “C” rules: “CPT Carriage Paid to”, “ CIP Carriage and Insurance Paid to ”, “ CFR Cost and Freight “, “ CIF Cost Insurance and Freight “. Consider this rule...
https://www.advancedontrade.com/2014/12/what-are-differences-between-cif-and-cip-incoterms.html
Definition of CIP according to Incoterms 2010: “Carriage and Insurance Paid to” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between the parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.
https://www.searates.com/reference/incoterms/cip/
CIP - Carriage and Insurance Paid Тo (named place of destination) This term is broadly similar to the CPT term, with the exception that the seller is required to obtain insurance for the goods while in transit. CIP requires the seller to insure the goods for 110% of the contract value under at least the minimum cover of the Institute Cargo Clauses...
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