Using the CIP Incoterm, the seller is responsible for the cost of carriage as well as all-risk insurance coverage.
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Understand your shipping terms, the Incoterms chart provides a guide to all 11 Incoterms.
International Commercial Terms
EXW (Ex Works)
FCA (Free Carrier)
CPT (Carriage Paid To)
CIP (Carriage and Insurance Paid To)
DAP (Delivered at Place)
DPU (Delivered at Place Unloaded)
DDP (Delivered Duty Paid)
FAS (Free Alongside Ship)
FOB (Free On Board)
CFR (Cost And Freight)
CIF (Cost, Insurance And Freight)
Get to know the rules for buyers and sellers!
1500 Rankin Road
Houston, TX 77073
+1 888-870-2726
