Carriage and Insurance Paid To (CIP)

In the Incoterms 2020 rules, the seller must contract and pay for the carriage and the insurance of the goods up to the place of destination. The seller's obligation covers both transport and insurance to that destination.

CIP requires the seller to contract and pay for the carriage and insurance of the goods up to the place of destination.

See also

• Incoterms
• Carriage Paid To (CPT)
• Cost and Freight (CFR)
• Cost, Insurance and Freight (CIF)

More incoterms terms

• Delivered at Place (DAP)
• Delivered at Place Unloaded (DPU)
• Delivered Duty Paid (DDP)
• Ex Works (EXW)
• Free Alongside Ship (FAS)
• Free Carrier (FCA)

Go further

• Incoterms 2020 selector

Definitions are general information, not legal advice. Rules differ by country; check the source and the current regulation before you act on one.