CIP - CARRIAGE AND INSURANCE PAID TO (... named place of destination)

Seller		Buyer
Risk Cost		Risk Cost

• CARRIAGE AND INSURANCE PAID TO means the seller has the same obligations as under CPT - CARRIAGE PAID TO and the seller also has to procure cargo insurance against the buyer's risk of loss or of damage to the goods during the carriage.
  • The seller contracts for insurance and pays the insurance premium.
  • The seller is only required to obtain insurance on minimum coverage.

• CARRIAGE AND INSURANCE PAID requires the seller to clear the goods for export.

• CARRIAGE AND INSURANCE PAID can be used for any mode of transport including multimodal transport.

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© 2004 John Michael Pierobon

Notes