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CIP Incoterm
Carriage and Insurance Paid To
Group C · main carriage paidAny transport mode
CIP is CPT plus the seller buys cargo insurance (in 2020, broad ICC A cover).
Seller covers
- Export clearance
- Carriage to destination
- Insurance (ICC A)
Buyer covers
- Import clearance and duties
- Unloading
Where risk passes
Risk passes at the first carrier; insurance runs to destination.
When to use it
When you want insured carriage to destination with early risk transfer.
Common mistake
Confusing CIP cover with CIF - CIP requires broader (ICC A) insurance.