Quick answer
CIP (Carriage & Insurance Paid) is an Incoterms 2020 rule for any transport mode. Like CPT, seller also arranges insurance to destination. The table below shows exactly which side pays the cost, carries the risk and arranges insurance at each stage of the journey.
Seller vs buyer — stage by stage
| Stage | Cost | Risk | Insurance |
|---|---|---|---|
| Factory / seller site | Seller | Seller | Seller |
| Export transport | Seller | Seller | Seller |
| Export terminal | Seller | Buyer | Seller |
| Main carriage | Seller | Buyer | Seller |
| Import terminal | Seller | Buyer | Seller |
| Import transport | Buyer | Buyer | Buyer |
| Destination | Buyer | Buyer | Buyer |
Using CIP on LogiFindex
State insurance level on the offer; carriers should not assume all-risk unless agreed.
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