Transport Costs

Sellers pay for shipping the goods to the named destination.

Seller's Responsibility

The seller delivers goods to a carrier and covers transportation and insurance to the agreed destination.

Insurance Coverage

CIP includes insurance against risks during transit to protect the buyer.

Risk Transfer

Risk passes from seller to buyer upon delivery to the carrier.

Exact Delivery Point

CIP specifies the precise destination for delivery.

Multi-Modal Versatility

Suitable for various modes of transportation - road, rail, sea, or air.

Customs Formalities

Sellers manage export customs clearance, while buyers handle import duties.

Document Distribution

Parties decide who manages export and import documentation.