Sellers pay for shipping the goods to the named destination.
The seller delivers goods to a carrier and covers transportation and insurance to the agreed destination.
CIP includes insurance against risks during transit to protect the buyer.
Risk passes from seller to buyer upon delivery to the carrier.
CIP specifies the precise destination for delivery.
Suitable for various modes of transportation - road, rail, sea, or air.
Sellers manage export customs clearance, while buyers handle import duties.
Parties decide who manages export and import documentation.