Carriage and Insurance Paid to

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Carriage and Insurance Paid to (CIP) is an Incoterm. The passing of risk occurs when the goods have been delivered into the custody of the carrier. This means that the buyer bears all risk and any additional costs occurring after the goods have been so delivered.It is the same as CPT except that the seller also pays for the insurance.

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Incoterms 2000
EXW | FCA | FAS | FOB | CFR | CIF | CPT | CIP | DAF | DES | DEQ | DDU | DDP
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