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Incoterm CIP

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What is Incoterm CIP?

What is Incoterm CIP?

The CIP Incoterm or “Carriage and Insurance Paid to” states that the seller is responsible for bringing the goods to the destination and the payment of the cost of international freight as well as insurance costs. Unlike other Incoterms, the transfer of risk is made when the goods have been loaded on board the means of transport.

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Incoterm CIP

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