Incoterms 2020
CIP: Carriage and Insurance Paid To
Arrange and pay carriage plus all-risks insurance to the named destination. Import clearance, unloading, and final delivery.
CIP at a glance
- Applies to
- Any mode, including multimodal
- Risk transfers to buyer
- When the goods are handed to the first carrier. Risk passes early even though the seller pays carriage and insurance to destination.
- Main carriage paid by
- Seller
- Insurance
- Seller, all-risks cover (Institute Cargo Clauses A) under Incoterms 2020.
- Export clearance
- Seller
- Import clearance and duties
- Buyer
- Seller handles
- Arrange and pay carriage plus all-risks insurance to the named destination.
- Buyer handles
- Import clearance, unloading, and final delivery.
- Best for
- Air or multimodal shipments where the seller handles both freight and insurance.
General guidance only, not legal advice. Your sales contract governs. Based on Incoterms 2020.
CIP questions
Know the term, then track what it costs
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