Carriage and Insurance Paid To (CIP)

Definition: [crh] Seller is responsible for the payment of freight to carry goods to a named overseas destination. The seller is also responsible for providing cargo insurance at minimum coverage against the Definition: HREF="/?rd=buyer's">buyer's risk of loss or damage to the goods during transport. The risk of loss or damage is transferred from the seller to the buyer once the goDefinition: ods are delivered into the carrier's custody. This term may be used for any mode of transport.

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