Last modified on 18 June 2013, at 13:26

Carriage and Insurance Paid to

EnglishEdit

Wikipedia

NounEdit

Carriage and Insurance Paid to (uncountable) (abbreviated CIP)

  1. (incoterm) Meaning the seller pays for the freight to the named destination and the insurance during the transportation.

Usage notesEdit

This is followed by the place of destination, i.e. Carriage and Insurance Paid to New York City or more usually just CIP New York City

See alsoEdit