Embassy Logistic Terms: CIP
Carriage and Insurance Paid To (CIP) (agreed place of destination).
The seller delivers the goods to the carrier at an agreed place of delivery and pays for transport and insurance to the named destination. The risk is transferred at the place of delivery, whereas seller pays for transport and insurance to the destination.
The insured value of goods is 110% of the invoice value, including transport charges.
More information about CIP / Carriage and Insurance Paid To ?
Don’t hesitate to contact us at firstname.lastname@example.org for more information.