Carriage and Insurance Paid To


Carriage and Insurance Paid To
( CIP)
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 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 goods are delivered into the carrier's custody. This term may be used for any mode of transport. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Look at other dictionaries:

  • carriage and insurance paid — ➔ Incoterm * * * carriage and insurance paid UK US adjective, adverb (also freight and insurance paid, ABBREVIATION CIP) ► COMMERCE, TRANSPORT, INSURANCE used to show that the company or person sending goods has …   Financial and business terms

  • Carriage And Insurance Paid To — CIP est un Incoterm qui signifie Carriage and Insurance Paid to Le transfert des risques a lieu quand les marchandises ont été remises au premier transporteur. C est le même Incoterm que le CPT, sauf que le vendeur paye en plus l assurance.… …   Wikipédia en Français

  • Carriage and insurance paid to — CIP est un Incoterm qui signifie Carriage and Insurance Paid to Le transfert des risques a lieu quand les marchandises ont été remises au premier transporteur. C est le même Incoterm que le CPT, sauf que le vendeur paye en plus l assurance.… …   Wikipédia en Français

  • Carriage and Insurance Paid to — (CIP) is an Incoterm, usable with any mode of transport. It is the correct term to be used in place of CIF for shipments in containers or by air. It is defined in International Chamber of Commerce s publication 560 Incoterms 2000. The passing of… …   Wikipedia

  • Carriage and Insurance Paid to — CIP est un Incoterm qui signifie Carriage and Insurance Paid to Le transfert des risques a lieu quand les marchandises ont été remises au premier transporteur. C est le même Incoterm que le CPT, sauf que le vendeur paye en plus l assurance.… …   Wikipédia en Français

  • Carriage and Insurance Paid to — Области действия терминов Инкотермс. CIP или Carriage and Insurance Paid to (с англ. фрахт/перевозка и страхование оплачены до) междунар …   Википедия

  • Carriage and Insurance Paid to — noun Meaning the seller pays for the freight to the named destination and the insurance during the transportation …   Wiktionary

  • Carriage and Insurance Paid to — Named Place of Destination, ⇡ CIP …   Lexikon der Economics

  • freight and insurance paid — ˌfreight and inˌsurance ˈpaid noun [uncountable] another name for carriage and insurance paid * * * freight and insurance paid UK US adverb TRANSPORT, INSURANCE ► CARRIAGE AND INSURANCE PAID(Cf. ↑carriage and insurance paid) …   Financial and business terms

  • Carriage Paid To — (CPT) is an Incoterm. It can be used for all modes of transport including multimodal transport. The seller pays for the freight to the named point of destination. The buyer pays for the insurance. The passing of risk occurs when the goods have… …   Wikipedia