Carriage & insurance paid to (CIP)
William Clark updates
Carriage & insurance paid to (CIP),
Definition of Carriage & insurance paid to (CIP):
[Named port of destination] Term of sale signifying that the price invoiced or quoted by a seller includes all costs up to a named port-of-destination. By comparison, cost, insurance, and freight (CIF) term includes all costs only up to a named port-of-destination. See also carriage paid to (CPT).
Meaning of Carriage & insurance paid to (CIP) & Carriage & insurance paid to (CIP) Definition
