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FreightUtils.com
CIP

Carriage and Insurance Paid To

Any Mode of Transport

Same as CPT but seller must also arrange insurance to destination.

CIP — Responsibilities & Risk
Seller's Responsibility
Main carriage costs and insurance to named destination. Export clearance.
Buyer's Responsibility
Import clearance, duties, unloading at destination.
Risk Transfer Point
When goods are delivered to the first carrier.
Cost Transfer Point
At named destination.
Insurance Obligation
Seller must arrange insurance with minimum cover per ICC Clause A (all-risks). Changed in 2020 — previously only required ICC Clause C (basic).
Export Clearance
Seller.
Import Clearance
Buyer.
Best For
When buyer wants assurance that goods are insured during transit and seller pays for it.
Watch Out
2020 change: CIP now requires all-risks insurance (ICC Clause A), a significant upgrade from the basic cover previously required. This makes CIP more expensive than CPT.
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